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: Bill Gates 2004 cr.
William Henry Gates III
Image:Bill Gates 2004 cr.jpg Bill Gates at IT Forum in Copenhagen, Denmark, November 16, 2004, photo by Kees de Vos |
| Born:
| October 28 1955 (age�51) Image:Flag of the United States.svgSeattle, Washington, USA
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| Occupation:
| Chairman, Microsoft
| | Salary: | US$966,667[Year 2006 compensation: salary $616,667, bonus $350,000. From Microsoft's Proxy Statement] |
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| Net worth: | Image:Green Arrow Up.svg7.5% to US$53.0 billion (2006)[Net worth: from Forbes: The 400 Richest Americans, dated March 9 2006.] |
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| Spouse: | Melinda Gates |
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| Children: | 3 |
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| Website: | microsoft.com/billgates
Gates Foundation |
- For other persons named Bill Gates, see Bill Gates (disambiguation).
William Henry Gates III (born October 28 1955 in Seattle, Washington) is an American entreprenuer and the co-founder, chairman, former chief software architect, and former chief executive officer of Microsoft, the world's leading software company. Forbes magazine's The World's Billionaires list has ranked him as the richest person on earth for the last thirteen consecutive years, with a current net worth of approximately $53 billion. When family wealth is considered, his family ranks second behind the Walton family.["The 100 Richest In The World", Times Online, Times Newspapers, April 22, 2006.]["Sunday Times Rich List - Rules of engagement", Times Online, Times Newspapers, April 26, 2006.]
Gates is one of the best-known entrepreneurs of the personal computer revolution. He is widely respected for his foresight and ambition.[Staff writer. "Vietnam gives Gates star welcome", BBC News, 2006-04-22. Retrieved on 2006-11-19.][Baldauf, Scott. "Gates, the biggest thing in India since the Beatles", Christian Science Monitor, 2002-11-14. Retrieved on 2006-11-19.]
He is also frequently criticized as having built Microsoft through unfair or unlawful business practices. Since amassing his fortune, 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, founded in 2000.
Contents
- 1 Early life
- 2 Microsoft
- 2.1 BASIC
- 2.2 IBM partnership
- 2.3 Windows
- 2.4 Bill Gates' role
- 3 Personal life
- 3.1 Wealth and investments
- 3.2 Philanthropy
- 4 Publicity
- 4.1 Awards and recognition
- 4.2 Popular portrayals
- 5 Works
- 6 References and footnotes
- 7 Further reading
- 8 External links
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Early life
William Henry Gates III was born in Seattle, Washington to William H. Gates, Jr. (now Sr.) and Mary Maxwell Gates. His family was wealthy; his father was a prominent lawyer, his mother served on the board of directors for First Interstate Bank and the United Way, and her father, J. W. Maxwell, was a national bank president. Gates has one older sister, Kristi (Kristianne), and one younger sister, Libby. He was the fourth of his name in his family, but was known as William Gates III or "Trey" because his father had dropped his own "III" suffix.[Manes, Stephen, and Paul Andrews (1993). Gates: How Microsoft's Mogul Reinvented an Industry and Made Himself The Richest Man in America. Touchstone. ISBN 0-385-42075-7.] Several sources have claim that Maxwell set up a million-dollar trust fund for Gates.[Wallace, James, and Jim Erickson (1993). Hard Drive: Bill Gates and the Making of the Microsoft Empire. John Wiley & Sons. ISBN 0-471-56886-4.]
However, a 1993 biographer who interviewed both Gates and his parents (among other sources) found no evidence of this and dismissed it as one of the "fictions" surrounding Gates's fortune. Gates vehemently denied the trust fund story in a 1994 interview with Playboy,[Staff writer (1994-12-08). "The Bill Gates Interview". Playboy. Retrieved on 2006-05-16.]
