Bill Gates Net Worth – How Rich is He Really?

How rich is Bill Gates?

The American computer programmer, investor and author Bill Gates are one with a capacity of 102.28 billion euros as the second richest person in the world. Bill Gates could be even richer, but he is charitable and donates a lot of his wealth. He says that he doesn’t care if he ever disappears from the lists of the richest people in the world. He will continue to move money into his foundation, thus shrinking his fortune. But we are sure that he will be considered one of the world’s richest people for a long time to come, even if he donates a lot. Due to various investments and many other commitments, Bill Gates will also have a high income in the current year record.

How it all started

The founder of the popular computer company Microsoft was the richest person between 1995 and 2009. From November 2013, Bill Gates was again at the top of the richest people, but then Amazon boss Jeff Bezos replaced him as the richest person in the world for a full 6 hours on July 27, 2017. On October 27, 2017, Gates had to vacate the throne for the Amazon boss finally.

He broke off his studies at Harvard to concentrate entirely on the development of his software company. He then wrote history as a programmer and businessman. The Windows operating system is inextricably linked with his name, and he is at the top of the list of the world’s richest people. He founded the software company in 1975, but Gates left in 2008 to focus more on his charity work. It revolves around the Bill & Melinda Gates Foundation, which Bill supports with many billions of US dollars and wants to help people in the third world. Overall, x would be.

The second richest person in the world – how much money does Bill Gates have?

Currently, Gates can boast this unique title. With reported assets of 102.28 billion euros, the former software tinkerer steadily approaches the 100 billion dollar mark. If you follow the developments of the last few years, the trend is clear. In just 5 years, between 2009 and 2014, Gates more than doubled his fortune, from $ 40 billion to $ 82 billion. The entrepreneur was able to continue to increase his assets precisely because of Microsoft’s increased share price. Between 2013 and 2014 alone, it increased $ 15 billion – 1.5 billion more than Iceland’s 2014 gross domestic product. He overtook his Mexican list competitor Carlos Slim Helo once again and Warren Buffett. Other tech founders such as Larry Ellison, Mark Zuckerberg,  Larry Page or Sergey Brin can also be found in the top 20.

How much does Bill Gates earn?

If Bill Gates were to put his fortune in a bank account, which is assumed to have 3% interest, he would earn 6.5 million euros every day. That would be 270,548 euros per hour, 4,509 euros per minute and 75 euros per second. Yes, you read that right: Bill Gates earns 75 euros per second. This is, of course, a purely hypothetical assumption because the richest man in the world has invested his money a little better and not lying around in the bank account, more on that below.

From college dropout to billionaire company Microsoft

Bill Gates was born William Henry Gates III on October 28, 1955, in Seattle. The addition to the name is genealogical: Although he was the fourth William in the family history since his father has the addition II, the son consequently received the III. William H. Gates II worked successfully as a lawyer. Mother Mary Maxwell-Gates taught in the 1950s and later served on the boards of several large companies. The family’s ancestors come from England, Germany, Ireland and Scotland. Bill Gates has two sisters, Kristianne and Libby.

Bill Gates and his talents as a programmer

Already in school, he stood out for his special talent in the natural sciences and mathematics. When he was 13, he attended the exclusive secondary Lakeside School in Seattle. In eighth grade, he began programming a General Electrics school computer in BASIC. His first program on the device: a digital version of Tic Tac Toe (“Three wins”). As a schoolboy, he gained further experience with other programming languages ​​on larger and more powerful computers. When he was at school, Bill Gates founded the company Traf-O-Data together with school friend Paul Allen. An exclusively developed program for measuring traffic flows brought the young entrepreneurs a proud $ 20,000.

