WORLD RICHEST MANS William Gates III
Age: 50
Fortune: self made
Source: Microsoft
Net Worth: 50.0
Country Of Citizenship: United States
Residence: Medina, Washington, United States, North America
Industry: Software
Marital Status: married, 3 childrenHarvard University, Drop OutMicrosoft's chief visionary moving further away from day-to-day corporate work. For the first time did not offer a strategy outlook at last year's financial analyst meeting. Instead, prefers to dive into innovative projects, foster collaboration among Microsoft's many divisions. Microsoft aims to be omnipotent, selling software for PCs, servers, cell phones, television set-top boxes, gaming consoles, the Web. At the ripe (tech sector) age of 30, Gates' company impressively beats rivals in profit margins, market capitalization and R&D budget, but its sales growth is slowing to a (recently) single-digit percentage pace. Like elder statesman of computing, IBM, has been investing heavily in its own stock. Diversifies methodically, selling 20 million shares every quarter, reinvesting through Cascade Investment. Big stakes in Canadian National Railway, Republic Services, Berkshire Hathaway. Philanthropy, via $29 billion Bill & Melinda Gates Foundation, aimed at fighting infectious disease (hepatitis B, AIDS, malaria) and improving high schools
William Henry Gates III (born October 28, 1955 in Seattle, Washington) is an American entrepreneur and the co-founder, chairman, former chief software architect, and former CEO of Microsoft, the world's largest software company. Forbes magazine's list of The World's Billionaires has ranked him as the richest person in the world for the last thirteen consecutive years,[2] and recent estimates put his net worth near $56 billion. When family wealth is considered, his family ranks second behind the Walton family.
Gates is one of the best-known entrepreneurs of the personal computer revolution. Although he is widely respected by people who see his wealth as a product of intelligence and foresight, his business tactics have often been criticized as unethical or anti-competitive, and have, in some instances, been ruled as such in court. Since amassing his fortune, Gates has pursued a number of philanthropic endeavors, donating large amounts of money to various charitable organizations and scientific research programs through the Bill & Melinda Gates Foundation, established in 2000.
William Henry Gates III was born in Seattle, Washington to William H. Gates, Jr. (now Sr.) and Mary Maxwell Gates. His family was wealthy; his father was a prominent lawyer, his mother served on the board of directors for First Interstate Bank and the United Way, and her father, J. W. Maxwell, was a national bank president. Gates has one older sister, Kristi (Kristianne), and one younger sister, Libby. He was the fourth of his name in his family, but was known as William Gates III or "Trey" because his father had dropped his own "III" suffix.[ Several writers claim that Maxwell set up a million-dollar trust fund for Gates.[10] A 1993 biographer who interviewed both Gates and his parents (among other sources) found no evidence of this and dismissed it as one of the "fictions" surrounding Gates's fortune. Gates denied the trust fund story in a 1994 interview[ and indirectly in his 1995 book The Road Ahead.
Gates excelled in elementary school, particularly in mathematics and the sciences. At thirteen he enrolled in the Lakeside School, Seattle's most exclusive preparatory school where tuition in 1967 was $5,000 (Harvard tuition that year was $1,760). When he was in the eighth grade, the school mothers used proceeds from a rummage sale to buy Lakeside an ASR-33 teletype terminal and a block of computer time on a General Electric computer. Gates took an interest in programming the GE system in BASIC and was excused from math classes to pursue his interest. After the Mothers Club donation was exhausted he and other students sought time on other systems, including DEC PDP minicomputers. One of these systems was a PDP-10 belonging to Computer Center Corporation, which banned the Lakeside students for the summer after it caught them exploiting bugs in the operating system to obtain free computer time.