Gates excelled in elementary school, particularly in mathematics and the sciences. At thirteen he enrolled in the Lakeside School, Seattle's most exclusive preparatory school where tuition in 1967 was $5,000 (Harvard tuition that year was $1,760). When he was in the eighth grade, Lakeside obtained an ASR-33 teletype terminal and a donation of computer time on a General Electric computer from a "Mothers Club" rummage sale. Gates took an interest in programming the GE system in BASIC and was excused from math classes to pursue his interest. After the Mothers Club donation was exhausted he and other students sought time on other systems, including DEC PDP minicomputers. One of these systems was a PDP-10 belonging to Computer Center Corporation, which banned the Lakeside students for the summer after it caught them exploiting bugs in the operating system to obtain free computer time.
Image:Bill-gates-mugshot.jpg Bill Gates was arrested at least twice in New Mexico: once in 1975 for speeding and driving without a license, and in 1977 when this photograph was taken.
At the end of the ban, the Lakeside students (Gates, Paul Allen, Ric Weiland, and Kent Evans) offered to find bugs in CCC's software in exchange for free 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, not only in BASIC but FORTRAN, LISP, and machine language as well. The arrangement with CCC continued until 1970, when it went out of business. The following year Information Sciences Inc. hired the Lakeside students to write a payroll program in COBOL, providing them not only computer time but royalties as well. Gates also formed a venture with Allen, called Traf-O-Data, to make traffic counters based on the Intel 8008 processor.[Gates, Bill. Interview with David Allison., Bellevue, WA. 1993.
] [Chposky, James, and Ted Leonsis (1989). Blue Magic: The People, the Power and the Politics Behind the IBM Personal Computer. Grafton. ISBN 0-246-13445-3.]
According to a press inquiry, Bill Gates stated that he scored 1590 on his SATs.[Want to get rich? Don't get born in Afghanistan. Retrieved on 2006-09-17.]
He enrolled at Harvard University in the fall of 1973 intending to get a pre-law degree,[http://ei.cs.vt.edu/~history/Gates.Mirick.html#business]
but did not have a definite study plan,[Gates, Bill. Interview with Larry King. Larry King Live. CNN, Redmond, WA. 2000-01-01. (Transcript).
]
While at Harvard he met his future business partner, Steve Ballmer.
Microsoft
Main article: Microsoft
BASIC
After reading the January 1975 issue of Popular Electronics that demonstrated the Altair 8800, Gates contacted MITS (Micro Instrumentation and Telemetry Systems), the creators of the new microcomputer, to inform them that he and others were working on a BASIC interpreter for the platform.[Key Events In Microsoft History. Retrieved on 1 October, 2005. (DOC format) ] In reality, Gates and Allen did not have an Altair and had not written code for it; they merely wanted to gauge MITS's interest. MITS president Ed Roberts agreed to meet them for a demo, and over the course of a few weeks they developed an Altair emulator that ran on a minicomputer, and then the BASIC interpreter. The demonstration, held at MITS's offices in Albuquerque, was a success and resulted in a deal with MITS to distribute the interpreter as Altair BASIC. Gates took a leave of absence from Harvard to work with Allen at MITS, and they dubbed their partnership Micro-Soft.[Microsoft history at the History of Computing Project. Retrieved on August 11, 2005.]
In 1984, Bill Gates appeared on the cover of TIME Magazine; he has since appeared seven more times.
Microsoft's BASIC was popular with computer hobbyists, but Gates discovered that a pre-market copy had leaked into the community and was being widely copied and distributed. In February 1976, Gates wrote an Open Letter to Hobbyists in the MITS newsletter saying that MITS could not continue to produce, distribute, and maintain high-quality software without payment.[Bill Gates, An Open Letter to Hobbyists, February 3 1976] This letter was unpopular with many computer hobbyists, but Gates persisted in his belief that software developers should be able to demand payment. Microsoft became independent of MITS in late 1976, and it continued to develop programming language software for various systems.
Image:Gates Dreaming.jpg Gates with Steve Jurvetson of DFJ, Stratton Sclavos of Verisign and Greg Papadopoulos of Sun Microsystems, October 1, 2004.
According to Gates, people at Microsoft often did more than one job during the early years; whoever answered the phone when an order came in was responsible for packing and mailing it. Gates oversaw the business details, but continued to write code as well. In the first five years, he personally reviewed every line of code the company shipped, and often rewrote parts of it as he saw fit.
