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William Henry Gates III (born October 28, 1955) is an American business magnate, software developer, investor, and philanthropist. He is best known as the co-founder of Microsoft Corporation. During his Microsoft career, Gates served as Chairman, CEO, President, and Chief Software Architect, while remaining the largest individual shareholder until May 2014. He is one of the most famous entrepreneurs and pioneers of the microcomputer revolution of the 70s and 80s.
Born and raised in Seattle, Washington, Gates founded Microsoft with childhood friend Paul Allen in 1975 in Albuquerque, New Mexico; it went on to become the world’s largest personal computer software company. Gates led the company as chairman and CEO until he stepped down as CEO in January 2000, but he remained chairman and became the chief software architect. In the late 1990s, Gates was criticized for his business tactics, which were considered anti-competitive. Several court decisions confirm this opinion. In June 2006, Gates announced that he would move part-time to Microsoft and work full-time at the Bill and Melinda Gates Foundation, a private charity that he and his wife Melinda Gates founded in 2000. He gradually turned over his responsibilities to Ray Ozzie and Craig Mundie. He stepped down as Microsoft chairman in February 2014 and took over a new post as a technology advisor to support newly appointed CEO Satya Nadella.
Since 1987, he has been on the Forbes list of the wealthiest people in the world. From 1995 to 2017, he held the Forbes World Richest Man title, except four years. In October 2017, he was surpassed by Amazon founder and CEO Jeff Bezos, whose net worth was US$90.6 billion, compared to Gates’ net worth of US$89.9 billion at the time. As of August 2020, Gates had a fortune of US$113.7 billion, making him the second richest person in the world after Bezos.
Later in his career and after leaving day-to-day operations at Microsoft in 2008, Gates continued with several charitable activities. He has donated significant amounts to various charities and scientific research programs through the Bill & Melinda Gates Foundation, which is considered the most prominent private charity globally. In 2009, Gates and Warren Buffett founded The Giving Pledge, in which they and other billionaires have pledged to donate at least half of their fortune to charity.
Gates was born in Seattle, Washington, on October 28, 1955. He is the son of William H. Gates, Sr. (born 1925) and Mary Maxwell Gates (1929–1994). His origins include English, German, and Irish/Scottish-Irish ancestry.
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