Bill Gates Net Worth and Lifestyle – $95 billion
Bill Gates, the co-founder of Microsoft, is the world’s second-richest person, sitting on an estimated net worth of about $95 billion, according to Forbes.
It’s hard to imagine what to do with that amount of money, but Gates knows how to make the most of it. While he has some indulgences like a Washington estate worth $125 million, a private airplane, and a luxury-car collection they make up only a fraction of his massive fortune.
He and wife, Melinda, previously made a shocking decision:
It’s unfair they’re so rich. Instead of spending billions on themselves, they often donate it to charity through the Bill and Melinda Gates Foundation. They’ve also pledged to give away most of their fortune through the Giving Pledge, which they launched in 2010
Gates along with childhood friend Paul Allen founded Microsoft on April 4, 1975. Originally based in Albuquerque, New Mexico, it eventually relocated to Washington state in 1979.
Microsoft, specializing in computers and supported software, grew to become a major multinational technology company. One of the biggest leaps on the ladder of success for Microsoft came on Nov. 6, 1980, when IBM made a contract stating it would pay Microsoft $430,000 (around $1.5 million today, inflation-adjusted).
It was also in 1995 that Gates was named the richest person in the world, with a fortune of $12.9 billion. After the release of Windows 95, Microsoft sales reached $6 billion.
Gates decided to step down from his senior role at Microsoft, instead choosing to put his energy into philanthropy, along with his wife, Melinda.
Despite now owning just 1 percent of Microsoft shares – which is around $7.3 billion – he is still one of the richest people on the planet.