IBM partnership
In 1980 IBM approached Microsoft to make the BASIC interpreter for its upcoming personal computer, the IBM PC. When IBM's representatives mentioned that they needed an operating system, Bill Gates referred them to Digital Research, makers of the widely used CP/M operating system.[John Steele Gordon Michael Maiello (2002-12-23). Pioneers Die Broke. Forbes. Retrieved on 2006-07-05.]
Despite at least two rounds of negotiation, IBM and DRI did not reach a licensing agreement. IBM representative Jack Sams mentioned the licensing difficulties during a subsequent meeting with Gates, and Gates told him about 86-DOS (QDOS), an operating system similar to CP/M that Seattle Computer Products had made for hardware similar to the PC. Gates asked Sams whether he wanted to talk to SCP or let Gates arrange the deal, and Sams left the negotiations to Gates. Microsoft made a deal with SCP to become the exclusive licensing agent for 86-DOS, but did not mention that IBM was a potential customer. After adapting the operating system for the PC, Microsoft delivered it to IBM as PC-DOS in exchange for a one-time fee.[MS DOS and PC DOS. Lexikon's History of Computing. Retrieved on 2006-07-05.] Gates never understood why DRI had walked away from the deal, and in later years he claimed that DRI founder Gary Kildall capriciously "went flying" during an IBM appointment, a characterization that Kildall and other DR employees would deny.
Later, after Compaq successfully cloned the IBM BIOS, the market saw a flood of IBM PC clones.[Booting Your PC: Getting Up Close & Personal With A Computer’s BIOS. Smart Computing (November 1999). Retrieved on 2006-09-02.] Microsoft was quick to license DOS to other manufacturers, calling it MS-DOS (for Microsoft Disk Operating System). By marketing MS-DOS aggressively to manufacturers of IBM-PC clones, Microsoft went from a small player to one of the major software vendors in the home computer industry. Microsoft continued to develop operating systems as well as software applications.["When It Comes To DOS, You Now Have A Choice", Smart Computing, June 1994. Retrieved on 2006-07-05.]["Microsoft to Microsoft disk operating system (MS-DOS)", Smart Computing, March 2002. Retrieved on 2006-07-05.]
Windows
- See also: History of Microsoft Windows
In the early 1980s Microsoft introduced its own version of the graphical user interface (GUI), based on ideas pioneered by the Xerox corporation, and further pioneered and developed by Apple.[Opinion, Apple Computer, Inc. v. Microsoft Corporation. U.S. 9th Circuit Court of Appeals, 1994.] Microsoft released "Windows" as an addition and alternative to their DOS command line, and to compete with other systems on the market that employed a GUI. By the early 1990s, Windows had pushed other DOS-based GUIs like GEM and GEOS out of the market. The release of Windows 3.0 in 1990 was a tremendous success, selling around 10 million copies in the first two years and cementing Microsoft's dominance in operating systems sales.[http://www.kernelthread.com/mac/vpc/win.html]
By continuing to ensure, by various means, that most computers came with Microsoft software pre-installed, the Microsoft corporation eventually became the largest software company in the world, earning Gates enough money that Forbes Magazine named him the wealthiest person in the world for several years.[The software superpower. BBC (2000-01-14). Retrieved on 2006-09-05.][Bill Gates tops Forbes rich list. BBC (2004-09-24). Retrieved on 2006-09-05.] Gates served as the CEO of the company until 2000, when Steve Ballmer took the position. Microsoft has thousands of patents, and Gates has nine patents to his name.[USPTO - "Microsoft Corporation": 5373 patents. DB search]
Bill Gates' role
Bill Gates giving his deposition at Microsoft on August 27 1998
Since Microsoft's founding in 1975 and as of 2006, Gates has had primary responsibility for Microsoft's product strategy. He has aggressively broadened the company's range of products, and wherever Microsoft has achieved a dominant position he has vigorously defended it. Many decisions that have led to antitrust litigation over Microsoft's business practices have had Gates' approval. In the 1998 United States v. Microsoft case, Gates gave deposition testimony that several journalists characterized as evasive. He argued over the definitions of words such as: compete, concerned, ask, and we.[CNN, Gates deposition makes judge laugh in court, November 17 1998] BusinessWeek reported:
Early rounds of his deposition show him offering obfuscatory answers and saying 'I don't recall' so many times that even the presiding judge had to chuckle. Worse, many of the technology chief's denials and pleas of ignorance were directly refuted by prosecutors with snippets of e-mail Gates both sent and received.[BusinessWeek, Microsoft's Teflon Bill, 11/30/98]
Despite denials by Bill Gates, the judge ruled that Microsoft had committed monopolization and tying, blocking competition, in violation of the Sherman Act.
