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Entertainment July 12, 2017
The world's richest man is also probably the world's most giving man.
Bill Gates is the co-founder of Microsoft and is also the richest person in the world. So, it’s probably no surprise that Forbes estimates the total Bill Gates net worth to be $86 billion.
According to an analysis from CNBC using data from Oxfam, the 61-year-old could also become the nation’s first trillionaire. Oxfam reported billionaires experience an average rate of 11 percent growth every year. If he continues the rate of profit he’s currently at, he could reach a trillion dollars by the time he’s 86.
Talk about success goals.
If you’re looking to reach Bill Gates’ net worth – or even a fraction of it – here are five facts you need to know about his money and businesses.
Going by his net worth, it’s estimated he makes around $240 million a day. Although he no longer works at Microsoft full time, Gates is still on the board. He’s definitely still got a hand in the company he began.
The Bill and Melinda Gates Foundation is the world’s largest private charitable foundation that attempts to save lives and improve global health, reports Forbes. Gates is currently working with Rotary International to eliminate polio.
And in late 2016, he announced that he’s launching a billion-dollar breakthrough energy investment fund. So far, he’s donated about $30 billion through his foundation. He’s also a founder of The Giving Pledge, a pledge where the richest people in the world commit to giving away more than half of their worth.
But despite all of his charitable donations through his foundation, he has managed to increase his net worth by $25 billion in six years.
In 2012, he bought a $125 million mansion in Medina, Washington. But this isn’t your average big house.
According to Business Insider, it took Gates seven years and $63 million to build his estate named “Xanadu 2.0,” which is named after the home in the film, “Citizen Kane.” The house is 66,000 square feet and includes multiple high-tech tools, including a high-tech sensor to monitor the lighting and temperature of a room and computer screens that display different paintings and photographs.
Gates has also invested in many different companies. According to The Richest, he earned $72 billion in 2013 from his stakes alone.
Here are some of his biggest investments:
No wonder his net worth just keeps multiplying!
Gates has three children: Jennifer Katharine, Rory John and Phoebe Adele. With his massive fortune, you’d assume Gates’ children wouldn’t have to work a day in their lives, but Melinda and Bill have promised to give their fortune away to charity. And despite what you may think, Gates told ITV that his kids were proud of his decision to give his money away.
His kids aren’t completely on their own, though. Gates also told ITV that he will ensure his children go to great schools. “Our kids will have a great education and some money so they are never going to be poorly off but they’ll go out and have their own career,” he said. “It’s not a favor to kids to have them have huge sums of wealth. It distorts anything they might do.”
Bill Gates is the richest man in the world, but that clearly comes from his ability to spend his money wisely. That’s definitely the most important lesson we can learn from him.
