Entrepreneur and businessman Bill Gates (born October 28, 1955) and his partner Paul Allen founded and built the world’s largest software business, Microsoft, through technological innovation, keen business strategy and aggressive business tactics. In the process, Gates became one of the richest men in the world. In February 2014, Gates announced that he was stepping down as Microsoft’s chairman to focus on charitable work at his foundation, the Bill and Melinda Gates Foundation.
In 1994, Bill and Melinda Gates established the William H. Gates Foundation, which was dedicated to supporting education, world health and investment in low-income communities. With Melinda’s influence, Bill had taken an interest in becoming a civic leader in the footsteps of his mother, studying the philanthropic work of American industrial titans Andrew Carnegie and John D. Rockefeller. He realised that he had an obligation to give more of his wealth to charity.
In 2000, the couple combined several family foundations and made a $28 billion contribution to form the Bill & Melinda Gates Foundation.
An Interesting Fact: Despite his immense wealth, Gates says that his kids will inherit only $10 million each — just a fraction of his $89.9 billion net worth. “Leaving kids massive amounts of money is not a favour to them,” he says.
Net worth: $89.9b