Gates meets regularly with Microsoft's senior managers and program managers. By all accounts he can be extremely confrontational during these meetings, particularly when he believes that managers have not thought out their business strategy or have placed the company's future at risk.[Steve Ballmer (October 9 1997). Steve Ballmer Speech Transcript - Church Hill Club. Microsoft PressPass. Microsoft. Retrieved on 2006-05-16.] He has been described shouting at length at employees before letting them continue, with such remarks 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?"[David Bank (February 1 1999). Breaking Windows. Wall Street Journal. Retrieved on 2006-05-16.] However, he often backs down when the targets of his outbursts respond frankly and directly.[The Gates Operating System. Time (January 13 1997). Retrieved on 2006-05-16.] When he is not impressed with the technical hurdles managers claim to be facing, he sometimes quips, "Do you want me to do it over the weekend?"[Herbold, Robert J. (2002-01-01). "Inside Microsoft: Balancing Creativity and Discipline". Harvard Business Review. Retrieved on 2006-05-16.]
Gates' role at Microsoft for most of its history has been 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 line, but he wrote code as late as 1989 that shipped in the company's products.[Remarks by Bill Gates. Microsoft (September 26 1997). Retrieved on 2006-05-16.] 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 appointed Ray Ozzie as the new Chief Software Architect and planned to remain as chairman, advising the company on key projects.[Microsoft PressPass. "Microsoft Announces Plans for July 2008 Transition for Bill Gates", Microsoft PressPass, June 15, 2006.]
One of his last initiatives before announcing his departure was the creation of a robotics software group at Microsoft.
Personal life
Bill Gates married Melinda French of Dallas, Texas on January 1 1994. They have three children: Jennifer Katharine Gates (1996), Rory John Gates (1999) and Phoebe Adele Gates (2002).
Bill Gates' house is one of the most expensive houses in the world, and is a modern 21st century earth-sheltered home in the side of a hill overlooking Lake Washington in Medina, Washington. 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 just under $1 million. Also among Gates' private acquisitions are the Codex Leicester and a collection of writings by Leonardo da Vinci which Gates bought for USD $30.8 million at an auction in 1994.[http://www.mos.org/leonardo/bio.html]
Gates's e-mail address has been widely publicized and he received as many as 4,000,000 e-mails per day in 2004, most of which were spam. He has almost an entire department devoted to filtering out junk emails.[Staff writer. "Bill Gates 'most spammed person'", BBC News, 2004-11-18. Retrieved on 2006-11-19.] Gates says that most of this junk mail "offers to help [him] get out of debt or get rich quick," which "would be funny if it weren't so irritating."[Gates, Bill. "Why I Hate Spam", Wall Street Journal, 2003-06-23. Retrieved on 2006-11-19.]
Wealth and investments
Gates has been number one on the "Forbes 400" list from 1993 through to 2006 and number one on Forbes list of "The World's Richest People" from 1995-2006 with 50 billion US dollars. In 1999, Gates' wealth briefly surpassed $100 billion making him the world's first centibillionaire (as measured in U.S. dollars).[Bill Gates - Founder of Microsoft. Lycos Canada Money.]
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 and the multi-billion dollar donations he has made to his charitable foundations. In May 2006, Gates said in an interview that he wished that he were not the richest man in the world, stating that he disliked the attention it brought.[Bolger, Joe. "I wish I wasn't the richest man in the world, says Bill Gates", The Times, 2006-05-05. Retrieved on 2006-11-19.]
