Bill Gates Net Worth: How The Former Chairman Is Spending His Money
Bill Gates is a prominent American entrepreneur, philanthropist, former chairman and CEO of software giant Microsoft, and author. Bill Gates is worth $133.8 billion at the time of this writing. Bill Gates has dominated global wealth for the better part of the last two decades. In July of 2017, Amazon founder Jeff Bezos passed him as the world’s richest person, relegating him to second place. He is now regularly ranked among the top five wealthiest people on the planet.
As you may know, Bill Gates is widely regarded as one of the earliest and most influential entrepreneurs in the PC industry, having co-founded software giant Microsoft with fellow PC industry pioneer Paul Allen. The current percentage of Microsoft stock he owns is less than 1.3%. Over the years, he has unloaded tens of billions of dollars worth of Microsoft stock. With the money from his sales, Gates established Cascade Investment LLC, through which he has invested in numerous additional businesses.
On October 28, 1955, William Henry Gates III entered this world in Seattle, Washington. As a kid, Gates endured cruel treatment. When his mother inquired as to his whereabouts, he would respond, “I’m thinking,” before retreating to his room. At the ripe old age of 13, he enrolled in the exclusive Lakeside prep school and coded his first computer program.
In his first year at Lakeside, while he was in eighth grade, the Mother’s Club had raised enough money to provide each student with a Teletype Model 33 ASR terminal and access to a GE computer. In time, Gates found that he enjoyed using BASIC on the GE computer. His first computer program was a tic-tac-toe game he wrote himself.
The game was played by humans versus a computer. When Gates, Allen, Weiland, and Evans were detected taking advantage of OS vulnerabilities to gain unmetered access to the school computer, they were expelled. With the goal of making a living, four students at Lakeside High School established the Lakeside Programmers Club.
After their time away from the computer was up, the guys bargained for more time by offering to find and fix software flaws. Gates began learning programming languages like Fortran, Lisp, and machine code that were used by the computer itself.
How much does Bill Gates worth?
The current estimate places Bill Gates‘ wealth at $133.8 billion as of March 2022, making him the fourth richest person on the planet.
Had Bill Gates and Melinda Gates a prenuptial agreement?
Although it has been widely reported that Bill and Melinda Gates did not sign a prenuptial agreement prior to their 1994 wedding, which could make their divorce exceedingly messy, it appears to have been rather straightforward thus far. According to TMZ’s sources, “neither party will get spousal support.” There are no custody or support concerns because they do not have any minor children.
Have you heard of Bill Gates’ kids will get any of his money?
In 2011, Gates stated to The Daily Mail that he would only be leaving his three children a total of $10 million. That amounts to about 1% of the computer industry pioneer’s total wealth.
Bill Gates Net Worth Details
The Gates Foundation’s Worth has fallen down
Bill Gates promised to donate so much money that his name would be removed from the list of the world’s wealthiest people. The results of his scheme can be seen right away.
The Bloomberg Billionaires Index shows that Gates’s net worth has dropped by $25.8 billion so far this year, bringing it down to $112 billion. Even though he was the fourth richest person at the start of the year, Microsoft founder Bill Gates has since dropped to fifth.
But Gates’s falling wealth is mostly the result of a calculated decline. Gates dropped one spot in the rankings after announcing on July 13 that he would be donating $20 billion to the Bill and Melinda Gates Foundation.
How did Bill Gates get so wealthy?
Gates and his best childhood buddy, Paul Allen, started Microsoft in 1975, and Gates has held the positions of CEO, chairman, and chief software architect at Microsoft ever since. By 1980, Microsoft’s DOS-based platform had replaced DOS as IBM PCs’ primary operating system.
By himself, Gates’ Microsoft stock was worth $350 million at the time of the company’s initial public offering, making him one of the wealthiest Americans at the time. Microsoft Office’s 1990 debut helped further increase Gates’ fortune, and by the time Windows 95 was released in 1995, he had become the world’s wealthiest person. By 1999, Gates’ wealth had surpassed $100 billion.
Is Bill Gates the richest person on the planet?
Not at all, and he certainly hasn’t been for some time. Bezos’s projected wealth of $177 billion put him at the top of Forbes’ 2021 World’s Billionaires List, just ahead of Tesla creator Elon Musk’s estimated wealth of $151 billion.
In third place was French billionaire Bernard Arnault with $150 billion, while in fourth place was Gates with an estimated net worth of $124 billion (which, as of March 2022, had climbed to $133.8 billion, but still placed him at No. 4 on the list of world’s richest individuals).
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