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William Henry Gates III, popularly, known as Bill Gates is an American businessman, investor, software developer and a celebrated philanthropist. He is the co-founder of Microsoft Corporation. He is known as one of the best pioneers of the microcomputer revolution in 1970s and 1980s. Until May 2014, Bill Gates was the largest shareholder at Microsoft. He served as CEO till January 2000, but continued as Chairman and Chief Software Architect. He stepped down as the chairman in 2014 and appointed Satya Nadella. Bill Gates resigned as a board member of Microsoft in mid-March 2020.
In May 2020, Gates foundation declared to spend $300 million to fight the Coronavirus pandemic by funding treatment and vaccines. Bill Gates has donated $35.8 billion worth of Microsoft stock to the Gates Foundation and owns a little over 1% of shares at Microsoft now.
Details | Description |
---|---|
Name | William Henry Gates III |
Birthdate | October 28, 1955 |
Place of Birth | Seattle, Washington, U.S. |
Occupation | Software developer, investor, entrepreneur, philanthropist |
Years active | 1975–present |
Known for | Co-founder of Microsoft, DreamWorks Interactive, MSNBC |
Net worth | US$109.8 billion (July 2020) |
Title | Co-chairman and co-founder of the Bill & Melinda Gates Foundation, Chairman and founder of Branded Entertainment Network, Chairman and co-founder of TerraPower, Chairman and founder of Cascade Investment, Technology advisor at Microsoft |
In 1987, Bill Gates was included in the Forbes list of the world’s wealthiest people. From 1995 to 2017, he was known as the richest person in the world. In 2017, Jeff Bezos, the founder of Amazon, was declared as the wealthiest man. However, Bill Gates remains the second-richest man in the world today and occupies #2 on the Forbes Billionaires list 2020. As of July 1, 2020, Bill Gates’ net worth is $109.8 billion.
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Bill Gates was a bright student. As a young teenager, he wrote his first computer program on a general electric computer. His school learnt of his gift with coding and soon appointed him to write a computer program that would help to schedule students in classes. Bill Gates went to Harvard University and dropped out in 1975 to focus solely on Microsoft, which he founded with Paul Allen.
Bill Gates has 60% of his investments in stocks. He has invested over $60 billion in stocks or Index Funds, a report said. He along with his wife, Melinda Gates, invested into philanthropic donations. They have donated a lot of money to charitable organisations, scientific research programmes through the Bill and Melinda Gates Foundation, which is the largest private charitable foundation in the world.
Bill Gates once said that it is fine to celebrate success, but it is more important to heed the lessons of failures. You should understand that as an investor, you are bound to face gains and losses.
You could attain profits or even lose some money. The only way to get better is to learn from your mistakes rather than turning away from a bright future. Investing blunders are meant to help you grow. Once you are able to understand which stock is underperforming, you will also know the ones doing better.
Don’t get demotivated by failure, rather learn from it.
It is a fact that many are born into rich families. However, it is also true that many are not born rich. Bill Gates once rightly said that - if you were born poor, it’s not your mistake, but if you die poor it’s your mistake. You can always start investing to grow your wealth. Not investing would be a mistake, since great returns come with the right investment.
Bill Gates always encourages to take risks. He once said that to win big you sometimes need to take big risks. Many don’t enter the stock markets with a fear of losing money since a lot of Volatility exists. However, he suggests that to make some growth, there is a need to take huge risks. Stock markets are prone to Recession, however, they quickly recover from the downfall. With the right strategy in focus, you can always buy quality stocks for the long-term. This will only help you make more money rather than lose money.
One lesser-known fact about Bill Gates is that he never took a day off in his twenties. Though this seems like a hard thing to do, the message he is bringing out is clear. In your twenties, you are young and can earn more with extra energy. You can start investing in various Investment plan and retirement savings plan. Investing from a young age is like putting money to work, which will bring great returns when you are older.
Investors who buy stocks usually think of making a quick buck. Bill Gates differs from the notion and once said that patience is a key element of success. It is important to have patience before expecting great gains. You may not get to see great gains in a year or even in 5 years. However, this should not persuade you to take a step down. Your patience will bring you the gains you are looking for.
Do good research and invest in quality stock before taking the big plunge into long-term investments.
Bill Gates is an inspiration to businessmen, investors and philanthropists alike. His contribution to technology and social life is surreal. Bill Gates life teaches to stand strong and take risks even when it doesn’t feel like it.