Bill Gates is an American co-founder and former CEO of Microsoft. He is a businessman, author, and philanthropist worth 114 Billion USD. Over the past years, Gate has been the richest man in the World. Today, he’s among the top 10 richest people in the World.
Bill is a self-made billionaire who is famously known for his Microsoft Company. Mr. Gates’s wealth has been dependent on Microsoft’s profit. He has sold billion worth of Microsoft shares in the previous years. However, today he owns less than 1.3% of Microsoft.
Bill has been the richest in the World for more than 20 years. Because of this, people from different parts of the World are yearning to learn more about him. This article will discuss Bill Gates’s career, net worth, real estate, and houses.
Bill Gates’s Net Worth
As you probably know, Bill Gates is among the richest billionaires of all time. Bill’s net worth is estimated to be around 114 Billion USD. A high percentage of his net worth is comprised of Microsoft Company shares.
Besides Microsoft, Bill has ventured into numerous income-generating business that improves his net worth. He owns one of the private-held vehicle investments, Cascade Investment LLC. However, his net worth was greatly affected in 2021 after his divorce from Melinda.
Let us break down Gates’s net worth distribution in the past five years.
|2023||114 Billion USD|
|2022||145 Billion USD|
|2021||130 Billion USD|
|2020||121 Billion USD|
|2019||117 Billion USD|
Bill Gates’s Net Worth Graph
William Henry Gates (Bill) was born on October 28, 1955. He was raised in Seattle, Washington. He was the son of Mary Maxwell Gates and William Henry Gates. He came from German, English, and Scots-Irish ancestry.
During his childhood, his father was a lawyer, whereas his mother, Mary Maxwell, was a member of the board of directors for the First Interstate BancSystem and United Way of America. Gates has two siblings: Kristianne and Libby.
His family resided in the Sand Point area of Seattle. At age 7, his family was forced to relocate after a tornado damaged their home. He was a believer and an active member of the Congregational Christian Church.
At age 13, he attended Lakeside Prep School for his early education. He wrote his first computer program. Later, when he was in grade 8, the Mother’s Club at the School purchased a Model 33 ASR terminal and a Block of computer time (General Electric (GE) Computer).
Bill became interested in programming. He wrote his first program on the Generic Electric Computer, a tic-tac-toe game. The game made him famous within the School. However, Bill and his friend were banned from using the computers after some time.
In 1971, one of their teachers asked Evans and Gates to develop a program to automate class schedules. Unfortunately, before they had completed the project, Evans died in a mountain climbing accident. After the death of Evans, Gates turned to Allen to help him develop the system.
In 1973, he enrolled at Harvard College and chose mathematics and graduate-level computer science. However, Gates dropped out of the university in his second year of study. While still a student at Harvard, he met with Steve Ballmer.
Gates’s love for programming set off while he was still young. He introduced a game, a tic-tac-toe game. In his early life, he enrolled at Lakeside Prep School. During this time, he had coding tools and General Electric Computers.
In university, he specialized in his career courses, mathematics and computer science. Later, he participated in developing an automated class scheduling system. In 1975, he dropped out of university to focus on programming.
Shortly after he dropped out of School, the MITS Altair 8800 based on Intel 8080 was introduced. Gates and Allen saw this as a great opportunity to develop their computer software company. Thus, on November 1976, they launched Microsoft Company.
In 1985, Microsoft Company launched its first retail version. In 1987, Microsoft Company, led by Bill Gates, partnered with IBM and developed the OS/2 operating system. Gates became the new CEO of the Company and the co-founder.
Later, Bill gates step down as the CEO of Microsoft. Steve Ballmer, who was his University mate, replaced him. He focused on philanthropic works and other business ventures.
Microsoft is part of our day-to-day tool. Bill Gates played a vital role in founding the software company. Together with Allen, they launched Microsoft in 1976. The Microsoft company launched its debut version in 1985.
