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Bill Gates’s net worth and his current earnings

Bill Gate the co-founder of Microsoft Corporation and one-time richest man in the world, has gone from tech wizard to billion-dollar philanthropist.

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Bill Gates's net worth and his current earnings www.bamcos.co.ke
The Microsoft co-founder and philanthropist has been the richest man in the world several times

Bill Gates Net worth & Earnings: Bill Gates is an American business magnate, founder, and former president and CEO of Microsoft, philanthropist, and author.

For many of the last 20 years, Bill Gates has been the richest man in the world. He was the second richest person in the world since July 2017 when he was taken over by Amazon founder Jeff Bezos.

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As of this writing, Bill Gates’ net worth is $ 125 billion.

Bill Gates

Net Worth: $125 Billion
Salary: $1 Million
Date of Birth: Oct 28, 1955 (64 years old)
Gender: Male
Height: 5 ft 10 in (1.78 m)
Profession: Entrepreneur, Programmer, Businessperson, Investor, Software Architect
Nationality: United States of America
Last Updated: 2020

 

As you probably know, Bill Gates founded the software company Microsoft together with Paul Allen and is known as one of the pioneering entrepreneurs of the personal computer revolution.

Today, he owns less than 1.3% of Microsoft. He has sold tens of billions of dollars worth of Microsoft shares over the years. Proceeds from its sale were financed by Cascade Investment LLC, the vehicle Gates used to invest in hundreds of other companies.

Beginning of life

William Henry Gates III was born on October 28 1955 in Seattle, Washington. Gates was harassed as a child. He preferred to stay in his room, where he would shout “I think” when his mother asked what he was doing.

When he was 13, he enrolled in the private Lakeside Prep School and he wrote his first software program. He was in eighth grade during his first year at Lakeside and the school’s Mother’s Club used proceeds from a fundraiser to buy a Teletype Model 33 ASR terminal and time on a GE computer for school students. Gates was interested in programming the GE computer on BASIC. He wrote his first program – a tic-tac-toe game, on this computer.

The players played the game against the computer. Finally, Gates and his friends Paul Allen, Ric Weiland, and Kent Evans were banned from using the school computer after being caught exploiting bugs in the operating system to get free time on the machine. The four students founded the Lakeside Programmers Club to earn money.

When their ban was over, the boys offered to look for bugs in the software in exchange for extensions on the computer. Gates began studying code for computer-aided programs, including Fortran, Lisp, and Machine Language. In 1971, a Lakeside teacher asked Gates and Evans to automate the school’s class system.

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The friends wrote software with a twist – Gates changed the code so that he was in classes with a higher number of interesting girls. Gates and Evans wanted the new system up and running in the senior year. Then, at the end of her junior year, Evans was killed in a mountain climbing accident. Gates turned to Allen to help him complete the Lakeside project.

Microsoft went public in 1986. The opening stock price was $ 21. After the trading day, the stock closed at $ 27.75 and Bill’s 45% was worth $ 350 million. Less than a year later, after the stock rose, he was a billionaire. He was 31 years old.

Gates announced on June 15 2006 that he would step down from his day-to-day role at Microsoft over the next two years to devote more time to philanthropy.

On March 13, 2020, Gates announced that he was stepping down as President of Microsoft.

Bill Gates Net Worth Milestones:
1986 $350 million
1987 $1.25 billion
1990 $2.5 billion
1990 $15 billion
1997 $40 billion
1999 $85 billion
2000 $63 billion
2008 $58 billion
2009 $40 billion
2014 $76 billion
2020 $125 billion

Personal life

In 1987, Melinda French joined Microsoft’s product development division. At one point, she and Bill sat side by side at a work dinner. They hit it off and Bill quickly called Melinda to question her. Melinda eventually rose to the position of Director General of Information Products. She remained with Microsoft until 1996.

Bill and Melinda were married on a golf course on the Hawaiian island of Lanai on January 1, 1994. They have three children; Phoebe Adele, Rory John, and Jennifer Katharine.

Gates bought the Codex Leicester, a collection of scientific writings by Leonardo da Vinci, for $ 30.8 million at a 1994 auction.

Gates and his wife combined three family foundations to create the Bill & Melinda Gates Foundation in 2000, the largest transparent corporate charitable foundation in the world.

On December 9, 2010, Bill and Melinda Gates and investor Warren Buffett each signed a commitment they called the Giving Pledge, which is a commitment by all three to at least half of their wealth, over the course of the year. of the time to donate to charity.

Net Worth

Bill Gates has sold at least $ 40 billion in Microsoft stock and raised over $ 12 billion in dividends since the company’s IPO in 1986. He used that money to create the holding company Cascade Investment, which has continued to grow. and investments in companies such as a Canadian National. Railroad to AutoNation. Gates is quite a philanthropist and donated a $ 3.3 billion payout he received in 2004 to his Bill & Melinda Gates Foundation. He still has a 1.3 percent stake in Microsoft.

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