He Might Not Be The Richest Man In The World Anymore, But It Is Still A Huge Amount!
Bill Gates, the founder of Microsoft, used to be the richest person in the world. He is known for creating the popular software company that is recognized globally. Besides his success in the business world, he is also known for his philanthropic efforts through the Bill & Melinda Gates Foundation. This foundation is a non-profit organization that works to combat poverty, disease, and inequality worldwide. Additionally, Gates owns an investment company called Cascade Investment LLC.
Born in the United States, Gates started Microsoft in 1975 with his childhood friend Paul Allen. They founded the company after Gates dropped out of Harvard. Today, Microsoft is the largest software company globally and is involved in various activities such as producing personal computers, publishing books, offering email services, and selling video game systems.
Bill Gates Net Worth
Bill Gates is renowned for his generous contributions towards fighting poverty, illness, and injustice. In 2014, he pledged $50 million to combat Ebola, and as of 2021, the Bill & Melinda Gates Foundation had spent over $1.9 billion in the battle against the COVID-19 pandemic. Despite his philanthropic endeavors, Gates’s current net worth is estimated to be $127 billion. This includes a 1.3% stake in Microsoft worth $30.4 billion, his investment company’s portfolio valued at $60 billion, and $55.5 billion in cash.
To put this immense wealth into perspective, Gates could make 127,000 people millionaires and still retain his billionaire status. It’s a staggering amount that is difficult to grasp. As of February 2022, Gates ranks as the fourth wealthiest individual globally, trailing behind Elon Musk, Jeff Bezos, and Bernard Arnault.