William Henry Gates III is an American business magnate, software developer, investor, author, and philanthropist. In 2022, Bill Gates's net worth is estimated to be $125 billion dollars.
March 29, 2022
Words by Matthew Taylor
$125 billion
Est. Range $96.9B - $153.1B
William Henry Gates III is an American business magnate, software developer, investor, author, and philanthropist. He is a co-founder of Microsoft, along with his late childhood friend Paul Allen. During his career at Microsoft, Gates held the positions of chairman, chief executive officer, president and chief software architect, while also being the largest individual shareholder until May 2014. He was a major entrepreneur of the microcomputer revolution of the 1970s and 1980s.
Gates was born and raised in Seattle, Washington. In 1975, he and Allen founded Microsoft in Albuquerque, New Mexico. It became the world's largest personal computer software company. Gates led the company as chairman and CEO until stepping down as CEO in January 2000, succeeded by Steve Ballmer, but he remained chairman of the board of directors and became chief software architect. During the late 1990s, he was criticized for his business tactics, which have been considered anti-competitive. This opinion has been upheld by numerous court rulings. In June 2008, Gates transitioned to a part-time role at Microsoft and full-time work at the Bill & Melinda Gates Foundation, the private charitable foundation he and his then-wife, Melinda Gates, established in 2000. He stepped down as chairman of the board of Microsoft in February 2014 and assumed a new post as technology adviser to support the newly appointed CEO Satya Nadella. In March 2020, Gates left his board positions at Microsoft and Berkshire Hathaway to focus on his philanthropic efforts including climate change, global health and development, and education.
Since 1987, Gates has been included in the Forbes list of the world's wealthiest people. From 1995 to 2017, he held the Forbes title of the richest person in the world every year except from 2010 to 2013. In October 2017, he was surpassed by Amazon founder and CEO Jeff Bezos, who had an estimated net worth of US$90.6 billion compared to Gates's net worth of US$89.9 billion at the time. As of March 2022, Gates had an estimated net worth of US$129 billion, making him the fourth-richest person in the world.
Later in his career and since leaving day-to-day operations at Microsoft in 2008, Gates has pursued many business and philanthropic endeavors. He is the founder and chairman of several companies, including BEN, Cascade Investment, bgC3, and TerraPower. He has given sizable amounts of money to various charitable organizations and scientific research programs through the Bill & Melinda Gates Foundation, reported to be the world's largest private charity. Through the foundation, he led an early 21st century vaccination campaign that significantly contributed to the eradication of the wild poliovirus in Africa. In 2010, Gates and Warren Buffett founded The Giving Pledge, whereby they and other billionaires pledge to give at least half of their wealth to philanthropy.
William Henry Gates III is an American business magnate, software developer, investor, author, and philanthropist. He co-founded Microsoft with his childhood friend Paul Allen. Gates was born and raised in Seattle, Washington. In 1975, he and Allen founded Microsoft in Albuquerque, New Mexico. Gates led the company as chairman and CEO until stepping down as CEO in January 2000, but he remained chairman of the board of directors and became chief software architect. In June 2008, Gates transitioned to a part-time role at Microsoft and full-time work at the Bill & Melinda Gates Foundation, the private charitable foundation he and his then-wife, Melinda Gates, established in 2000. In March 2020, Gates left his board positions at Microsoft and Berkshire Hathaway to focus on his philanthropic efforts including climate change, global health and development, and education.
How long would it take you to earn as much as Bill Gates?
While many of us work in business, you’re not going to make your fortune staying at your day job – the average office worker in the US earns about $41,000 a year. If you manage to get to an executive level, you’re getting closer, but you still have a long way to go. If you can reach the top, CEO salaries know no bounds, but you’ll have to pick the right company!
Many of the wealthiest business people on our list are investment bankers or have done well on the share market. A few have inherited a business empire or secured a good chunk of shares in a blue-chip company through a sizeable divorce settlement. Others are lucky enough to be friends with a “generous” head of state (aka Putin) and find that their wealth can grow to unprecedented levels when supported by state-backed enterprises.
Nowadays though, it’s harder to start traditional business empires from scratch. Media moguls have fallen out of favour in recent years and the big names on this list come from tech. Bill Gates has been a stalwart and is now accompanied by Zuckerberg, Bezos, Musk. Innovation is the key to wealth, but only if you can get the cash, confidence and idea to really make it big.
Bill Gates's net worth of 125 billion can buy...
The Wealthiest Index is a ranking of the world's richest people. In calculating Andre Agassi’s net worth, we strive to provide the most transparent calculations available with detailed analysis of how that Andre Agassi’s fortune was made. Each net worth figure is updated at regular intervals to reflect market movements.
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