Bill Gates
- Net Worth:
- $66 B As of September 2012
At a Glance
- Co-Chair, Bill & Melinda Gates Foundation
- Age: 56
- Source of Wealth: Microsoft, Self-made
- Residence: Medina, WA
- Country of Citizenship: United States
- Education: Drop Out, Harvard University
- Marital Status: Married
- Children: 3
Forbes Lists
#1 Forbes 400
Profile:
Bill Gates, the planet's most generous person --he's given away $28
billion so far -- has a new obsession: building a better toilet for
those without water or sewage systems. Every year 1.5 million children
die from food and water tainted with fecal matter, more than the annual
deaths from AIDS and malaria combined. The Bill & Melinda Gates
Foundation is also spearheading a malaria vaccine that is
showing promise in clinical trials. The vaccine non-profit he founded,
the Global Alliance for Vaccines and Immunisation (GAVI), has raised
$4.3 billion in pledges from various countries to provide life-saving
vaccines against a range of deadly infections that harm millions of
children in developing countries, including those that cause
meningitis, pneumonia, and severe diarrhea. Since June 2011, 13
countries have introduced vaccines against pneumococcal disease and
rotavirus, two of the world's biggest killers. In April his wife
Melinda went public with a big push to spread access to contraceptives
worldwide, and pledged a total $1.1 billion to the cause. Gates' net
worth climbed $7 billion since last August on the strength of Microsoft
shares, which rose 20%, and on gains from investments in private
equity, bonds, and stocks such as hygiene tech firm Ecolab and Mexican
TV broadcaster Televisa. He continues to sell shares of Microsoft --he
shed 80 million in the past year, about 15% of his stake -- so that now
just one-fifth of his net worth stems from the software company he
co-founded 37 years ago. Gates and his good friend Warren Buffett
continue to recruit new members to their Giving Pledge, in which the
very wealthy promise to give away at least half of their net worth
during their lifetime or after they die.
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