Bill Gates, once the richest man in the world, has been around for 18 years and currently has a net worth of jealousy of $124 billion Microsoft. But now, thanks to Gates’ billion-dollar charitable spending, his former assistant has more money in his bank account than he does.
On July 3 last week, Gates was named the fifth richest person on the wealth of $175 billion. Bloomberg Billionaire Index. But his wealth plummeted over the next few days as $51 billion ran out of his net worth, hitting him at No. 12 in the rankings Just below your companion Michael Dell, a pioneer in technology.
Gates’ wealth disappeared as the index readjusts the 69-year-old tech tycoon’s philanthropy. Bloomberg noted that the appreciation rate was lowered last week to be “better reflected on May 8 Blog post from Former Microsoft CEO. The note revealed that Gates will donate to charities much faster than previously planned. Over the next 20 years, he donated almost all his wealth to the Door Foundation with his ex-wife Melinda France Gatewill be closed by the end of 2045.
“When I die, people will say a lot about me, but I’m sure ‘he died’ won’t be one of them,” Gates said. Write. “There are so many urgent issues to be addressed that I can’t keep the resources that can be used to help people.”
Gates has been determined to reduce his wealth in more than many years with greater gains, even saying his children Will inherit His wealth is “less than 1%”. And now, his goal is reflected in his net worth. His charitable donation even cleared his former assistant Steve Ballmer, who occupied his name for $172 billion – this Not the first time it happened.
wealth Contact Gates for comment.
Who is Steve Ballmer – Why is he richer than the door?
Most employees never expect to earn more than their boss. But Ballmer stepped into the door at a lucky time, and for decades, money had been infiltrating his bank account.
Microsoft was the 30th employee to join the growing technology company in 1980. He quit Stanford’s MBA program to seize the job and earned $50,000 in base salary while any profit he generated in the business increased by 10%. Ballmer hadn’t received any share at the time, but the 10% cut proved to be very profitable.
But soon, the business grew so quickly that this part was not financially feasible, so in the renegotiation, Ballmer exchanged his profit-sharing agreement for an 8% stake in the company. The company’s co-founder Paul Allen is not excited about the trade-off, which he thinks is still too big for Ballmer. But the door Let your own The need to meet Ballmer’s requirements online, the rest is history.
Gates’ former assistant eventually promoted and took on the role of boss, serving as the company’s CEO from 2000 to 2014. He owned 333 million shares, or about 4% of Microsoft, worth $22.5 billion, when he was CEO. Today, most of the 69-year-old’s portfolio is still wrapped in the corporate stock, but he attributes his huge fortune to the right place, at the right time, It was not fulfilled too early.
“If someone would tell you that all their success is because they are a genius, I think they should go and look for luck,” Tell Wall Street Journal last year. “Forgot the stock price. Essentially, I was lucky to listen to the right person. But I was also lucky to be loyal to the company and didn’t want to be a seller as a business leader.”
After that, Ballmer ventured into other areas outside of technology. The baby boomer bought the Los Angeles Clippers for $2 billion the same year he retired from Microsoft, which is now value $5.5 billion.
Following Gates’ footsteps, he also has a special liking for charity. So far, he has donated more than $4 billion in wealth and formed a charity Ballmer Group Focus on improving economic mobility for American households.
