Bill Gates Net Worth 2022: More Bill Gates Real Estate | Does Bill Gates Possess a Private Jet?
Bill Gates has put the “bill” in “billionaire” for decades. As the founder of Microsoft, the 65-year-old tech titan was the richest person on the planet from 1995 to 2010, and again from 2013 to 2017.
Bio
| Salary: | $1 Million |
| Date of Birth: | Oct 28, 1955 (66 years old) |
| Gender: | Male |
| Height: | 5 ft 10 in (1.78 m) |
| Profession: | Entrepreneur, Programmer, Businessperson, Investor, Software Architect |
| Nationality: | United States of America |
Early Years
William Henry Gates III was born in Seattle, Washington on October 28, 1955. As a child, Gates was victimized by bullies.
He liked to remain in his room, where he would respond to his mother’s inquiries with “I’m thinking” At age 13, he enrolled in the prestigious Lakeside preparatory school and wrote his first computer program.
In his first year at Lakeside, he was in eighth grade, and the school’s Mother’s Club purchased a Teletype Model 33 ASR terminal and time on a GE computer using money from a fundraiser.
Gates developed an interest in BASIC programming for the GE computer. On this computer, he built his first program, a tic-tac-toe game. The players competed against the computer.
Gates and his buddies Paul Allen, Ric Weiland, and Kent Evans were eventually forbidden from using the school’s computer after they were detected exploiting operating system flaws to gain access to the machine for free. To earn money, the four students founded the Lakeside Programmers Club.
When their prohibition was lifted, the boys offered to find software bugs in exchange for more computer use. Gates began learning computer programming languages, such as Fortran, Lisp, and machine language.
A teacher at Lakeside requested that Gates and Evans automate the school’s class scheduling system in 1971. The buddies created a software with a twist: Gates altered the code to place him in classes with a greater proportion of attractive women.
Gates and Evans desired to get the new system operational by the end of their senior year. Then, at the end of their junior year, Evans died in an accident while mountain climbing. Gates went to Allen for assistance in completing the Lakeside project.
During their senior year, Gates and Allen founded the company Traf-O-Data and used the Intel 8008 processor to manufacture traffic counters. In the fall of 1973, he graduated from Lakeside School and enrolled at Harvard.
At Harvard, Gates attended math and computer science courses for graduate students. He met Steve Ballmer at Harvard. Gates left college at the conclusion of his sophomore year.
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Financial Details
Since the company’s IPO in 1986, Bill Gates has sold at least $40 billion in Microsoft stock and collected approximately $12 billion in dividends.
He utilized the funds to establish Cascade Investment, a holding firm that has continued to expand and includes assets in companies such as Canadian National Railway and AutoNation.
In 2004, Gates donated the $3.3 billion payout he earned to the Bill & Melinda Gates Foundation, demonstrating his generosity. He still has a 1.3% interest in Microsoft.
How Much Does Bill Gates Have in Net Worth?
Bill Gates is an American business entrepreneur, philanthropist, former chairman and chief executive officer of Microsoft, and author. At the time of writing, Bill Gates had a net worth of $118 billion.
Throughout the majority of the last two decades, Bill Gates has been the richest person on the planet.
In July of 2017, when Amazon founder Jeff Bezos surpassed him, he fell to second place globally in terms of wealth. Currently, he is consistently one of the five wealthiest individuals on the earth.
Bill Gates and Paul Allen co-founded the software company Microsoft, and Gates is recognized as one of the personal computer revolution’s pioneering entrepreneurs. Currently, he owns less than 1.3% of Microsoft.
He has sold Microsoft shares for tens of billions of dollars over the years. Cascade Investment LLC, the company through which Gates invests in hundreds of other firms, has been financed by the revenues of his sales.
Does Bill Gates Possess a Private Jet?
Gates is a member of the private jet firm NetJets, and it is believed he owns at least one private jet.
Personal Life
Melinda French began working for Microsoft’s product development group in 1987. She and Bill were sitting next to one another at a business dinner at some time.
Soon after, Bill called Melinda to ask her out on a date. Melinda attained the position of General Manager of Information Products over time. She remained employed with Microsoft until 1996.
On January 1, 1994, Bill and Melinda were married on a golf course on the Hawaiian island of Lanai. Phoebe Adele, Rory John, and Jennifer Katharine are their children.
In 1994, Gates paid $30.8 million at auction for the Codex Leicester, a collection of scholarly works by Leonardo da Vinci.
In 2000, Gates and his wife merged three family organizations to form the Bill & Melinda Gates Foundation, the biggest transparently governed nonprofit organization.
Bill and Melinda Gates, together with billionaire Warren Buffett, signed the Giving Pledge on December 9, 2010, pledging to contribute at least fifty percent of their wealth to charity over time.
More Bill Gates Real Estate
Rancho Santa Fe, California: The Gates family paid $18 million in October 2014 for a 228-acre ranch in Rancho Santa Fe, California (near San Diego). They purchased the property from Jenny Craig, a weight loss entrepreneur.
The “Rancho Paseana”-named property is a horse ranch. Jennifer, the daughter of Gates, is an ardent rider. The property includes a racetrack, an orchard, five barns, and a residence for a full-time veterinarian.
Del Mar, California: In April 2020, Bill and Melinda paid $43 million for a beachfront mansion in Del Mar, California, just 15 minutes from their estate in Rancho Santa Fe. They purchased the residence from the widow of the late oil tycoon and investor T. Boone Pickens.
Near 2013, Gates purchased a second horse ranch, this one in Wellington, Florida, for $8.7 million. The family had previously hired the property when in town for Jennifer Gates’ competitions on multiple occasions. They purchased the home due to their adoration for it.
Gates purchased a 492-acre ranch in Cody, Wyoming for an undisclosed sum in 2009. The ranch, formerly owned by William “Buffalo Bill” Cody, was marketed for $12 million initially. It was listed for $8.9 million prior to Bill’s acquisition. The ranch has had only three owners in around 150 years.
Through his investment fund Cascade, Bill Gates owns holdings in a number of prestigious hotels. He owns a portion of the Cambridge, Massachusetts Charles Hotel.
He owns almost fifty percent of the Four Seasons hotels around the globe. He and a group of investors control the San Francisco Ritz Carlton.
Summary
The net wealth of Bill Gates is $118 billion. As of this writing, he is one of the world’s wealthiest individuals. Since Microsoft’s IPO in 1986, Bill’s net worth has increased from $250 million to well over $100 billion.