The study, which began in 1973 at the prestigious Harvard University, suffered from Gates’ independent computer activities. He sometimes fell asleep in the math seminars due to the extra night shifts that laid the foundation for Microsoft. In 1975 he broke off his studies and, together with his former classmate and fellow student Allen, concentrated entirely on Microsoft Corporation, founded in the same year. The company developed the MS-DOS operating system for IBM at the beginning of the 1980s, without relinquishing the copyright to IBM. With IBM’s success, Microsoft and Bill Gates – as “the man behind the machine” – became increasingly well known. MS-DOShas have been expanded to include a graphical user interface: Microsoft Windows was born. The first retail version (Windows 1.0) came out on November 20, 1985, and began to revolutionize the world of home computers.

Assets and Activities Outside Microsoft:

Stock sales and donations from Bill Gates

In the spring of 2014, Bill Gates sold 4.6 million Microsoft actions valued at around 186 million dollars. He ceded his position as the largest single shareholder to his business partner and former CEO Steve Ballmer, who now owns the largest share of shares in the group. As early as 2006, Gates announced that he wanted to gradually withdraw from Microsoft’s day-to-day business. Although he is still active as a businessman and entrepreneur, he is also increasingly involved in charitable causes. In August 2017, he sold an additional 64 million shares for a total of $ 4.6 billion, which were immediately donated.

Cascade Investment, L. LC

Half of Bill Gates’ fortune is now in the investment company Cascade Investment, LLC, founded in 1994 and headquartered in Kirkland, Washington. Michael Larson, 56, is the manager, CIO and asset manager of Gates. Since former bond fund manager Larson ran the company, Bill Gates’s net worth has grown from $ 5 billion to around $ 87 billion. Via Cascade, Gates holds shares in companies such as the beverage group Coca-Cola, the agricultural machinery manufacturer Deere & Company and AutoNation, the largest dealer for new and used vehicles in the USA.

Social commitment through the Bill & Melinda Gates Foundation

The Seattle-based Bill & Melinda Gates Foundation emerged in 1999 from a foundation that had existed since 1994. In addition to Bill Gates, his wife Melinda, with whom he has been married since 1994, is the namesake. The foundation is the largest private foundation in the world, with around 1,000 employees and a foundation capital of over 36 billion dollars. Above all, agricultural and medical projects are funded worldwide.

Berkshire Hathaway

Thanks to a generous donation from multi-billionaire Warren Buffett, the Bill & Melinda Gates Foundation owns 82 million shares in the Berkshire Hathaway holding company, valued at $ 10.5 billion. Buffett announced in 2006 that he would give 85% of his total assets to the foundation by the time he died. Bill Gates is also a member of the Berkshire Hathaway Board of Directors.

The Giving Pledge

In August 2010, Bill Gates founded The Giving Pledge with his wife Melinda and Warren Buffett. The goal is to get as many billionaires as possible to speak out in favor of donating half of your wealth to charity. The membership list is populated with prominent entrepreneurs from all countries.

Startups

In addition to the aforementioned, Bill Gates is involved in other companies and, most recently, in establishing companies. For example, Aquion Energy, developer of innovative battery technology, received 55 million dollars. Another $ 35 million went to the German startup Researchgate, a social network for researchers with 2 million members worldwide. The so-called think tank bgC3, an acronym for Bill Gates Catalyst 3, exists for such investments. The company was founded in 2008 to promote advanced scientific, engineering and medical projects.

Bill Gates’ personal life

Since 1994 Bill has been married to the programmer Melinda French. Melinda was the project manager of the Microsoft Bob operating system add-on at the time she met Bill. Together they have a son Rory John and two daughters, Jennifer Katharine and Phoebe Adele. The family lives together in a great property in Medina, on Lake Washington. The luxury villa has a living space of 6100 square meters. Of course, there is a lot of high-tech built into it. The construction time was a proud 7 years, but the dream house is exactly as Bill Gates wanted it to be. Architect James Cutler designed the artwork. The Gates Villa also has a name: “Xanadu 2.0”. Bill Gates’ luxurious home is now worth more than $ 120,000,000. He pays $ 1,000,000 in real estate tax annually.

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