11/1/2022 0 Comments Spend bill gates money![]() ![]() #SPEND BILL GATES MONEY SOFTWARE#Instead, he took on the role of chief software architect and dedicated more time to his philanthropic interests through the Bill & Melinda Gates Foundation, which he cofounded that year. Gates, who had served as CEO of the company since its founding, stepped down from the position in 2000. In 1995, at age 39 and with a net worth of $12.9 billion, Gates became the world’s wealthiest man, a title he held until 2010, then again from 2013 to 2017, when he was surpassed by Amazon founder and former CEO Jeff Bezos. Microsoft’s star continued to rise as a public company, as did Gates’ fortune. And when Microsoft went public in 1986 in an IPO worth $61 million (over $164 million in 2022 dollars), Gates boasted a 49% stake in the company, making him a multimillionaire overnight. The company kickstarted the IT industry boom long before Apple and Google hit the scene. The company is known for its ubiquitous hardware and software products, from the Xbox gaming console to its popular suite of office applications and the now defunct Internet Explorer browser. ![]() ![]() Where did Bill Gates get his wealth?īill Gates made his mark by cofounding software behemoth Microsoft in 1975 with childhood friend Paul Allen, after dropping out of Harvard University. Microsoft, which ranked 14th on this year’s Fortune 500, has been a tech stalwart in the decades since. Gates’ net worth currently stands at $101 billion, according to Forbes, and the vast majority of that money is set to go toward supporting the causes most important to him, including global health, education, and mitigating climate change. That will be a lot of wealth to give away. Gates wrote that giving away his wealth will move him “down and eventually off of the list of the world’s richest people,” but that he nonetheless had an “obligation” to give his fortune back to society “in ways that have the greatest impact for reducing suffering and improving lives.” Gates also added that he hoped others in his position and with similar wealth would do the same. He also wrote on Twitter that he intends to eventually “ give virtually all my wealth” to the Bill & Melinda Gates Foundation, which he cofounded with his now ex-wife in 2000. On Wednesday, the Microsoft cofounder and onetime world’s richest man revealed that he had made a $20 billion donation to his family charity. ![]()
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