About bill Gates

Bill Gates is the Founder and Former CEO of Microsoft Corporation, a multinational computer technology company headquartered in Redmond, Washington. He left Microsoft on June 27th 2014 with a fortune of around $58 billion USD. Forbes lists him as the richest person in the world.

Bill Gates has been involved in philanthropy since 1995 when he and his wife Melinda decided to dedicate a large portion of their wealth to address global health issues through the Bill & Melinda Gates Foundation, which was one of their first major projects. In recent years he has focused his attention mostly on climate change and clean energy solutions- two causes near and dear to him.

He is also the owner of The Ritz-Carlton Hotel in Los Angeles, which he purchased with his friend, business partner and philanthropy partner, Warren Buffet.

Bill Gates was born in Seattle on October 28th 1955. He grew up with three siblings in one of the wealthiest families in Washington State. He attended an exclusive private school called Lakeside School where he met fellow Lakeside student Paul Allen. The two instantly became friends and were inseparable for years to come. Together they formed a company that would become Microsoft Corporation one day. They both dropped out of college to focus on the production of their software program called BASIC for no cost for year long programming systems available on personal computers. They started out small but by 1980 they sold their software to IBM for $50 million. This was their first of many large amounts of money made by selling software. They had more than 200 employees at the time of their initial public offering which was in 1986. That same year Gates hired his childhood friend, Bill Fernandez, to help him with the computer programing part of Microsoft Corp.

Over the course of more than 30 years Gates has come to be known as one of the most successful entrepreneurs in history. He has a fortune of around $58 billion USD. Bill Gates has been called a “philanthropist” for years on end, but how much of his money is actually being used for his philanthropic efforts? Let’s take a closer look at some of the methods he uses to set up his foundation and the money he uses to fight on behalf of our world.

Bill Gates’ personal giving philosophy can be summarized with four simple words: “Be Generous.” He believes that if others know of your efforts you will reap even more feedback and support from them. Giving away money will not only make it easier for you to live your life, but it will also help others live theirs.

Bill Gates has set up a foundation with his wife Melinda in 1997 in order to “create the world we want for our children and grandchildren,” and his personal giving philosophy can be summarized with four simple words: “Be Generous”. He believes that if others know of your efforts you will reap even more feedback and support from them. Giving away money will not only make it easier for you to live your life, but it will also help others live theirs.

Bill & Melinda Gates Foundation

The Bill & Melinda Gates Foundation was founded in 1994 to help reduce poverty, improve global health and increase access to information technology. It is the largest charity in the world. Through this foundation, Bill and Melinda have donated billions of dollars, including $28 billion in cash and stock donations since 2000. The foundation spends over $4 billion each year on various programs; mainly to fight HIV/AIDS, Malaria and Tuberculosis. He claims that he is determined to cut the number of people who die annually from AIDS in half by 2015 (from 1.8 million today down to 900 thousand). They have also created other programs to help the homeless, improve education around the world, strengthen education in developing countries, improve early childhood education and create roads in places where there are none.

Bill & Melinda Gates Foundation has funded over one hundred projects that have helped to prevent tens of thousands of deaths from HIV/AIDS. They’ve sent vaccines to countries battling an AIDS epidemic for which there is no cure. They’ve provided seeds for farmers who may not otherwise get them. They’ve built clean water systems in African villages based on simple principles of gravity and physics based on agriculture principles which are proven to work. They’ve worked to create healthcare systems that are available to everyone, not just the wealthy. They’ve funded programs in Africa that have helped more than half a million orphans get back onto their feet.

…and We’re Still Here

Over the years, Gates has donated around $30 billion to worthy causes. That’s almost two percent of his entire fortune! Based on that amount, you would think that there are many foundations who can use his money to continue their work in development and education in developing countries. But when compared with the figures reported by other foundations, it seems like there were never so many people who could benefit from Bill & Melinda Gates Foundation funds.

Bill & Melinda Gates Foundation

The Bill & Melinda Gates Foundation has reported that between 1996 and 2012 it has delivered $10 billion to other foundations. There are numerous organizations who have received donations from the Bill & Melinda Gates Foundation. These include The Global Fund, Charles Annenberg Foundation, the Children’s Investment Fund Foundation, The Institute for International Education and other organizations which focus on children’s health, development projects, legal rights and education programs. AIDS programs take over one third of the total spending of the foundation.

The foundation reports that it primarily works through partnerships with other nonprofits rather than by distributing money itself. It collaborates with different government departments, including USAID and CDC (Center for Disease Control).

Leave a Comment