Bill Gates | Biography, Microsoft, & Facts (2024)

Bill Gates

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Category:

In full:
William Henry Gates III
Born:
October 28, 1955, Seattle, Washington, U.S. (age 68)
Founder:
Microsoft Corporation
Gates Foundation
Notable Family Members:
spouse Melinda Gates

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Top Questions

When was Bill Gates born?

Bill Gates was born on October 28, 1955.

How did Bill Gates become famous?

Bill Gates cofounded Microsoft Corporation, the world’s largest personal-computer software company.

Where did Bill Gates go to college?

Bill Gates attended Harvard University. However, he dropped out in his junior year to found Microsoft with his friend Paul Allen.

What are Bill Gates’s major accomplishments?

Bill Gates founded the software company Microsoft Corporation with his friend Paul Allen. He also cofounded the to fund global health and development programs.

Bill Gates (born October 28, 1955, Seattle, Washington, U.S.) is an American computer programmer and entrepreneur who cofounded Microsoft Corporation, the world’s largest personal-computer software company.

Gates wrote his first software program at the age of 13. In high school he helped form a group of programmers who computerized their school’s payroll system and founded Traf-O-Data, a company that sold traffic-counting systems to local governments. In 1975 Gates, then a sophom*ore at Harvard University, joined his hometown friend Paul G. Allen to develop software for the first microcomputers. They began by adapting BASIC, a popular programming language used on large computers, for use on microcomputers. With the success of this project, Gates left Harvard during his junior year and, with Allen, formed Microsoft. Gates’s sway over the infant microcomputer industry greatly increased when Microsoft licensed an operating system called MS-DOS to International Business Machines Corporation—then the world’s biggest computer supplier and industry pacesetter—for use on its first microcomputer, the IBM PC (personal computer). After the machine’s release in 1981, IBM quickly set the technical standard for the PC industry, and MS-DOS likewise pushed out competing operating systems. While Microsoft’s independence strained relations with IBM, Gates deftly manipulated the larger company so that it became permanently dependent on him for crucial software. Makers of IBM-compatible PCs, or clones, also turned to Microsoft for their basic software. By the start of the 1990s he had become the PC industry’s ultimate kingmaker.

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Largely on the strength of Microsoft’s success, Gates amassed a huge paper fortune as the company’s largest individual shareholder. He became a paper billionaire in 1986, and within a decade his net worth had reached into the tens of billions of dollars—making him by some estimates the world’s richest private individual. With few interests beyond software and the potential of information technology, Gates at first preferred to stay out of the public eye, handling civic and philanthropic affairs indirectly through one of his foundations. Nevertheless, as Microsoft’s power and reputation grew, and especially as it attracted the attention of the U.S. Justice Department’s antitrust division, Gates, with some reluctance, became a more public figure. Rivals (particularly in competing companies in Silicon Valley) portrayed him as driven, duplicitous, and determined to profit from virtually every electronic transaction in the world. His supporters, on the other hand, celebrated his uncanny business acumen, his flexibility, and his boundless appetite for finding new ways to make computers and electronics more useful through software.

All of these qualities were evident in Gates’s nimble response to the sudden public interest in the Internet. Beginning in 1995 and 1996, Gates feverishly refocused Microsoft on the development of consumer and enterprise software solutions for the Internet, developed the Windows CE operating system platform for networking noncomputer devices such as home televisions and personal digital assistants, created the Microsoft Network to compete with America Online and other Internet providers, and, through Gates’s company Corbis, acquired the huge Bettmann photo archives and other collections for use in electronic distribution.

In addition to his work at Microsoft, Gates was also known for his charitable work. With his then wife, Melinda, he launched the William H. Gates Foundation (renamed the in 1999) in 1994 to fund global health programs as well as projects in the Pacific Northwest. During the latter part of the 1990s, the couple also funded North American libraries through the Gates Library Foundation (renamed Gates Learning Foundation in 1999) and raised money for minority study grants through the Gates Millennium Scholars program. In June 2006 Warren Buffett announced an ongoing gift to the foundation, which would allow its assets to total roughly $60 billion in the next 20 years. At the beginning of the 21st century, the foundation continued to focus on global health and global development, as well as community and education causes in the United States. After a short transition period, Gates relinquished day-to-day oversight of Microsoft in June 2008—although he remained chairman of the board—in order to devote more time to the Bill & Melinda Gates Foundation. In February 2014 he stepped down as chairman but continued to serve as a board member until 2020. During this time he was awarded the Presidential Medal of Freedom (2016). The documentary series Inside Bill’s Brain: Decoding Bill Gates appeared in 2019. Two years later Gates and his wife divorced.

