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Gates took an interest in programming the GE system in BASIC, and he was excused from math classes to pursue his interest. When he was in the eighth grade, the Mothers' Club at the school used proceeds from Lakeside School's rummage sale to buy a Teletype Model 33 ASR terminal and a block of computer time on a General Electric (GE) computer for the students.

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Gates (right) with Paul Allen seated at Teletype Model 33 ASR terminals in Lakeside School, 1970Īt 13, he enrolled in the private Lakeside prep school, where he wrote his first software program. The family encouraged competition one visitor reported that 'it didn't matter whether it was hearts or pickleball or swimming to the dock there was always a reward for winning and there was always a penalty for losing'. Gates was small for his age and was bullied as a child. When he was young, his family regularly attended a church of the Congregational Christian Churches, a Protestant Reformed denomination. Įarly in his life, Gates observed that his parents wanted him to pursue a law career. The family lived in the Sand Point area of Seattle in a home that was damaged by a rare tornado when Gates was seven years old. He is the fourth of his name in his family but is known as William Gates III or 'Trey' (i.e., three) because his father had the 'II' suffix. Gates has an older sister Kristi (Kristianne) and a younger sister Libby. His father was a prominent lawyer, and his mother served on the board of directors for First Interstate BancSystem and the United Way of America. His ancestry includes English, German, and Irish/Scots-Irish. Early lifeīill Gates was born in Seattle, Washington on October 28, 1955. In 2010, Gates and Warren Buffett founded The Giving Pledge, whereby they and other billionaires pledge to give at least half of their wealth to philanthropy. Through the foundation, he led an early 21st century vaccination campaign that significantly contributed to the eradication of the wild poliovirus in Africa. He has given sizable amounts of money to various charitable organizations and scientific research programs through the Bill & Melinda Gates Foundation, reported to be the world's largest private charity. He is the founder and chairman of several companies, including BEN, Cascade Investment, TerraPower, bgC3, and Breakthrough Energy. Later in his career and since leaving day-to-day operations at Microsoft in 2008, Gates has pursued many business and philanthropic endeavors. As of March 2023, Gates has an estimated net worth of US$116 billion, making him the fourth-richest person in the world according to Bloomberg News. In October 2017, he was surpassed by Amazon founder and CEO Jeff Bezos, who had an estimated net worth of US$90.6 billion compared to Gates's net worth of US$89.9 billion at the time. From 1995 to 2017, he held the Forbes title of the richest person in the world every year except from 2010 to 2013. Since 1987, Gates has been included in the Forbes list of the world's wealthiest people. In March 2020, Gates left his board positions at Microsoft and Berkshire Hathaway to focus on his philanthropic efforts on climate change, global health and development, and education. He stepped down as chairman of the board of Microsoft in February 2014 and assumed a new post as technology adviser to support the newly appointed CEO Satya Nadella. In June 2008, Gates transitioned to a part-time role at Microsoft and full-time work at the Bill & Melinda Gates Foundation, the private charitable foundation he and his then-wife Melinda established in 2000. This opinion has been upheld by numerous court rulings. During the late 1990s, he was criticized for his business tactics, which have been considered anti-competitive. Gates led the company as chairman and CEO until stepping down as CEO in January 2000, succeeded by Steve Ballmer, but he remained chairman of the board of directors and became chief software architect. It became the world's largest personal computer software company. In 1975, he and Allen founded Microsoft in Albuquerque, New Mexico. He was a major entrepreneur of the microcomputer revolution of the 1970s and 1980s. During his career at Microsoft, Gates held the positions of chairman, chief executive officer (CEO), president and chief software architect, while also being its largest individual shareholder until May 2014. He is best known for co-founding software giant Microsoft, along with his late childhood friend Paul Allen. William Henry Gates III (born October 28, 1955) is an American business magnate, investor, and philanthropist.

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