Bill Gates Biography
Over time, the company's stock increased in value and split numerous times. In 1987, Bill Gates became a billionaire when the stock hit $90.75 a share. Since then, Gates has been at the top, or at least near the top, of Forbes' annual list of the top 400 wealthiest people in America. In 1999, with stock prices at an all-time high and the stock splitting eight-fold since its IPO, Gates' wealth briefly topped $101 billion.
His father William Gates Sr was a senior lawyer, and his mother, Mary, served as an executive for a major bank. The family were wealthy but, remembering the challenges of the Great Depression, they encouraged their children to work hard and take nothing for granted.
Bill Gates is one of the richest men in the world. In 2012, his $61 billion dollars in assets made him the world’s second richest man according to Forbes Magazine. In 2006, Gates announced that he would cut back his involvement at Microsoft to spend more time on philanthropy and his foundation. The Bill and Melinda Gates Foundation supports many causes including the quest to eradicate Polio, fighting AIDS, malaria and tuberculosis; providing vaccinations for children; and even reinventing the toilet among many other things.
Gates’ first exposure to computers came while he was attending the prestigious Lakeside School in Seattle. A local company offered the use of its computer to the school through a Teletype link, and young Gates became entranced by the possibilities of the primitive machine. Along with fellow student Paul Allen, he began ditching class to work in the school’s computer room. Their work would soon pay off. When Gates was 15, he and Allen went into business together. The two teens netted $20,000 with Traf-O-Data, a program they developed to measure traffic flow in the Seattle area.
Was Bill Gates born poor?
Absolutely not. He was born upper-upper middle class , his father was one of the most successful attorneys in Seattle, and his family was able to afford to send him to Lakeside, a distinguished private high school — and the first one in the area to give high school students access to computer time in the 1970s.
In this success story, we are going to share Bill Gates biography, a prominent American entrepreneur, investor, philanthropist with a terrific career in a development of software for personal-computers. He is the co-founder of Microsoft Corporation, one of the most recognized brands in the computer industry; nearly every computer has at least one Microsoft product installed.
Career: Lakeside Programming Group, 1968–1969, founder; Traf-O-Data, 1970–1973, founder; Microsoft Corporation, 1975–, founder and chairman; 1975–2000, CEO; 1992–1998, president.
Bill Gates biography: Salary and career history of Microsoft’s co-founder
Gates purchased software for $50,000 and adapted it to run on IBM’s hardware. Known as MS-DOS, IBM attempted to buy the source code, but Gates refused. Being a savvy businessman he asked IBM to pay a licensing fee for every PC which was going to use the software. This allowed the firm to license software to any PC manufacturer, and the revenue model is still used today.