It remains to be seen whether Gates’s extraordinary success will guarantee him a lasting place in the pantheon of great Americans. At the very least, historians seem likely to view him as a business figure as important to computers as John D. Rockefeller was to oil. Gates himself displayed an acute awareness of the perils of prosperity in his 1995 best seller, The Road Ahead, where he observed, “Success is a lousy teacher. It seduces smart people into thinking they can’t lose.”

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The Editors of Encyclopaedia BritannicaThis article was most recently revised and updated by Encyclopaedia Britannica.

Bill Gates | Biography, Microsoft, & Facts (2024)

FAQs

What did Bill Gates do for Microsoft? ›

Bill co-founded Microsoft Corporation in 1975 with Paul Allen and led the company to become the worldwide leader in business and personal software and services. In 2008, Bill transitioned to focus full-time on the foundation's work.

How much of Microsoft does Bill Gates own? ›

Key Takeaways. Institutional investors are the majority owners of Microsoft, accounting for almost 70% of outstanding shares. Former CEO Steve Ballmer owns a 4% stake in Microsoft, more than its founder Bill Gates, who holds a 1.3% stake. Vanguard and Blackrock are the two largest Microsoft's institutional investors.

How old was Bill Gates when he started Microsoft? ›

In fact, confidence was key in transforming Gates from a 20-year-old college kid with an interest in computers to co-founder of a company that is now one of the world's largest.

How did Bill Gates start his business? ›

Bill Gates turned his passion for computers into a job his senior year in high school coding for the electrical grid at a power plant in Washington state. He later dropped out of Harvard to launch software firm Microsoft with his high school friend Paul Allen in 1975 and took it public in 1986.

Why did Bill Gates start Microsoft? ›

Inspired by the January cover of Popular Electronics magazine, friends Bill Gates and Paul Allen started Microsoft – sometimes Micro-Soft, for microprocessors and software – to develop software for the Altair 8800, an early personal computer.

Who gave Bill Gates money to start Microsoft? ›

Gates did not start Microsoft with a loan from his parents, it was entirely bootstrapped financially. Paul Allen and Gates had saved up a small amount of money from contract work. Together they provided all of Microsoft's seed capital.

Who currently owns Microsoft? ›

The ownership structure of Microsoft (MSFT) stock is a mix of institutional, retail and individual investors. Approximately 43.38% of the company's stock is owned by Institutional Investors, 7.72% is owned by Insiders and 48.89% is owned by Public Companies and Individual Investors.

Does Google own Microsoft? ›

Is Microsoft owned by Google? Microsoft is not owned by Google. The two are intense competitors and have been for a long time. They compete across a range of businesses like cloud computing, enterprise software, digital advertising, hardware, and artificial intelligence.

What country owns Microsoft? ›

Microsoft Corporation is an American multinational corporation and technology company headquartered in Redmond, Washington.

What was Bill Gates doing at 25? ›

Bill Gates was making the first big deals of his life.

In 1980, IBM needed an operating system for their upcoming computer, and contracted Microsoft to create it.

Does Bill Gates still work at Microsoft? ›

Bill Gates, the co-founder of Microsoft, officially left the company and its board in 2020 but has continued to wield significant influence over the tech giant's strategy and operations, according to current and former executives.

When did Bill Gates retire Microsoft? ›

Bill Gates stepped down as Microsoft's CEO in 2000.

Bill Gates spent about three decades of his life building Microsoft, until he announced his retirement at 50. Soon, he switched tracks and made philanthropy and the Bill and Melinda Gates Foundation his primary focus.

What made Bill Gates so successful? ›

Gates is known for his visionary leadership style. He encouraged innovation within Microsoft, fostering a culture that emphasized pushing the boundaries of technology. His hands-on approach and unwavering commitment to his vision inspired his team to achieve remarkable feats.

How did Bill Gates get rich so fast? ›

Bill Gates is a millionaire thousands of times over: As of early May 2023, Forbes reported his net worth at over $126.8 billion, most of which came from his position as the largest individual shareholder of Microsoft, which he started with Paul Allen in 1975.

What made Bill Gates famous? ›

Bill Gates (born October 28, 1955, Seattle, Washington, U.S.) is an American computer programmer and entrepreneur who cofounded Microsoft Corporation, the world's largest personal-computer software company. Gates wrote his first software program at the age of 13.

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