In 1986, the window version was released to the public. The opening stock price of the version was $21, and at the close of the trading day, the closing price was $27.75. At that time, Bill Gates owned a 45% share of the Company, which translated to $350 million.
In 2006, Bill announced that he would quit his day-to-day role in the Microsoft Company. He wanted to dedicate more of his time to philanthropic works. Later in 2020, he announced that he would as well quit as the Chairman of Microsoft.
Bill is a father, reader, golf, and tennis player outside the business. Both have three children; Jennifer, Rory, and Phoebe. In January 1987, Gates got married to Melinda. Melinda began working at Microsoft as the General Manager of Information Products in 1996.
Due to his love of reading, Bill purchased Codex Leicester. The collection of scientific writings was worth $30 million.
In 2000, Bill Gates and her wife, Melinda, came up with a charitable organization, Bill & Melinda Gates Foundation. The organization is the largest private-held and transparently operated organization in the World. The goal of the organization was to eradicate infectious diseases and poverty.
On May 2021, Gates divorced his 27 years wife, Melinda. However, they said they’ll continue working together on their charitable organization.
Bill’s Sources of Wealth
Bill Gates has several sources of wealth. However, Microsoft, where he’s the co-founder, is his primary source of income. At the beginning of the Company, Gates had the highest shares. For example, during the launching of the new version in 1986, Gates had a 45% share of the Company, which translated to $350 million during the first trading day.
So far, Bill has sold more than $40 billion in Microsoft stock and received more than $12 billion in dividends. Today, Bill owns at least 1.3% shares in Microsoft Company. Thus, he earns more than $250 million monthly from the Company.
Besides Microsoft, Bill has invested in the Vehicle industry. He’s the CEO of the Cascade Investment LLC. The vehicle investment a huge role in his net worth as it contributes to more than $50 million per month.
Let’s summarize Bill Gates’s earnings:
- Monthly Income and Salary – $330 million
- Annual Income and Salary – $4 Billion
- Hourly income and salary – $450,625
The billionaire owns several properties and houses in America and other countries in the World. In 2009, Bill Gates purchased a horse ranch, which William Cody previously owned. The property had a racetrack and orchard. Due to its luxurious nature, it cost him $8.9 million.
In 2013, Gates purchased yet another horse ranch. The second ranch was located in Wellington and was worth $8.7 million. In 2014, Bill purchased his 228 properties in Racho Sante Fe, California. The estate cost him more than $18 million.
In 2020, Gates and Melinda purchased a stately oceanfront mansion in Del Mar, Ca. They bought the mansion at $43 million. The mansion previously belonged to a billionaire and investor, Boone Pickens.
In addition, Gates owns commercial properties in different places. He owns Charles Hotel, which is located in Cambridge, Massachusetts. He has another commercial property in Ritz Carlton, San Francisco.
Let’s Summarize the Real estate owned by Bill Gates.
Bill Gate’s Car Collection
Let us examine Bill’s car garage:
Bill owns two Gulfstream G650 private jets, each worth $70 million.
Bill’s net worth and Biography Summary
|Date of Birth||October 28, 1955|
|Net worth||114 Billion USD|
|Profession||Entrepreneur, Programmer, and Investor|
|Birth Place||Seattle, Washington|
|No of Children||Three|
|Hair Color||Dark Brown|
|Eye Color||Dark Brown|
Frequently Asked Questions
1. What is the net worth of Bill Gates?
As you probably know, Bill Gates is among the richest billionaires of all time. Bill’s net worth is estimated to be around 114 Billion USD.
2. How old is Gates?
William Henry Gates(Bill Gates) was born on October 28, 1955. Currently, he’s 67 years old.
3. What is the IQ of Bill Gates?
Bill Gates is one of the brightest human beings on earth. His IQ is 160.
Therefore, Bill Gates is among the richest and most influential people in the World. He’s an American co-founder and former CEO of Microsoft. He is a businessman, author, and philanthropist worth 114 Billion USD. However, his net worth experienced setbacks after the divorce case in 2021.