What is Bill Gates Net Worth 2019
American business magnate, computer programmer, investor, philanthropist and author, Bill Gates net worth is $105 billion as of August 2019.
Bill Gates primary source of income is Microsoft. The company officially established on April 4, 1975, with Bill Gates as the CEO. He stepped down as Microsoft’s CEO in 2008, to concentrate with his charity work through the Bill & Melinda Gates Foundation. A charitable foundation he founded with his wife, Melinda. He is now the world’s second-richest person and United States’ richest person.
Since becoming a billionaire, Bill Gates has since donated over $28 billion to charities and encouraged over 40 of the world’s wealthiest to sign his “Giving Pledge,” aim to donate the majority of their wealth to charity during their lifetimes. He started giving to charity in 1999 when he donated $16 billion in Microsoft stock to his family foundation. With Warren Buffett as one of the biggest donor, the foundation is now one of the biggest philanthropic institutions in the world.
In 2010 Gates and Buffett cofounded the Giving Pledge, an initiative that works to persuade high-net-worth individuals to give at least half of their assets to charity either during their lives or after they die. To date nearly 200 people have signed on, such as Elon Musk and Airbnb cofounder Brian Chesky.
Gates has already gifted over $35 billion to charity, largely to the Bill and Melinda Gates Foundation—the world’s largest private philanthropy—which he chairs with his wife, Melinda. The foundation focuses on public health and is perhaps best known for its efforts alongside Rotary International to eradicate polio.
A native of Seattle, Gates was a precocious child. He spent so much time reading that his parents forbade him from bringing books to the dinner table. Later, as a high school senior, he took time away from classes to code with his friend Paul Allen at a power plant in North Bonneville, Washington.