How did Bill Gates make his millions
Bill Gates: From college dropout to richest person in the world
You don't have to have a perfect academic or professional résumé to become a multi-billionaire; The No. 1 in the current wealth ranking (as of 2017) has impressively proven this.
In this post I introduce you to the richest person in the world. Below, I'll show you how Bill Gates made his fortune in a relatively short period of time.
Again about the background:
The international development organization Oxfam has put the wealth of the super-rich under the microscope and published a list of the richest people in the world.
Bill Gates - The founder of Microsoft
The undisputed number 1 is still Bill Gates. His net worth is estimated at around $ 81.6 billion.
Already since 1994 he has been defending the title of “richest man in the world” almost without a break. From 2016 to 2017 alone, his fortune grew by around $ 2 billion.
William "Bill" Henry Gates III was born on October 28, 1955 in Seattle, Washington.
His success made him rich quickly, so that he last worked full-time at Microsoft in June 2004 and then devoted more time to his foundation for charity.
The question now arises as to how he made his fortune in such a short time.
The first company brings the first successes
When he was 14, Bill Gates founded his first company with his school friend Paul Allen.
At the age of just 15, he was already earning US $ 5,000 from software that was used to measure traffic flows.
Because of his passion for programming, he dropped out of Harvard University and founded Microsoft with Allen on April 4, 1975.
Paul Gardner Allen was born in Seattle on January 21, 1953. He was responsible for enabling Microsoft to buy an operating system cheaply in 1980.
This was the foundation for Microsoft's growth. The big breakthrough came in 1990.
In 2000, Allen stepped down from his position on the board of directors but was asked to continue serving as a strategic advisor to the company.
Today he is mainly active as a businessman, art collector and team owner in North American professional sports.
Allen also benefited from working with Gates: Forbes Magazine ranked him 51st among the richest people in the world. His net worth is estimated at around $ 17.5 billion.
Multi-billionaire at the age of 31
The goal he had set himself to become a millionaire at the age of 30 clearly exceeded Bill Gates: at 31 he was even able to call himself a billionaire.
He is known to be a good tactician and businessman. His ability to foresee the software and hardware developments for the next few years brought him the success he demanded.
He not only keeps his fortune for himself and his wife Melinda Gates, but is also known for his generous donations; In total, he has already donated over US $ 28 billion.
The Bill & Melinda Gates Foundation has an estimated net worth of approximately $ 29 billion.
The organization is mainly committed to the provision of vaccines and various health projects in developing countries in Africa and Asia.
By his own account, Bill Gates intends to donate 90-95% of his total assets by the time he dies. His children should "only" inherit around 10 million US dollars each.
Today, Gates has a high public reputation and reputation for generous donations.
An interesting side note:
Warren Buffett, also a regular in the top 5 ranking of the richest people in the world and a good friend of Bill Gates, pledged a large part of his fortune to the foundation in his will.
My favorite quotes from Gates
Finally, let me share with you my favorite quotes from Bill Gates:
“I don't have any dollars. I own Microsoft stock. It is only through multiplication that a shockingly high number of what I supposedly own through converting them is created. "
“We always overestimate the change that will happen in the next 2 years and underestimate the change that will happen in the next 10 years. Don't let yourself be lulled by doing nothing! "
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