At the end of the ban, the Lakeside students (Gates, Paul Allen, Ric Weiland, and Kent Evans) offered to find bugs in CCC's software in exchange for free computer time. Rather than use the system via teletype, Gates went to CCC's offices and studied source code for various programs that ran on the system, not only in BASIC but FORTRAN, LISP, and machine language as well. The arrangement with CCC continued until 1970, when it went out of business. The following year Information Sciences Inc. hired the Lakeside students to write a payroll program in COBOL, providing them not only computer time but royalties as well. At age 14, Gates also formed a venture with Allen, called Traf-O-Data, to make traffic counters based on the Intel 8008 processor. That first year he made $20,000, however when his age was found out they lost a lot of business.
As a youth, Bill Gates was active in the Boy Scouts of America where he achieved its second highest rank, Life Scout.
According to a press inquiry, Bill Gates stated that he scored 1590 on his SATs. He enrolled at Harvard University in the fall of 1973 intending to get a pre-law degree,[16] but did not have a definite study plan While at Harvard he met his future business partner, Steve Ballmer.
Gates married Melinda French of Dallas, Texas on January 1, 1994. They have three children: Jennifer Katharine Gates (1996), Rory John Gates (1999) and Phoebe Adele Gates (2002). Bill Gates' house is one of the most expensive houses in the world, and is a modern 21st century earth-sheltered home in the side of a hill overlooking Lake Washington in Medina, Washington. According to King County public records, as of 2006, the total assessed value of the property (land and house) is $125 million, and the annual property tax is just under $1 million. Also among Gates' private acquisitions is the Codex Leicester, a collection of writings by Leonardo da Vinci, which Gates bought for USD $30.8 million at an auction in 1994.[42]
Gates's e-mail address has been widely publicized, and he received as many as 4,000,000 e-mails per day in 2004, most of which were spam. He has almost an entire department devoted to filtering out junk emails. Gates says that most of this junk mail "offers to help [him] get out of debt or get rich quick", which "would be funny if it weren't so irritating".
Wealth and investments
Gates has been number one on the "Forbes 400" list from 1993 through to 2006 and number one on Forbes list of "The World's Richest People" from 1995 to 2006 with around 50 billion U.S. dollars. In 1999, Gates's wealth briefly surpassed $100 billion causing him to be referred to in the media as a "centibillionaire". Since 2000 the nominal value of his Microsoft holdings has declined due to a fall in Microsoft's stock price after the dot-com bubble and the multi-billion dollar donations he has made to his charitable foundations. In May 2006, Gates said in an interview that he wished that he were not the richest man in the world, stating that he disliked the attention it brought.
Gates has several investments outside Microsoft. He founded Corbis, a digital imaging company, in 1989. In 2004 he became a director of Berkshire Hathaway, the investment company headed by longtime friend Warren Buffett.[47] He is a client of Cascade Investment Group, a wealth management firm with diverse holdings.
Philanthropy
Gates in Poland, 2006
In 2000, Gates founded the Bill & Melinda Gates Foundation, a charitable organization, with his wife. Bill Gates Sr. has credited David Rockefeller's generosity and extensive philanthropy as an influence on his son. The two of them met several times with him and have modeled their giving in part on the Rockefeller family's philanthropic focus on global problems being ignored by governments and other organizations.
The foundation's grants have provided funds for college scholarships for under-represented minorities, AIDS prevention, diseases prevalent in third world countries, and other causes. In 2000, the Gates Foundation endowed the University of Cambridge with $210 million for the Gates Cambridge Scholarships. The Foundation has also pledged over $7 billion to its various causes, including $1 billion to the United Negro College Fund. According to a 2004 Forbes magazine article, Gates gave away over $29 billion to charities from 2000 onwards. These donations are usually cited as sparking a substantial change in attitudes towards philanthropy among the very rich, with philanthropy becoming the norm.
In 2001, Lima starred in BMW Films short, The Follow alongside actors Mickey Rourke
Lima has admitted that she was "shy" around boys when she was younger, and can still to this day freeze when she's around them. She got her first kiss at 17 years old, and has told reporters that she's only been in 3 relationships (not counting the one she's currently in with Denny).
