Bill Gates has been making headlines for his rivalry with Tesla CEO and now owner of Twitter, Elon Musk.
Musk has accused Gates of shorting Tesla stock, which is a way of getting money by betting that a company will lose value. This has been followed with insults aimed at Gates via Twitter.
In an interview with BBC Today’s programme, Gates denied having bet against the world’s richest man’s company. He said : “That has nothing to do with climate change. I have ways of diversifying.”
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William Henry Gates III, 66, is an American business magnate, software developer, investor, author and philanthropist. He is well known for being the co-founder of Microsoft alongside his late childhood friend Paul Allen.
What is Bill Gates’ net worth?
Gates is formerly the world’s richest person, but that title now belongs to Tesla CEO Elon Musk. The Microsoft co-founder has a net worth of reportedly $129.9 billion, which is £105.2 billion.
Gates is now the fourth richest person in the world, thanks to his stakes in Microsoft in the technology industry. His divorce from his wife of almost 30 years, Melinda French Gates, was finalised in August 2021.
The former couple were married for 27 years after tying the knot in 1994. They share four children together, Jennifer Katharine Gates, Rory John Gates and Phoebe Adele Gates.
How did Bill Gates make his money?
Bill Gates was born in a successful family with his father, William H. Gates Senior, having founded the law firm Shidler McBroom & Gates. Bill Senior also served as president of the Seattle King County and Washington State Bar associations.
Bill Gates junior’s mother, Mary Maxwell Gates, also served on the board of directors for First Interstate BancSystem and the United Way of America. Gates’ parents wanted him to follow a law career.
At the tender age of 13, Gates wrote his first software programme whilst enrolled in the private Lakeside prep school. After creating more programmes and algorithms, Gates later dropped out of Harvard University in 1975 when he and his childhood friend, Paul Allen, saw an opportunity to start their own computer software company.
The friends’ partnership fell under the title Micro-Soft, which is a combination of microcomputer and software. They dropped the hypen after a year and registered the name in 1976.
IBM and Microsoft partnered in July 1980, and in 1985, Microsoft and Gates released their first retail version of Microsoft Windows. Besides, the wealth made from his company, Gates also holds a multi-billion dollar investment portfolio with stakes in a number of sectors from think tanks to start-up companies.