Bill Gates Net Worth
|Net Worth:||$109. 9 Billion|
|Nick Name:||Bill Gates|
|Real Name:||William Henry Gates III|
|Born:||October 28, 1955|
|Country of Origin:||United States of America|
|Source of Wealth:||Professional Software developer/investor/entrepreneur|
Bill Gates’ Net Worth
As of 2020, Bill Gates’ net worth is estimated to be roughly 109. 9 Billion dollars, according to Forbes.
Bill Gates Overviews
William Henry Gates III is an American business magnate, software developer, investor, and philanthropist. He was born in Seattle, Washington, to William H. Gates Sr. (b. 1925) and Mary Maxwell Gates (1929–1994).
How is Bill Gates so rich?
Bill Gates is famously known as the co-founder of Microsoft Corporation, and he is the second richest man on the planet. In 1975, He and his childhood friend Paul Allen founded Microsoft in Albuquerque, New Mexico, which has become the largest PC software company in the world. During Gates’s career at Microsoft, he was CEO, chairman, president, and chief software architect. Bill Gates was also the largest individual shareholder until May 2014.
In February of 2014, He stepped down as chairman of Microsoft and assumed a technology adviser position to support the newly appointed CEO Satya Nadella.
He was ranked the wealthiest person in the world in 1995 and held that title until 2007. In 2009, he became the wealthiest person in the world again. According to Forbes, he held the richest person in the world again in 2013 and remained there until 2017, when Jeff Bezos, the Amazon founder, and CEO took the position and has since remained number one.
Most of Bill Gates’s assets are kept in Cascade Investment LLC, an holding and investment company founded by him in 1995, through which he owns stakes in numerous businesses, including Four Seasons Hotels and Resorts, and Corbis Corp.
After taking a step back from Microsoft, he focused more on philanthropic works and improved various areas of the world struggles, specifically through the Bill & Melinda Gates Foundation (BMGF). The foundation was launched in the year 2000. The purpose of the foundation is to enhance healthcare, reduce extreme poverty globally, and expand educational opportunities, including access to information technology in the United States.
The foundation is currently reported to be the largest private foundation in the world, holding $46.8 billion in assets. The foundation is run by Bill and Melinda Gates and Warren Buffett.
In 2009, he founded The Giving Pledge with Warren Buffett. The purpose of the pledge is to encourage other billionaires to give at least half of their wealth to philanthropic works. So far, the pledges made are a total of over One Trillion USD.
As of 2020, Bill Gates’ net worth is roughly 109. 9 Billion dollars.