What is Bill Gates net worth in 2019 and how did one of the world’s richest man “Bill Gates” attain such success, with a huge net worth? Read on, to find out the impressive secrets behind his salary, earnings, Businesses, and success story.
Bill Gates is an American business mogul, programmer, investor and philanthropist. He is the co-founder of Microsoft where he once served as chairman and chief executive officer (CEO) before retiring in 2004. He is still the largest shareholder in Microsoft. In terms of his philanthropic gesture, he has given more than $30 billion to charity. Forbes currently ranks him among the richest and most powerful person in the world a position he has held for more than ten years.
|Net Worth||$103.1 billion|
|Source of Wealth||Microsoft, Terrapower, Cascade Investment, Eclipse Aviation, Corbis|
|Date of Birth||October 28, 1955|
Early Life/ Personal Life
Born as William Henry Gates III on October 28, 1955, in Seattle, Washington to William H. Gates and Mary Maxwell Gates. He has an English, Irish and German descent. At a young age, his parents wanted him to study law but he had a habit of always staying indoors and engaging his thoughts.
At age 13, he got enrolled in Lakeside School where he took interest in writing computer programs. His first program was one that allowed game users to compete against the computer. The success of the program motivated him to learn more about executing software codes perfectly as he had a penchant for perfection.
While using a computer owned by Computer Centre Cooperation (CCC) together with his friends were caught trying to exploit bugs in their system so as gain more computer time. This action of theirs led a ban. After the ban, CCC offered them the opportunity to discover bugs in their software in exchange for free computer time. This gave him the opportunity to learn and run other programs such as FORTRAN and LISP. Gates graduated from Lakeside school in 1973 and had a remarkable SAT score of 1590 out of 1600 a feat most persons are yet to attain academically. From there on, he went to study at Harvard University but dropped out after two years to pursue his programming career and start his company.
Career & Business
Gates in partnership with his friend Paul Allen started Microsoft a name gotten from microcomputers and software with a goal of placing a computer in every home. The Beginners All-purpose Symbolic Instruction Code (BASIC) software was the first product of the company that ran on Altair computers.
In 1980, they had their first major breakthrough when they had a deal with IBM to build an operating system that will work on their new brand computers. After developing the software for IBM it was sold for $50,000 though Microsoft still retained the copyrights.
In 1985, Microsoft launched the popular ‘Microsoft Windows’ that have gone to be a huge success worldwide as it is been pre-installed in most PCs. Naturally born with a competitive instinct, he was keen to always diversify Microsoft so as to maintain a competitive advantage over other companies. Popular products include; Ms Excel, PowerPoint, Access, Outlook, Word and Internet Explorer.
After studying the lives of great men like John D. Rockefeller and Andrew Carnegie he decided to start a foundation together with his wife named ‘The Bill & Melinda Gates’ foundation.
The foundation has made lots of impact around the world and it concentrates more on improving education and health care of people around the world. Bill once said that he will give out most of his wealth to charity and leave little for his children as he believed that money was meant to improve the life of the people in general. The foundation is the largest in the world as it has given more than $40 billion to assist the lives of people.
How did Bill Gates amass such wealth?
As of July 15, 2019, Bill Gates net worth is estimated $103.1 billion. Gates owns one of the most expensive homes in the world which is around $125 million.
Despite not currently playing an active role in Microsoft, he still is the largest shareholder. He also owns another company which include; ResearchGates, Corbis, Terrapower, bgL3 and Cascade Investments.
Awards & Recognition
Gates has received so many awards in the course of his industrious life. Some of them include;
- -1994: Distinguished Fellow of British Computer Society
- -1999: New York Institute of Technology President’s Medal
- -2002: Jefferson Award
- -2005: Knight Commander of The Order of the British Empire
- -2006: Placard of the Order of the Aztec Eagle
- -2010: Bower Award for Business Leadership
- -2016: Presidential Medal of Freedom
Watch hilarious video of Bill Gates on the Ellen show