William Henry Gates III
October 28, 1955
Seattle, Washington, US
|Alma mater||Harvard University (dropped out in 1975)|
|Net worth||US$53 billion (2010)|
|Spouse(s)||Melinda Gates (married 1994)|
William Henry Gates III (born October 28, 1955), commonly known as Bill Gates, is an American businessman, co-founder and chairman of Microsoft. He is the second richest person in the world just behind Jeff Bezos as of October 2017.
Early life[change | change source]
William Henry Gates III was born on October 28, 1955 in Seattle, Washington, U.S. He has British and German ancestry. His father William H. Gates, Sr. was a lawyer. His mother Mary Maxwell Gates served on the board of directors for First Interstate BancSystem and the United Way. His parents wanted him to be a lawyer. At the age of 13, Bill went to Lakeside High School.
College career and the Founding of Microsoft[change | change source]
He was a freshman at Harvard University in 1973. He left Harvard to make software. Bill Gates saw an opportunity to transform the personal computer, which was expensive and difficult to use. He decided that computers could be made less expensive and more easy to use. Gates started Microsoft in 1975 with Paul Allen.
Retirement, philanthropy and charity work[change | change source]
In 2006, Gates announced he was going to quit his job at Microsoft. This was so he could do more charity work with his wife, Melinda. Their charity is called the Bill and Melinda Gates Foundation. Gates' philanthropy projects have included vaccination of children in sub-Saharan Africa, scholarship programs in the United States, and leadership to help organize other billionaires to redistribute their wealth. He likes to give money and support to human rights, education and technological innovation.
Gates stepped down from his CEO position in Microsoft in 1998 and Steve Ballmer did the job instead. On June 16, 2007, Microsoft said that Gates, the chairman of Microsoft, will come in on a day-to-day schedule to continue working with his charity organization full-time for the years to come. On 2014, Satya Nadella became the new CEO of Microsoft and Bill Gates came back as the Chief Technology Adviser.
The World's Richest Man[change | change source]
In 1986, Gates took Microsoft public. The company's stock was worth $520 million. Gates owned 45 percent of the stock himself which was worth $234 million. The company continued its rapid growth and the stock price soared. At one point, Gates' stock was worth over $100 billion. He was the richest man in the world. Now he is the second richest person in the world just behind Jeff Bezos as of October 2017.
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