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Does Bezos' Move Make Sense?

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Does Bezos' Move Make Sense?

Bill Gates
Head and shoulders photo of Bill Gates
Gates in 2017
Born
William Henry Gates III

(1955-10-28) October 28, 1955 (age 65)
EducationHarvard University (dropped out)
Occupation
  • Software developer
  • investor
  • entrepreneur
Years active1975–present
Known forCo-founding Microsoft
Net worthUS$136.6 billion (February 2021)[1]
Title
Spouse(s)
(m. 1994)
Children3
Parent(s)Bill Gates Sr.
Mary Maxwell
Websitewww.gatesnotes.com
Signature
Gates' signature

William Henry Gates III (born October 28, 1955) is an American business magnate, software developer, investor, author, and philanthropist. He is a co-founder of Microsoft Corporation.[2][3] During his career at Microsoft, Gates held the positions of chairman, chief executive officer (CEO), president and chief software architect, while also being the largest individual shareholder until May 2014. He is one of the best-known entrepreneurs and pioneers of the microcomputer revolution of the 1970s and 1980s.

Gates was born and raised in Seattle, Washington. In 1975, he co-founded Microsoft with childhood friend Paul Allen in Albuquerque, New Mexico; it went on to become the world's largest personal computer software company.[4][a] Gates led the company as chairman and CEO until stepping down as CEO in January 2000, but he remained chairman and became chief software architect.[7] During the late 1990s, he had been criticized for his business tactics, which have been considered anti-competitive. This opinion has been upheld by numerous court rulings.[8] In June 2006, Gates announced that he would be transitioning to a part-time role at Microsoft and full-time work at the Bill & Melinda Gates Foundation, the private charitable foundation that he and his wife, Melinda Gates, established in 2000.[9] He gradually transferred his duties to Ray Ozzie and Craig Mundie.[10] He stepped down as chairman of Microsoft in February 2014 and assumed a new post as technology adviser to support the newly appointed CEO Satya Nadella.[11] In March 2020, Gates left his board positions at Microsoft and Berkshire Hathaway to focus on his philanthropic endeavors including climate change, global health and development, and education.[12]

Since 1987, he has been included in the Forbes list of the world's wealthiest people.[13][14] From 1995 to 2017, he held the Forbes title of the richest person in the world all but four of those years.[15] In October 2017, he was surpassed by Amazon founder and CEO Jeff Bezos, who had an estimated net worth of US$90.6 billion compared to Gates's net worth of US$89.9 billion at the time.[16] As of January 2021, Gates had an estimated net worth of US$163 billion, making him the third-richest person in the world.[17]

Later in his career and since leaving day-to-day operations at Microsoft in 2008, Gates has pursued a number of philanthropic endeavors. He has given sizable amounts of money to various charitable organizations and scientific research programs through the Bill & Melinda Gates Foundation, reported to be the world's largest private charity.[18] In 2009, Gates and Warren Buffett founded The Giving Pledge, whereby they and other billionaires pledge to give at least half of their wealth to philanthropy.[19]

  1. ^ "Bloomberg Billionaire Index: Bill Gates". Bloomberg. Retrieved February 18, 2021.
  2. ^ Manes 1994, p. 11.
  3. ^ "Bill Gates (American computer programmer, businessman, and philanthropist)". Archived from the original on March 28, 2013. Retrieved March 20, 2013.
  4. ^ Sheridan, Patrick (May 2, 2014). "Bill Gates no longer Microsoft's biggest shareholder". CNN Money. Archived from the original on August 20, 2014. Retrieved August 22, 2014.
  5. ^ MSFT (Holdings), NASDAQ, archived from the original on October 19, 2011, retrieved April 10, 2016
  6. ^ MSFT (Symbol), NASDAQ, archived from the original on April 8, 2016, retrieved April 10, 2016
  7. ^ Einstein, David (January 13, 2000). "Gates steps down as Microsoft CEO". forbes.com. Archived from the original on January 26, 2016. Retrieved January 21, 2016.
  8. ^ Lesinski 2006, p. 96; Manes 1994, p. 459.
  9. ^ "Microsoft Chairman Gates to leave day-to-day role". money.cnn.com. Archived from the original on January 30, 2016. Retrieved January 21, 2016.
  10. ^ "Bill Gates | Development of Information and Knowledge Management". tlu.ee. Archived from the original on January 26, 2016. Retrieved January 21, 2016.
  11. ^ Cite error: The named reference :2 was invoked but never defined (see the help page).
  12. ^ Haselton, Todd (March 13, 2020). "Bill Gates leaves Microsoft board". CNBC. Retrieved March 13, 2020.
  13. ^ "Why Putin Isn't on 'Forbes' Billionaires List". Newsweek. Archived from the original on October 20, 2017.
  14. ^ Thibault, Marie (January 19, 2010). "The Next Bill Gates". Forbes. Archived from the original on July 19, 2012. Retrieved December 20, 2010.
  15. ^ "Billionaires #2 Bill Gates". Forbes. March 5, 2019. Retrieved April 5, 2020.
  16. ^ "Amazon CEO Jeff Bezos Is The Richest Person In The World-Again". Forbes. Archived from the original on March 11, 2018.
  17. ^ Desjardins, Jeff (January 7, 2021). "Elon Musk is the World's Richest Person in 2021". Visual Capitalist. Retrieved January 27, 2021.
  18. ^ Neate, Rupert (August 15, 2017). "Bill Gates gives $4.6bn to charity in biggest donation since 2000". The Guardian. London. Retrieved April 10, 2018.
  19. ^ "The $600 billion challenge". Fortune. Archived from the original on March 16, 2017. Retrieved April 16, 2017.


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