How did Bill Gates make his fortune?

Bill Gates is the second richest person in the world. His net worth is more than $ 93 billion [as of December 2018]. If Gates gives everyone in the world $ 10, he will still have more than $ 20 billion.

Gates became the world’s youngest self-made billionaire in history at the age of 31. He holds the title until 2008, when Mark Zuckerberg, 23, revoked it.

Gates spends his fortune on everything from luxury cars to caring for his favorite tree, but his primary goal is to help the world.

Bill Gates got an early start to build his fortune. At the age of only 17, he sold his first computer program.

It is a timetable system, for his own high school for $ 4,200.

Bill Gates and Paul Allen, childhood friends, founded Microsoft in 1975.

In 1980, Microsoft developed an operating system for IBM’s first PC.

The system, MS-DOS, quickly became one of Microsoft’s most profitable products as it evolved into what would be the operating system for almost every computer.

When Microsoft’s shares were offered, the company was worth $ 61 million and Gates made $ 1.6 million in shares.

His remaining 45% stake in the company became $ 350 million.

At just 30 years old, Gates was already one of the richest people in America.

In 1990, Microsoft released another very successful product, Microsoft Office, which remains one of Microsoft’s largest products today, 30 years after its release.
When Windows 95 was launched in 1995.

Gates became the richest man in the world, staying there until Warren Buffett reached first place in 2008, which was signed by Jeff Bezos in 2017.

In 1999, at the height of the dot com boom, Bill Gates’s wealth briefly exceeded $ 100 billion.

But it wasn’t always smooth sailing for Gates.

In 2000, he resigned as CEO while Microsoft was involved in an antitrust lawsuit filed by the Department of Justice.

After a ruling that the company has violated antitrust law, Microsoft’s share price fell by 14%. It took about 15 years to recover Microsoft. But since then, the company has made strong progress.

In 2018, Microsoft made its first sales of $ 100 billion and ended the year as the most valuable company that surpassed both Apple and Amazon.

Bill Gates has already sold or donated most of Microsoft’s shares. He has donated more than $ 35.8 billion of his shares at this point.

He currently owns only more than 1% of Microsoft’s shares, but it is estimated that 1% is about $ 7.3 billion. Although perhaps no longer the richest man in the world, Bill Gates is still in good shape.

The charity founded by Gates and his wife Melinda, the Bill and Melinda Gates Foundation, is the largest private charity in the world.

It owns more than $ 50 billion of assets and has donated $ 40 billion to various global education and health initiatives over the years.

In 2010, Bill and Melinda Gates teamed up with Warren Buffett to create The Giving Pledge. Those who join the commitment to donate half of their wealth to charities.

Although Gates is certainly dedicated to charity, he is not ashamed to spend his money on the things he loves, such as luxury cars. For his first car, Gates bought a Porsche 911.

It was his first big surprise with his money from Microsoft, not a surprise choice given Gates’s love of speed in the New Mexico desert, where Microsoft was at the time.

During the early days of Microsoft in the 1970s, Gates became famous for collecting speed tickets.

He said that the speed in the desert helped cleanse his head, and he was arrested once, which led to the appearance of this shameful image now.

Gates has collected a number of luxury cars over the years, including Ferrari 348 and Jaguar XJ6.

His passion for luxury cars extends beyond cars. In 1997, he bought a plane worth $ 21 million. Recently, Gates rented a yacht for $ 5 million a week for a family vacation in the Mediterranean.

But what is most impressive is the Gates real estate portfolio. Through his personal investment company Cascade, Gates owns nearly half of the Four Seasons Holdings chain.

He also has partial ownership of the Charles Hotel in Cambridge, Massachusetts.

In 2009, Gates bought a $ 9 million ranch in Wyoming that was owned by Buffalo Bill.

In 2013, he bought a 4.5-acre farm in South Florida for $ 8.7 million.

Three years later, it makes headlines for the purchase of three neighboring properties for $ 18 million.

Gates spent another $ 18 million on Jenny Craig’s farm in southern California.

Gates famously allocated seven years and $ 63 million to build a huge high-tech building in Medina, Washington, which also includes Jeff Bezos.

He named his possession, Xanadu 2.0 after Charles Foster Kane’s house in “Citizen Kane”.

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Hassan Hadaoui
Hassan Hadaoui
Writer and Economist
BC XTB

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