WEBVTT 00:00:00.000 --> 00:00:03.280 Bill Gates is the world's second richest person. His 00:00:03.280 --> 00:00:06.400 net worth is more than ninety three billion dollars 00:00:07.040 --> 00:00:08.960 . If Gates gave every single person in the 00:00:08.960 --> 00:00:11.090 world ten dollars, he'd still have more than 00:00:11.090 --> 00:00:14.560 twenty billion dollars left. Gates became the world's 00:00:14.570 --> 00:00:17.560 youngest self made billionaire in history at age thirty 00:00:17.560 --> 00:00:20.390 one, holding the title until two thousand eight 00:00:20.520 --> 00:00:23.090 , when twenty three year old Mark Zuckerberg dethroned 00:00:23.090 --> 00:00:25.520 him. Gate spends his fortune on everything from 00:00:25.520 --> 00:00:28.040 luxury cars to taking care of his favorite tree 00:00:28.420 --> 00:00:30.150 , but his primary goal is to help the 00:00:30.150 --> 00:00:36.600 world. Bill Gates got an early start to 00:00:36.610 --> 00:00:39.360 building his fortune. At just seventeen, he 00:00:39.360 --> 00:00:41.700 sold his first computer program, a timetable ING 00:00:41.700 --> 00:00:43.960 system, to his private high school for forty 00:00:43.960 --> 00:00:46.970 two hundred dollars. Childhood friends Bill Gates and 00:00:46.980 --> 00:00:50.470 Paul Allen founded Microsoft in nineteen seventy five. In 00:00:50.470 --> 00:00:53.510 nineteen eighty, Microsoft developed an operating system for 00:00:53.510 --> 00:00:56.850 IBM first personal Computer. The system, M 00:00:56.850 --> 00:01:00.150 S Das soon became one of Microsoft's most profitable 00:01:00.160 --> 00:01:02.650 products, as it would develop into what would 00:01:02.660 --> 00:01:06.640 become the operating system for nearly every PC. When 00:01:06.640 --> 00:01:09.130 Microsoft one public, the company was valued at 00:01:09.140 --> 00:01:12.560 sixty one million dollars and Gates made one point 00:01:12.560 --> 00:01:15.560 six million dollars from selling shares. His remaining 00:01:15.560 --> 00:01:18.200 forty five percent stake in the company became worth 00:01:18.210 --> 00:01:22.090 walking three hundred fifty million dollars. Just thirty 00:01:22.090 --> 00:01:24.030 years old, Gates was already one of the 00:01:24.030 --> 00:01:27.670 wealthiest people in America. In nineteen ninety, Microsoft 00:01:27.680 --> 00:01:31.740 released another extremely successful product, Microsoft Office, which 00:01:31.740 --> 00:01:34.680 continues to be one of Microsoft's biggest products. Today 00:01:34.980 --> 00:01:37.360 , thirty years after its release, and when 00:01:37.360 --> 00:01:40.560 Windows ninety five watched in nineteen ninety five, Gates 00:01:40.560 --> 00:01:43.630 became the world two richest man, remaining there 00:01:43.640 --> 00:01:46.110 until Warren Buffett snack the spot in two thousand 00:01:46.110 --> 00:01:48.320 eight, who was knocked down by Jeff Pesos 00:01:48.320 --> 00:01:51.370 in two thousand seventeen. In nineteen ninety nine 00:01:51.370 --> 00:01:53.040 , at the height of the dot com boom 00:01:53.290 --> 00:01:55.930 , Bill Gates is Fortune briefly surpassed one hundred 00:01:55.940 --> 00:01:59.120 billion dollars. But it wasn't always smooth sailing 00:01:59.120 --> 00:02:01.340 for Gates. In two thousand, he stepped 00:02:01.340 --> 00:02:03.990 down a CEO while Microsoft was involved in an 00:02:03.990 --> 00:02:07.840 antitrust lawsuit filed by the Department of Justice. Following 00:02:07.840 --> 00:02:10.590 a ruling that the company had broken antitrust law 00:02:10.740 --> 00:02:13.710 , Microsoft stock price dropped fourteen percent. It 00:02:13.710 --> 00:02:16.880 took about fifteen years for Microsoft to recover, but 00:02:16.880 --> 00:02:20.220 since then the company has made strong progress. In 00:02:20.220 --> 00:02:22.870 two thousand eighteen, Microsoft had its first one 00:02:22.870 --> 00:02:25.900 hundred billion dollars sales here and ended the year 00:02:25.900 --> 00:02:29.010 as the most valuable company, passing both Apple 00:02:29.180 --> 00:02:32.140 and Amazon. Bill Gates has actually sold or 00:02:32.140 --> 00:02:35.270 donated most of his Microsoft shares. He's donated 00:02:35.270 --> 00:02:37.770 more than thirty five point eight billion dollars of 00:02:37.770 --> 00:02:40.240 his stock at this point. He currently only 00:02:40.240 --> 00:02:42.600 owns a little More than one percent of Microsoft 00:02:42.600 --> 00:02:46.050 shares