If you do not know about Bill Gates then you probably live under a rock. Bill Gates is not a stranger to the business world. By profession, Gates is an entrepreneur and a businessman and the co-founder of the world’s largest software business corporation, Microsoft.
Born on the 28th of October, 1955 in Seattle, Washington, Gates has always been bright and competitive. He developed an interest in software at a very young age and his deep attention towards this profession led him to build one of the most famous and largest software businesses in the world alongside his partner Paul Allen.
Although he stepped down from his position at Microsoft and devoted all his time towards his foundation, called Bill & Melinda Gates Foundation. In the process of building the world’s most famous software, he became one of the richest men in the world.
With a net worth of $110 billion Gates has been named the world’s wealthiest documented individuals in the world by Forbes’ magazine. Even after being crowned the title of the richest man alive, his children may or may not inherit the same title. In early 2018, Gates decided to donate his fortune to charity. His children will only inherit $10 million each and the rest will be donated.
According to Bill Gates, the only thing that his children truly need, something even more important than cash is a quality education, which he is already providing. They can make their billion-dollar fortune using their abilities and talents. Gates mentioned, that giving away his billions well not be a favor to them.
This shocking decision was not only made by Gates himself. Various billionaires of this planet including, Mark Zuckerberg and Michael Bloomberg have also made the same decision to donate their wealth. Gates also helped create the Giving Pledge in 2010, which encourages more of the super-rich to leave the majority of their wealth to philanthropic causes.
Bill Gates has always been a philanthropist and has been praised on multiple occasions regarding his contributions towards world peace. The majority of his fortune will be donated to his foundation called Bill & Melinda Gates Foundation.
Launched in 2000 and it is reported to be the largest private foundation in the world. It works to promote world peace and help all people lead healthy and productive lives. It also works to eradicate disease, poverty, and hunger across the globe. He was awarded the Presidential Medal of Freedom by former US President Barak Obama and also received an honorary knighthood by Queen Elizabeth of Great Britain.
Gates realized that several people around the globe can have better use of his fortune. His children only inherit a minute part of his inheritance but the decision to donate a large portion of his fortune well makes a lot of difference in the world. Less fortunate ones can also be given an equal opportunity to live the life that they deserve.
Bill Gates’s philanthropic causes have been appreciated at an international level and he continues to promote peace and welfare all over the world.