Gates has several investments outside Microsoft. He founded Corbis, a digital imaging company, in 1989. In 2004 he became a director of Berkshire Hathaway, the investment company headed by longtime friend Warren Buffett.[Fried, Ina. "Gates joins board of Buffett's Berkshire Hathaway", CNET News.com, 2004-12-14. Retrieved on 2006-11-19.]
He is a client of Cascade Investment Group, a wealth management firm with diverse holdings.
Philanthropy
In 2000, Gates founded the Bill & Melinda Gates Foundation, a charitable organization, with his wife. The foundation's grants have provided funds for college scholarships for under-represented minorities, AIDS prevention, diseases prevalent in third world countries, and other causes. In 2000, the Gates Foundation endowed the University of Cambridge with $210 million for the Gates Cambridge Scholarships. The Foundation has also pledged over $7 billion to its various causes, including $1 billion to the United Negro College Fund. According to a 2004 Forbes magazine article, Gates gave away over $29 billion to charities from 2000 onwards. These donations are usually cited as sparking a substantial change in attitudes towards philanthropy among the very rich, with philanthropy becoming the norm.[A survey of philanthropy by The Economist 25 February 2006 noted, "The media, which used to take little notice of charitable donations, now eagerly rank the super-rich by their munificence..."]
On June 16, 2006, Bill Gates announced that he would move to a part-time role with Microsoft (leaving day-to-day operations management) in 2008 to begin a full-time career in philanthropy, but would remain as chairman. Days later Warren Buffett announced that he would begin matching Gates's contributions to the Foundation.[NPR: "Buffett Gift Sends $31 Billion to Gates Foundation," NPR All Things Considered, 26-June-2006, webpage: NPR-Buffett.]
Publicity
Awards and recognition
Time Magazine named Gates one of the 100 people who most influenced the 20th century, as well as one of the 100 most influential people of 2004, 2005 and again in 2006. Gates and Oprah Winfrey are the only two people to make all four lists. Time also collectively named Gates, his wife Melinda and U2's lead singer Bono as the 2005 Persons of the Year for their humanitarian efforts. That same year he was made an honorary Knight Commander of the Order of the British Empire by Queen Elizabeth II. In 2006, Gates Foundation was awarded the Premio Príncipe de Asturias en Cooperación Internacional. In a list compiled by the magazine New Statesman in 2006, he was voted eighth in the list of "Heroes of our time".[Jason Cowley. "Heroes of our time - the top 50", New Statesman, May 22, 2006.] Gates was listed in the Sunday Times power list in 1999, named CEO of the year by Chief Executive Officers magazine in 1994, ranked number one in the "Top 50 Cyber Elite" by Time in 1998, ranked number two in the Upside Elite 100 in 1999 and was included in The Guardian as one of the "Top 100 influential people in media" in 2001.
Gates has received three honorary doctorates, from the Nyenrode Business Universiteit, Breukelen, The Netherlands in 2000,[nyenrode.nl] the Royal Institute of Technology, Stockholm, Sweden in 2002 and Waseda University, Tokyo, Japan in 2005. Gates was also given an honorary KBE (Knighthood) from Queen Elizabeth II of the United Kingdom in 2005,[BBC, Knighthood for Microsoft's Gates, March 2 2005] in addition to having entomologists name the Bill Gates flower fly, Eristalis gatesi, in his honor.[Bill Gates' Flower Fly Eristalis gatesi Thompson]
Bill and Melinda received the Prince of Asturias Award for International Cooperation on May 4, 2006, in recognition of their world impact through charity giving.[Bill and Melinda Gates named in Top 10 Persons of 2006, Retrieved May 9, 2006] In November 2006, he and his wife were awarded the Order of the Aztec Eagle for their philanthropic work around the world in the areas of health and education, particularly in Mexico, and specifically in the program "Un país de lectores".[http://diariooficial.segob.gob.mx/nota_detalle.php?codigo=4936346 (Spanish) Diario Oficial de la Federacion, Proclamation of the Award]
Popular portrayals
Main article: List of portrayals of and references to Bill Gates
Gates is often characterized as the quintessential example of a super-intelligent "nerd" with immense power and wealth. This has in turn led to pop culture stereotypes of Gates as a tyrant or evil genius, often resorting to ruthless business techniques. As such he has been the subject of numerous parodies in film, television, and video games.
