Bill Gates

bill_gates

Entrepreneur Bill Gates, born on October 28, 1955, in Seattle, Washington, began to show an interest in computer programming at the age of 13. Through technological innovation, keen business strategy, and aggressive competitive tactics, he and his partner Paul Allen built the world’s largest software business, Microsoft. In the process, Bill Gates became one of the richest men in the world.

He is consistently ranked in the Forbes list of the world’s wealthiest people and was the wealthiest overall from 1995 to 2009—excluding 2008, when he was ranked third; in 2011 he was the wealthiest American and the world’s second wealthiest person. According to the Bloomberg Billionaires List, Gates is the world’s richest person in 2013, a position that he last held on the list in 2007.

During his career at Microsoft, Gates held the positions of CEO and chief software architect, and remains the largest individual shareholder, with 6.4 percent of the common stock. He has also authored and co-authored several books.

Gates is one of the best-known entrepreneurs of the personal computer revolution. Gates has been criticized for his business tactics, which have been considered anti-competitive, an opinion which has in some cases been upheld by the courts. In the later stages of his career, Gates has pursued a number of philanthropic endeavors, donating large amounts of money to various charitable organizations and scientific research programs through the Bill & Melinda Gates Foundation, established in 2000.

Gates stepped down as chief executive officer of Microsoft in January 2000. He remained as chairman and created the position of chief software architect. In June 2006, Gates announced that he would be transitioning from full-time work at Microsoft to part-time work, and full-time work at the Bill & Melinda Gates Foundation. He gradually transferred his duties to Ray Ozzie, chief software architect, and Craig Mundie, chief research and strategy officer. Gates’s last full-time day at Microsoft was June 27, 2008. He remains at Microsoft as non-executive chairman.

Early Life

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Born William Henry Gates III, on October 28, 1955, in Seattle, Washington. Gates began to show an interest in computer programming at the age of 13 at the Lakeside School. He pursued his passion through college. Striking out on his own with his friend and business partner Paul Allen, Gates found himself at the right place at the right time.
Bill Gates grew up in an upper middle-class family with two sisters: Kristianne, who is older, and Libby, who is younger. Their father, William H. Gates, Sr., was a promising, if somewhat shy, law student when he met his future wife, Mary Maxwell. She was an athletic, outgoing student at the University of Washington, actively involved in student affairs and leadership. The Gates family atmosphere was warm and close, and all three children were encouraged to be competitive and strive for excellence. Bill showed early signs of competitiveness when he coordinated family athletic games at their summer house on Puget Sound. He also relished in playing board games (Risk was his favorite) and excelled in Monopoly.

Bill was a voracious reader as a child, spending many hours pouring over reference books such as the encyclopedia. Around the age of 11 or 12, Bill’s parents began to have concerns about his behavior. He was doing well in school, but he seemed bored and withdrawn at times. His parents worried he might become a loner. Though they were strong believers in public education, when Bill turned 13 they enrolled him in Seattle’s Lakeside School, an exclusive preparatory school. He blossomed in nearly all his subjects, excelling in math and science, but also doing very well in drama and English.

When he was in the eighth grade, the Mothers Club at the school used proceeds from Lakeside School’s rummage sale to buy a Teletype Model 33 ASR terminal and a block of computer time on a General Electric (GE) computer for the school’s students. Gates took an interest in programming the GE system in BASIC, and was excused from math classes to pursue his interest. He wrote his first computer program on this machine: an implementation of tic-tac-toe that allowed users to play games against the computer. Gates was fascinated by the machine and how it would always execute software code perfectly. When he reflected back on that moment, he said, “There was just something neat about the machine. After the Mothers Club donation was exhausted, he and other students sought time on systems including DEC PDP minicomputers. One of these systems was a PDP-10 belonging to Computer Center Corporation (CCC), which banned four Lakeside students—Gates, Paul Allen, Ric Weiland, and Kent Evans—for the summer after it caught them exploiting bugs in the operating system to obtain free computer time.

At the end of the ban, the four students offered to find bugs in CCC’s software in exchange for computer time. Rather than use the system via Teletype, Gates went to CCC’s offices and studied source code for various programs that ran on the system, including programs in Fortran, Lisp, and machine language. The arrangement with CCC continued until 1970, when the company went out of business. The following year, Information Sciences, Inc. hired the four Lakeside students to write a payroll program in Cobol, providing them computer time and royalties. After his administrators became aware of his programming abilities, Gates wrote the school’s computer program to schedule students in classes. He modified the code so that he was placed in classes with mostly female students. He later stated that “it was hard to tear myself away from a machine at which I could so unambiguously demonstrate success.” At age 17, Gates formed a venture with Allen, called Traf-O-Data, to make traffic counters based on the Intel 8008 processor.In early 1973, Bill Gates served as a congressional page in the US House of Representatives.

Gates graduated from Lakeside School in 1973. He scored 1590 out of 1600 on the SAT and enrolled at Harvard College in the autumn of 1973. While at Harvard, he met Steve Ballmer, who later succeeded Gates as CEO of Microsoft.

