Bill Gates is an American business tycoon known as a principal founder of Microsoft Corporation, investor, author, and philanthropist.
Bill Gates – Early Life
Born on the 28th October 1955 in Seattle, Washington, William Henry Gates has a stable upper-middle-class upbringing as his father is a renowned lawyer. By no means he has faced any financial trouble in his childhood. His family wants him to follow in his father`s footsteps and become a lawyer. At the early age of 18, Gates showed his entrepreneurial spirit by forming Traf-O-Data with his childhood friend Paul Allen.
Their goal was to build a hardware device that could read the traffic data tapes and give results without doing the work manually. But when a supervisor from the traffic department comes to see their product, their device fails to work. The business failed early, but it gave Gates an invaluable lesson that he remembers for the rest of his life.
In 1973 after enrolling at Harvard University and scoring a near-perfect SAT score of 1590 out of 1600, Gates dropped out of the college next year to start Microsoft with his partner, Paul Allen. At that time, his parents did not agree with his decision to drop out of college to start something new. Still, after much discussion, his parents okayed his decision, and this decision of Gates changed the computing world forever.
Bill Gates – Microsoft
In 1976 Gates founded Microsoft when he got a contract from MITS to develop a basic operating system for their new microcomputers. This was when Bill Gates reviewed every line of coding himself; he even involved himself in packing and dispatching orders. His first big break came in 1980 when IBM, a leading PC manufacturer globally, approached them for a new basic operating system for their new computers.
After this, Microsoft started gaining a dominant position as the best soft manufacturer as the personal computer market was starting to rise. In the coming years, Microsoft has positioned itself as the one and only provider of computer operating software with the programs like Microsoft Word and Microsoft Excel. Other companies find it difficult to displace Microsoft from their dominant number one position.
Bill Gates – Windows
In mid-1990, Microsoft released its first version of Windows, breakthrough operating software that has replaced text interfaces with graphical interfaces. This operating software is a revolutionary step in computer history, and soon it becomes a best seller and captures a major portion of the operating system marketplace.
In 1995 Windows 95 was released with new features, and in coming years, this version of Windows has been the backbone of all future Windows releases from Windows 2000 to the latest Vista and XP Versions.
Some Not So Successful Ventures
Gates has been very keen to diversify into other businesses throughout his entrepreneurial life. Internet Explorer is one of them, although it has become the dominant web browser primarily because of its pre-installation in most new computers. However still, in recent years, Internet Explorer has lost its market share.
Another area where Microsoft has never been successful in the search engine marketplace, MSN Live has always struggled to gain more than 5% market share. Besides this, several anti-trust cases against Microsoft, including the US vs Microsoft, almost came close to the broke company into three smaller firms.
Still, however, Microsoft was able to survive as a single company on appeal. Throughout the 1980s and 1990`s Microsoft was the dominant computer firm around the world. Still, now they are seen as a declining and aging company compared to more young and dynamic companies like Apple and Google.
From 2008 onwards, Gates has worked full time on philanthropic interest, and it is estimated that Gates and his wife Melinda have donated approx. $28 billion via the charitable foundation.
Once Gates famously says that he has no use for money, he will only leave a small percentage of his wealth for his children. Although Bill Gates failed in his first few business ventures, he did not lose heart, and it didn`t discourage him from trying again and again. He did not want to give up and work harder in his next venture until he revolutionized the personal computing marketplace single-handedly.
Bill Gates met Melinda French in 1987 when she started working at Microsoft. In January 1994, Bill Gates married Melinda French on the Hawaiian Island. Bill and Melinda have three children. On 3rd May 2021, the Gates announced they had decided to divorce after 27 years of marriage, and their divorce was finalized on August 2, 2021.
As of February 2022, Bill Gates net worth is $130.7 Billion
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