He intends to give the majority of his wealth to charity, a commitment he reaffirmed by signing the Giving Pledge in 2010. Six years later, after his Microsoft stake topped $100 billion, Gates stepped down as the company's chief executive and began focusing on philanthropic efforts through the Bill & Melinda Gates Foundation. In 1994, Gates married Melinda French, a Microsoft employee whom he had met seven years earlier at a press event in New York. Bill Gates’ annual summer reading list has a theme for 2021: the complicated relationship between humanity and nature, he.
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The result: Microsoft, now the world's largest software maker by revenue. Bill Gates with the books he recommends for summer reading, 2021. A liability of $14 billion is included in the analysis to reflect the outstanding amount.īridgitt Arnold, a spokeswoman for Gates, said he declined to comment on his net worth.īorn to successful parents - his father was a lawyer, his mother was president of the local United Way - Gates developed an interest in computers shortly after his admittance to Seattle's Lakeside School.Īfter scoring a 1590 on his SATs (out of a possible 1600), he enrolled at Harvard University, where his Lakeside friend, Paul Allen, persuaded him to take a leave of absence to help him build an operating system for the Altair 8800, a new computer developed by Micro Instrumentation & Telemetry Systems. Entrepreneur Bill Gates founded the worlds largest software business, Microsoft, with Paul Allen, and subsequently became one of the richest men in the world. At least $6 billion in shares was donated in the same month, according to company filings. In July 2022, Gates said he would give $20 billion to his foundation, including the $15 billion he had previously pledged.
Company filings around the time of the announcement showed a transfer of more than $5 billion in stocks to Melinda Gates and these have been removed from this analysis. Shares held by the Bill & Melinda Gates Foundation, a charitable enterprise that supports poverty eradication, medical research and education initiatives, aren't included in his net worth calculation.īill and Melinda Gates announced in 2021 an intention to divorce. He stepped down as a director of Microsoft in March 2020 and his stake is not disclosed in subsequent proxy statements. He has about 1.4% of Microsoft, the world's largest software maker, according to the company's website. Cascade also owns stakes in dozens of public companies, which are valued individually using disclosed sharecounts. For Eva Nangalo, saving mothers and babies is a calling. It includes the value of Cascade's investments in closely held businesses, including real estate and energy assets. On International Day of the Midwife, I’m thinking about Eva Nangaloa tireless advocate for mothers and babies and the next generation of trained midwives in Uganda. Market performance is based on a hybrid of indexes that capture sectors including hedge funds, bonds and equities. He dropped out of college to start Microsoft with his childhood friend Paul Allen. He grew up in Seattle, Washington, with an amazing and supportive family who encouraged his interest in computers at an early age.
The value of Cascade is based on an analysis of asset sales and purchases, taxes and market performance. Bill Gates is a technologist, business leader, and philanthropist. In January Fortune reported that Microsoft had invested a further $10 billion in Sam Altman’s company, following the $1 billion pledged in 2019, and another $2 billion which it quietly put into OpenAI in 2021.The majority of Gates's fortune is derived from Cascade Investment, a holding company that was created with the proceeds of Microsoft stock sales and dividends.īased on an analysis of Bloomberg data, Gates has received more than $56 billion in stock and dividends from Microsoft and other companies, including a $3.3 billion payout from Microsoft in 2004, which he donated to his philanthropic foundation. The company already has its foot in the door with a major disrupter in the tech sector, ChatGPT creator OpenAI. The key phrase was mentioned some 50 times on the earnings call, JPMorgan counted, highlighting the business’s drive to stay ahead in the large language model (LLM) race. On an earnings call earlier this week the tech giant’s CEO, Satya Nadella, and his executive team revealed revenue had leapt by 7% to $52.9 billion.įigures like a 10% increase in operating income to $22.4 billion are above analysts’ expectations, with the business highlighting growth in divisions like LinkedIn (where revenue is up 8%), Microsoft 365 Consumer (where subscribers grew to 65.4 million), and cloud service products like Azure (revenue growing 17%).Īnd on top of the figures came a focus on the topic of the moment: A.I.
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