without one percent is estimated to be worth 00:02:46.050 --> 00:02:49.650 around seven point three billion dollars. So Aldo 00:02:49.650 --> 00:02:52.180 Bill Gates might no longer be the world's richest 00:02:52.180 --> 00:02:55.440 man. He's still doing pretty well. The 00:02:55.440 --> 00:02:57.990 charitable foundation that Gates and his wife, Melinda 00:02:57.990 --> 00:03:00.880 , started the Bill and Melinda Gates Foundation is 00:03:00.880 --> 00:03:04.500 the world's largest private charitable foundation. It holds 00:03:04.500 --> 00:03:07.040 more than fifty billion dollars in assets and has 00:03:07.040 --> 00:03:10.440 donated forty billion dollars to various global education and 00:03:10.440 --> 00:03:13.070 health initiatives over two years. In two thousand 00:03:13.070 --> 00:03:15.280 ten, Bill and Melinda Gates teamed up of 00:03:15.280 --> 00:03:18.200 Warren Buffet to create the giving pledge. Those 00:03:18.200 --> 00:03:20.740 who join committed donating half of their wealth to 00:03:20.740 --> 00:03:24.440 charity. Although Gates is definitely dedicated to philanthropy 00:03:24.650 --> 00:03:26.490 , he isn't shy about spending his money on 00:03:26.490 --> 00:03:29.340 the things he loves. Like luxury vehicles. Force 00:03:29.340 --> 00:03:32.560 First Car Gates purchased the Porsche nine eleven. It 00:03:32.560 --> 00:03:34.480 was his first big splurge with his money from 00:03:34.480 --> 00:03:37.720 Microsoft and not a surprising choice considering Gates this 00:03:37.720 --> 00:03:40.110 love of speeding through the deserts of New Mexico 00:03:40.380 --> 00:03:42.810 , where Microsoft was based at the time. During 00:03:42.810 --> 00:03:45.480 the early days of Microsoft in the seventies, Gates 00:03:45.480 --> 00:03:48.050 was known for amassing speeding tickets, he said 00:03:48.050 --> 00:03:49.620 , speeding through the desert, helped to clear 00:03:49.620 --> 00:03:52.170 his head and was even arrested once, resulting 00:03:52.170 --> 00:03:55.200 in this now infamous mug shot. Gates has 00:03:55.200 --> 00:03:57.670 collected a number of luxury cars over the years 00:03:57.680 --> 00:03:59.810 , including a Ferrari three forty eight and a 00:03:59.810 --> 00:04:02.470 Jaguar X J six. His love of luxury 00:04:02.470 --> 00:04:05.950 vehicles extends beyond cars. In nineteen ninety seven 00:04:05.960 --> 00:04:08.240 , he purchased a twenty one million dollars jet 00:04:08.600 --> 00:04:10.690 . More recently, Gates chartered a yacht for 00:04:10.690 --> 00:04:13.610 five million dollars a week for family vacation in 00:04:13.610 --> 00:04:16.680 the Mediterranean. Even more impressive, however, is 00:04:16.680 --> 00:04:19.700 Gates is real estate portfolio. There is personal 00:04:19.700 --> 00:04:22.990 investment firm Cascade. Gates owns nearly half the 00:04:22.990 --> 00:04:25.730 Four Seasons Holdings hotel chain. He also has 00:04:25.730 --> 00:04:29.270 partial ownership of the Charles Hotel in Cambridge, Massachusetts 00:04:29.380 --> 00:04:31.040 . In two thousand nine, Gates bought a 00:04:31.040 --> 00:04:33.690 nine million dollar ranch in Wyoming that once belonged 00:04:33.690 --> 00:04:36.050 to Buffalo Bill, and in two thousand thirteen 00:04:36.270 --> 00:04:38.560 he purchased a four point five acre ranch in 00:04:38.560 --> 00:04:42.030 South Florida for eight point seven million dollars. Three 00:04:42.030 --> 00:04:44.550 years later, he made headlines for purchasing three 00:04:44.550 --> 00:04:48.070 of the neighboring properties for cool eighteen million dollars 00:04:48.120 --> 00:04:50.850 . Gates spent another eighteen million dollars on Jenny 00:04:50.850 --> 00:04:54.830 Craig Southern California horse ranch. Gates famously dedicated 00:04:54.840 --> 00:04:58.000 seven years and sixty three million dollars to build 00:04:58.000 --> 00:05:00.950 a massive high tech estate in Medina. Washington 00:05:01.340 --> 00:05:04.070 , which is also home to Jeff Bezos He 00:05:04.070 --> 00:05:06.870 names is a state Xanadu two point Oh, after 00:05:06.870 --> 00:05:09.550 the home of Charles Foster Kane and Citizen Kane 00:05:10.180 --> 00:05:12.390 Santa do two point Oh is estimated to be 00:05:12.390 --> 00:05:15.170 worth around one hundred thirty one million dollars. Today 00:05:15.330 --> 00:05:17.630 . It's home to eighty thousand dollars worth of 00:05:17.630 --> 00:05:20.110 computer screens hanging around the House that