Works
Gates has published several essays throughout the years based on his theories, predictions and visions of the computing industry. In these publications he often expresses his personal views on current topics, and discusses Microsoft's plans. His writings have been published by BusinessWeek, Newsweek, USA Today, The Economist and Time. Some of his publications since 1997 include:
- Person of the Year, Time, December 2 2005
- The New World of Work, Executive E-mail, May 19 2005
- The PC Era Is Just Beginning, Business Week, March 22 2005
- Building Software That Is Interoperable by Design, Executive E-Mail, February 3 2005
- The Enduring Magic of Software, InformationWeek, October 18 2004
- Preserving and Enhancing the Benefits of E-mail: A Progress Report, Executive E-mail, June 28 2004
- Microsoft Progress Report: Security, Executive E-mail, March 31 2004
- Losing Ground in the Innovation Race?, CNET News.com, February 25 2004
- A Spam-Free Future, The Washington Post, November 24 2003
- Why I Hate Spam, The Wall Street Journal, June 23 2003
- Building Trust in Technology, Global Agenda 2003 (World Economic Forum), January 23 2003
- Security in a Connected World, Executive E-Mail, January 23 2003
- The Disappearing Computer, The World in 2003 (The Economist), December 2002
- Slowing the Spread of AIDS in India, The New York Times, November 9 2002
- Trustworthy Computing, Executive E-Mail, July 18 2002
- Computing You Can Count on, April 2002
- Tech in a Time of Trouble, The World in 2002 (The Economist), December 2001
- Moving into the Digital Decade, October 29 2001
- The PC: 20 Years Young, August 12 2001
- Why We’re Building .NET Technology, June 18 2001
- Shaping the Internet Age, Internet Policy Institute, December 2000
- Now for an Intelligent Internet, The World in 2001 (The Economist), November 2000
- Will Frankenfood Feed the World?, Time, June 19 2000
- Yes, More Trade with China, Washington Post, May 23 2000
- The Case for Microsoft, Time, May 7 2000
- Enter "Generation i", Instructor, March 2000
- Product Distribution Goes Digital, IEEE Internet Computing, January 2000
- Beyond Gutenberg, The World in 2000 (The Economist), November 1999
- Everyone, Anytime, Anywhere, Forbes ASAP, October 4 1999
- The Second Wave, IEEE Internet Computing Magazine, August 18, 1999
- Microprocessors Upgraded the Way We Live, USA Today, June 22 1999
- Why the PC Will Not Die, Newsweek, May 31 1999
- The Wright Brothers: The 100 Most Important People of the Century, Time, March 29 1999
- Compete, Don't Delete, The Economist, June 13 1998
- Who Decides What Innovations Go into Your PC?, 1997
References and footnotes
Further reading
- Harold Evans (2004). They Made America�: Two Centuries of Innovators from the Steam Engine to the Search Engine". Little, Brown. ISBN 0-316-27766-5.
- Bill Gates, Business @ The Speed of Thought ISBN 0-446-67596-2 (1999)
- Bill Gates, The Road Ahead ISBN 0-14-026040-4 (1996)
- James Wallace, Hard Drive: Bill Gates and the Making of the Microsoft Empire Harper Business. ISBN 0-88730-629-2 (1993)
- James Wallace, Overdrive: Bill Gates and the Race to Control Cyberspace, John Wiley & Sons. ISBN 0-471-18041-6 (1997)
- Janet Lowe, Bill Gates Speaks: Insight from the World's Greatest Entrepreneur, John Wiley & Sons. ISBN 0-471-29353-9 (1998)
- Jennifer Edstrom and Marlin Eller, Barbarians Led by Bill Gates: Microsoft from the Inside Henry Holt & Company. ISBN 0-8050-5755-2 (1999)
- Jeanne M. Lesinski, Bill Gates, Lerner Publications Company. ISBN 0-8225-9689-X (2000)
- David Bank, Breaking Windows: How Bill Gates Fumbled the Future of Microsoft, Free Press. ISBN 0-7432-0315-1 (2001)
External links
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