Bill Gates is most famously known as the founder of Microsoft, the developer of the world’s most used computer software programs. Thanks to his innovative software development, Gates has risen to billionaire status and is one of the most wealthy individuals globally, in league with billionaires like Elon Musk and Jeff Bezos.
Gates and his ex-wife shifted their focus to philanthropic pursuits in 2000 through the Bill & Melinda Gates Foundation. Gates signed the Giving Pledge in 2010 and intends to give away the entirety of his reported $122 billion net worth.
|Net Worth:||$122 BILLION|
|Source of Wealth:||MICROSOFT|
|Yacht:||Hydrogen concept yacht; under construction|
Bill Gates’s Net Worth
According to Forbes, Gates has a net worth of $122 billion. Most of Gates’s wealth is derived from Cascade Investment, a holding company created with the proceeds of Microsoft stock sales and dividends.
Gates has increased his fortune from Microsoft into diversified investments that include green technology like zero-carbon energy. His other investments include the Canadian National Railway and Autonation. He is also one of the largest owners of farmland in the US.
His hydrogen-powered concept yacht reflects his intentions to invest in green technology. The 118m yacht is currently under construction in the Netherlands.
The yacht is reportedly worth $644 million. He also owns a support vessel, Wayfinder, and two private jets, a Gulfstream G650 (N887WM) and Gulfstream G650 (N194WM). His private residence is registered as Medina Mansion Xanadu 2.0, situated in Washington, overlooking Lake Washington. The home is worth $125 million.
Bill Gates enrolled in Harvard after scoring 1590 on his SATs. He had developed an interest in computers after attending Seattle’s Lakeside School, a prestigious private school.
Paul Allen, a fellow Lakeside alum, persuaded his friend to take a leave of absence and work on an operating system for the Altair 8800, the newest computer developed by Micro Instrumentation & Telemetry Systems.
The result was Microsoft, the world’s largest software maker. The company was co-founded by the pair in 1975. Allen walked away from the company in 1983 with his shares intact, making him a billionaire when Microsoft went public.
In March 2020, Gates stepped down as director of Microsoft, and his stake was undisclosed. He reportedly owned 1% of the software company at that time.
Gates married Melinda French in 1994. She was a Microsoft employee who Gates had met seven years earlier at a New York press event. The couple share three children, Jennifer Katharine Gates, Phoebe Adele Gates, and Rory John Gates.
In 2021, the couple told the public that they were separating. Melinda received $5.7 billion of public company shares as a divorce settlement.
In 2000, Gates decided to step down as Chief Executive Officer of Microsoft to focus more of his energy on philanthropy. He and his wife began the Bill & Melinda Gates Foundation and have donated $35.8 billion of Microsoft stock.
The charity is focused on eradicating poverty, medical research, education initiative, and more worldwide intervention.
President Obama awarded him the Presidential medial of Freedom in 2016.