have the 00:05:20.110 --> 00:05:23.550 ability to display your favorite painting or photograph. Real 00:05:23.550 --> 00:05:25.940 paintings are also on display, like the Winslow 00:05:25.940 --> 00:05:29.310 Homer painting gates purchased for thirty six million dollars 00:05:29.420 --> 00:05:32.220 . There are six kitchen, seven bedrooms, eighteen 00:05:32.220 --> 00:05:35.160 point seventy five bathrooms and even a twenty three 00:05:35.160 --> 00:05:38.270 hundred square foot reception hall for hosting large scale 00:05:38.270 --> 00:05:41.550 events. The house is extremely high tech, outfitted 00:05:41.550 --> 00:05:44.040 with the sensor system that Taylor's to every guest 00:05:44.050 --> 00:05:47.280 temperature and lighting preferences via pin that every guest 00:05:47.280 --> 00:05:50.550 receives. And thanks to speakers hidden behind wallpaper 00:05:50.840 --> 00:05:53.800 Musical cos you into whatever room you enter and 00:05:53.800 --> 00:05:56.530 the estates library, you confine a Leonardo DaVinci 00:05:56.530 --> 00:05:59.960 manuscript that Gates paid thirty million dollars for nineteen 00:05:59.960 --> 00:06:02.140 ninety four. And, of course, gates 00:06:02.140 --> 00:06:05.070 is beloved. Luxury car collection is kept inside 00:06:05.070 --> 00:06:07.060 a custom built garage that can fit up to 00:06:07.060 --> 00:06:09.610 twenty three cars. However, not all of 00:06:09.620 --> 00:06:12.100 gates. His treasures are stored inside the estate 00:06:12.310 --> 00:06:14.920 . A separate thirty nine hundred square foot building 00:06:14.930 --> 00:06:17.780 houses a sixty foot pool that features an underwater 00:06:17.780 --> 00:06:20.711 music system. Meanwhile, Gates, his favorite 00:06:20.711 --> 00:06:22.721 tree Ah, forty year old maple by the 00:06:22.721 --> 00:06:26.111 driveway is under surveillance twenty four seven and is 00:06:26.121 --> 00:06:29.171 automatically pump of water if it becomes too dry 00:06:29.361 --> 00:06:31.951 for his lakeshore gates. Import sand all the 00:06:31.951 --> 00:06:34.841 way from St Lucia every year. Not all 00:06:34.841 --> 00:06:37.281 of Gates is purchases or this extravagant, though 00:06:37.771 --> 00:06:40.181 he wears a ten dollar wristwatch because he doesn't 00:06:40.181 --> 00:06:41.911 believe in spending a lot of money on what 00:06:41.921 --> 00:06:45.071 he wears on reportedly has a taste for McDonald's 00:06:45.081 --> 00:06:47.351 and Diet Coke. Gates share that he usually 00:06:47.351 --> 00:06:49.661 drinks anywhere from three to four cans of Diet 00:06:49.661 --> 00:06:53.311 Coke a day. Gates is Frugality also extends 00:06:53.311 --> 00:06:55.861 to his children. Each of his three children 00:06:55.861 --> 00:06:58.631 will receive ten million dollars, which means they're 00:06:58.641 --> 00:07:01.101 each getting less than one point one percent of 00:07:01.101 --> 00:07:03.951 their father's total fortune. Gates has said that 00:07:03.951 --> 00:07:06.341 he wants his children to succeed on their own 00:07:06.471 --> 00:07:08.221 . In the end, the majority of Bill 00:07:08.221 --> 00:07:10.841 Gates is massive wealth will go to charity. When 00:07:10.841 --> 00:07:13.071 asked about his top goals during a Reddit Q 00:07:13.071 --> 00:07:15.441 and A, Gates explained that he's focused on 00:07:15.441 --> 00:07:18.141 working with this foundation to reduce childhood death and 00:07:18.141 --> 00:07:21.081 malnutrition, as well as two and polio. He 00:07:21.081 --> 00:07:23.501 also cited global warming as one of his primary 00:07:23.501 --> 00:07:27.061 concerns. Most recently, Gates continued his tradition 00:07:27.061 --> 00:07:29.851 of reflecting on the past year online. While 00:07:29.851 --> 00:07:32.681 Gates listen usually make a New Year's resolution for 00:07:32.681 --> 00:07:35.551 twenty nineteen, he's committing to learning and thinking 00:07:35.551 --> 00:07:38.851 about the balance between privacy and innovation and the 00:07:38.861 --> 00:07:42.001 use of technology and education. After launching a 00:07:42.001 --> 00:07:45.571 successful software empire, building an enormous fortune and 00:07:45.571 --> 00:07:47.811 battling the U. S. Government over antitrust 00:07:47.811 --> 00:07:51.071 allegations, it seems Bill Gates ultimately intends to 00:07:51.071 --> 00:07:53.181 dedicate a large part of his wealth to fight 00:07:53.181 --> 00:07:55.501 for causes he believes in a leave behind a