A Quick Look On The Fabulous Life Of Bill Gates, The Richest Man In The World

Madeline stone BI 28 June 2014

With a net worth of approximately$78.9 billion, Microsoft cofounder Bill Gates is the wealthiest man in the world.

Gates has been a public fixture ever since he and Paul Allen started a computer revolution in the 1980s. He has all of the toys you would expect from the world's richest man, from a private jet to a 66,000-square-foot home he nicknamed Xanadu 2.0.

Yet as his wealth has grown, Gates has done more and more philanthropy work, donating billions of dollars to charity projects through the Bill and Melinda Gates Foundation.

BILL GATES IS THE RICHEST MAN IN THE WORLD AGAIN

B I :Jay Yarow | May 16, 2013, 4:05 PM 

Bill Gates is once again the world's richest man, according to Bloomberg News.

It says Gates has taken the lead from Mexican magnate Carlos Slim thanks to Microsoft's rising stock price. It's at a 5-year high trading at ~$34 a share.

Bloomberg's Billionaire Index hasn't yet updated to reflect Gates' new net worth.

 It still shows Slim as number one with a $73.2 billion net worth. 

Gates is listed at $72.9 billion.

Microsoft's stock is up 26% this year, despite the fact that the PC market is in a state of contraction. 

The reason Microsoft's stock is rising, it seems, is that Microsoft has confronted its worst case scenario, and is still doing fine.

Last quarter, the company reported revenue and operating profits that were up 8% and 5% each.

 This is because Microsoft is a fairly diverse company that doesn't rely on just PC 

sales. 

This diversification is helping it weather a bad PC market.

Microsoft also got a big boost when ValueAct revealed that it's buying $2 billion worth of the company's stock.

Gates is famously giving away his money, so while it's neat he's the richest man in the world, it's not his primary focus.

 Through the Bill and Melinda Gates he's doing charitable work around the world.

Bill Gates developing safer kind of nuclear reactor with China

Source : 7 DEC, 2011, 09.09PM IST, AP 


BEIJING: Microsoft co-founder Bill Gates confirmed on Wednesday he is in discussions with China to jointly develop a new and safer kind of nuclear reactor.

``The idea is to be very low cost, very safe and generate very little waste,'' said the billionaire during a talk at China's Ministry of Science and Technology.

Gates has largely funded a Washington state-based company, TerraPower, that is developing a Generation IV nuclear reactor that can run on depleted uranium.

The general manager of state-owned China National Nuclear Corporation, Sun Qin, was quoted in Chinese media last week saying Gates was working with it to research and develop a reactor. ``TerraPower is having very good discussions with CNNC and various people in the Chinese government,'' said Gates, cautioning that they were at an early stage.

Gates says perhaps as much as a billion dollars will be put into research and development over the next five years. TerraPower says its traveling wave reactor would run for decades on depleted uranium and produce significantly smaller amounts of nuclear waste than conventional reactors.

``All these new designs are going to be incredibly safe,'' Gates told the audience. ``They require no human action to remain safe at all times.'' He said they also benefit from an ability to simulate earthquake and tidal wave conditions. ``It takes safety to a new level,'' he said.

Since leaving Microsoft Corp, Gates has concentrated on philanthropy and advocating on public health, education and clean energy issues. Gates was at the Ministry of Science and Technology to talk about a joint project between China and the Bill & Melinda Gates Foundation to support innovative research and development to help alleviate poverty.

Gates said the ministry will help identify entrepreneurs and companies to manufacture new products in global health and agriculture to ``change the lives of poor people,'' including new vaccines and diagnostics and genetically modified seeds.

``China has a lot to contribute because it's solved many of the problems of poverty, not all of them but a lot of them, itself, and many Asian, south Asian and African countries are well behind, whether it's agriculture or health,'' said Gates.

No concrete poverty alleviation projects were mentioned.

Rahul Gandhi takes Bill Gates on whirlwind visit to Amethi, Rae Bareli

Source:IANS:Tuesday, May 11, 2010 13:07 IST


Jais (UP): Microsoft chief Bill Gates and Congress general secretary Rahul Gandhi arrived here Tuesday for a day-long visit aimed at giving the global philanthropist a glimpse of social development work in the two 'Gandhi constituencies' of Rae Bareli and Amethi.

While Rae Bareli is Congress president Sonia Gandhi's parliamentary constituency, her son Rahul represents Amethi.

Gates and Rahul Gandhi, both dressed in white, flew in a chartered aircraft from New Delhi and landed at the Indira Gandhi Flying Academy in Fursatganj town, about 10 km from here, in Rae Bareli.

They drove down to Jais, named after famous Sufi poet Malik Mohammad Jaisi, where Gates, accompanied by an entourage of eight, and Gandhi visited the Rajiv Gandhi Women's Training Centre run by the Rajiv Gandhi Charitable Trust.

There was heavy security as the group interacted with about 300 women actively associated with the women's self help groups formed here with Gandhi's personal initiative.

Women involved with different NGOs funded by the charitable trust gathered at the training centre well before the arrival of the VVIPs.

While Gandhi and Gates were driven inside the tall gates at the centre, the rest of their entourage followed them on foot after disembarking outside.

More than 100 police personnel were detailed to provide security cover from outside while Gandhi and Gates also had their own personal guards to maintain the inner ring around them.

Gandhi, who chose to keep the Gates visit a closely guarded secret, completely shunned the media as well as party workers. Even state Congress chief Rita Bahuguna Joshi learnt about the visit through the media.

Local Congress leaders said Gandhi will also take Gates to a village in his constituency Amethi where a similar self-help group activity is to be showcased before the Microsoft boss. They will also visit a health camp run by the Rajiv Gandhi trust.

Gates and Gandhi then drove down to Amethi. They will fly back to New Delhi later in the afternoon after the Congress MP's condolence visit to the residence of a Congress worker who was murdered recently.

Bill Gates to adopt Bihar village

Source :11 May 2010, 1349 hrs IST,IANS


PATNA: Microsoft chief Bill Gates will adopt a backward village in Bihar during his daylong visit to the state Wednesday, officials said.

The philanthropist, accompanied by officials of the Bill and Melinda Gates Foundation, will visit the state for the first time.

Gates would adopt Gularia village in Khagaria, about 170 km from here, and help improve the socio-economic condition of the people, the district's Superintendent of Police Sudhanshu Kumar said.

At present, the village, comprising mainly Mahadalits, considered poorer than dalits, does not have even basic civic amenities like running water, electricity, schools and health centres.

Gates is also scheduled to meet Bihar Chief Minister Nitish Kumar in the state capital to discuss development issues and changes taking place for the poor.