Personal life

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Gates married Melinda French on January 1, 1994. They have three children: daughters Jennifer Katharine (b. 1996) and Phoebe Adele (b. 2002) and son Rory John (b. 1999). The family resides in the Gates’s home, an earth-sheltered house in the side of a hill overlooking Lake Washington in Medina. According to King County public records, as of 2006 the total assessed value of the property (land and house) is $125 million, and the annual property tax is $991,000.

Gates was number one on the Forbes 400 list from 1993 through to 2007 and number one on Forbes list of The World’s Richest People from 1995 to 2007 and 2009. In 1999, his wealth briefly surpassed $101 billion, causing the media to call Gates a “centibillionaire”. Despite his wealth and extensive business travel Gates usually flew coach until 1997, when he bought a private jet. Since 2000, the nominal value of his Microsoft holdings has declined due to a fall in Microsoft’s stock price after the dot-com bubble burst and the multi-billion dollar donations he has made to his charitable foundations. In a May 2006 interview, Gates commented that he wished that he were not the richest man in the world because he disliked the attention it brought. In March 2010, Gates was the second wealthiest person behind Carlos Slim, but regained the top position in 2013 according to the Bloomberg Billionaires List.

Gates has several investments outside Microsoft, which in 2006 paid him a salary of $616,667 and $350,000 bonus totalling $966,667.He founded Corbis, a digital imaging company, in 1989. In 2004 he became a director of Berkshire Hathaway, the investment company headed by long-time friend Warren Buffett.

Early Career

Gates enrolled at Harvard University in the fall, originally thinking of a career in law. But his freshman year saw him spend more of his time in the computer lab than in class. Gates did not really have a study regimen. Instead, he could get by on a few hours of sleep, cram for a test, and pass with a reasonable grade.

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Gates remained in contact with Paul Allen who, after attending Washington State University for two years, dropped out and moved to Boston, Massachusetts, to work for Honeywell. In the summer of 1974, Gates joined Allen at Honeywell. During this time, Allen showed Gates an edition of Popular Electronics magazine featuring an article on the Altair 8800 mini-computer kit. Both boys were fascinated with the possibilities this computer could make toward personal computing. The Altair was made by a small company in Albuquerque, New Mexico, called Micro Instrumentation and Telemetry Systems (MITS). Gates and Allen contacted the company proclaiming they were working on a BASIC software program that would run the Altair computer. In reality, they didn’t have an Altair to work with or the code to run it. But they wanted to know if MITS was interested in someone developing such software. MITS was, and its president Ed Roberts asked the boys for a demonstration. Gates and Allen scrambled, and spent the next two months writing the software at Harvard’s computer lab.

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Allen traveled to Albuquerque for a test run at MITS, never having tried it out on an Altair computer. It worked perfectly. Allen was hired at MITS and Gates soon left Harvard to work with him, much to his parents’ dismay. In 1975, Gates and Allen formed a partnership they called Micro-Soft,a blend of “micro-computer” and “software.”

Microsoft (Gates and Allen dropped the hyphen in less than a year) started off on shaky footing. Though their BASIC software program for the Altair computer netted the company a fee and royalties, it wasn’t meeting their overhead. Microsoft’s BASIC software was popular with computer hobbyists who obtained pre-market copies and were reproducing and distributing them for free. According to Gates’ later account, only about 10 percent of the people using BASIC in the Altair computer had actually paid for it. At this time, much of the personal computer enthusiasts were people not in it for the money. They felt the ease of reproduction and distribution allowed them to share software with friends and fellow computer enthusiasts. Bill Gates thought differently. He saw the free distribution of software as stealing, especially when it involved software that was created to be sold.

From Microsoft’s founding in 1975 until 2006, Gates had primary responsibility for the company’s product strategy. He aggressively broadened the company’s range of products, and wherever Microsoft achieved a dominant position he vigorously defended it. He gained a reputation for being distant to others; as early as 1981 an industry executive complained in public that “Gates is notorious for not being reachable by phone and for not returning phone calls.” Another executive recalled that after he showed Gates a videogame and defeated him 35 of 37 times, when they met again a month later Gates “won or tied every game. He had studied the game until he solved it. That is a competitor.”

As an executive, Gates met regularly with Microsoft’s senior managers and program managers. Firsthand accounts of these meetings describe him as verbally combative, berating managers for perceived holes in their business strategies or proposals that placed the company’s long-term interests at risk.

He often interrupted presentations with such comments as, “That’s the stupidest thing I’ve ever heard!” and, “Why don’t you just give up your options and join the Peace Corps?” The target of his outburst then had to defend the proposal in detail until, hopefully, Gates was fully convinced. When subordinates appeared to be procrastinating, he was known to remark sarcastically, “I’ll do it over the weekend.”

Gates’s role at Microsoft for most of its history was primarily a management and executive role. However, he was an active software developer in the early years, particularly on the company’s programming language products. He has not officially been on a development team since working on the TRS-80 Model 100,  but wrote code as late as 1989 that shipped in the company’s products. On June 15, 2006, Gates announced that he would transition out of his day-to-day role over the next two years to dedicate more time to philanthropy. He divided his responsibilities between two successors, placing Ray Ozzie in charge of day-to-day management and Craig Mundie in charge of long-term product strategy.

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