bill gates reddit
The Reddit “Ask Me Anything” appearance is always a mixed bag of random info but it’s generally interesting, if nothing else. Bill Gates of Microsoft fame recently stepped up to the plate at AMA, check out what he said below.
bill gates answering fan questions
Bill Gates plans to give up his wealth. How will you spend it?
Gates’ wealth will likely go toward the causes he has spent most of his philanthropic career with
The well-known American billionaire, and one of the richest people in the universe, Bill Gates plans to give up his entire wealth and distribute it before his death, but the question that concerns many is where he will spend the stacked billions that he sleeps on, and what are his plans for distribution, while the American billionaire confirms that “very few This wealth will pass to his family.”
The co-founder of “Microsoft” and the richest man in the world revealed that he had donated $ 20 billion last week to his family’s charity.
Gates wrote on Twitter that he intends to eventually “give almost all of his fortune” to the “Bill & Melinda Gates Foundation,” which he co-founded with his ex-wife in 2000.
Bill Gates: Smart people should not work on Wall Street.. These companies need them
Gates wrote that giving away his wealth would move him “down and eventually out of the list of the world’s richest people,” but he nonetheless had an “obligation” to return his wealth to society “in ways that have the greatest impact on reducing suffering and improving lives.” Gates also added that he hopes others of his peers with similar wealth will do the same.
Gates’ net worth is currently $101 billion, according to Forbes, and the vast majority of that money is set to go to support the causes that matter most to him, including global health, education and climate change mitigation.
Where did Bill Gates get his wealth from?
An extensive report published by the Fortune website and viewed by Al Arabiya.net says that Bill Gates made his mark by co-founding the software giant Microsoft in 1975 with childhood friend Paul Allen, after leaving Harvard University.
Microsoft has been a stalwart technology champion in the decades since. The company is known for its hardware and software products everywhere, from the Xbox game console to its popular suite of office apps and the now-defunct Internet Explorer browser.
The company kicked off the IT industry boom long before Apple and Google came onto the scene, and when Microsoft went public in 1986 in an initial public offering of $61 million (more than $164 million in 2022), Gates boasted a 49% stake in the company, which made him a millionaire overnight.
Microsoft’s star as a public company continued to rise, and so did Gates’ fortune. In 1995, at age 39 and with a net worth of $12.9 billion, Gates became the richest man in the world, a title he held until 2010, and then again from 2013 to 2017, when he was overtaken by Amazon founder and former CEO Jeff Bezos.
Gates, who has served as CEO of the company since its founding, stepped down from his position in 2000 and devoted more time to his philanthropic interests through the Bill & Melinda Gates Foundation.
Where will Bill Gates’ money go?
Gates has said publicly that his three children will receive only a “small portion” of his wealth, while his foundation will receive the vast majority, according to the Fortune report.
Gates’ fortune is likely to go toward the causes he has spent most of his philanthropic career on, including global health, educational initiatives, gender equality, and climate change mitigation.
Much of his wealth is also likely to support the Gates Foundation’s attempts to identify and eradicate diseases around the world, and help prevent a potential next pandemic. These initiatives were among the foundation’s most successful projects, as for years Gates focused on eradicating disease outbreaks including HIV/AIDS, tuberculosis, and malaria, and was credited with reducing polio cases by 99% since 1988, resulting in To save about 18 million children from paralysis.
Alleviating child poverty is also likely to be a major focus of Gates’ wealth. The Gates Foundation is also set to receive a $56 billion donation from Berkshire Hathaway CEO Warren Buffett once the famous investor passes away, according to a recent report by The Wall Street Journal. Foundation officials have reportedly said that one proposed way to use the money is to give a large number of children around the world thousands of dollars each in a newly established bank.