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Bill Gates is an American business magnate, chairman of Microsoft, philanthropist, author, and one of the richest people in the world who have a net worth of $78.2 billion dollars. Gates co-founded the software company Microsoft with Paul Allen, and is known as one of the premiere entrepreneurs of the personal computer revolution.


With the release of the MITS Altair 8800 based on the Intel 8080 CPU, Gates and Allen saw this as the opening they needed to create their own computer software company. The creators of the new microcomputer, Micro Instrumentation and Telemetry Systems (MITS), formed a partnership with Gates and Allen using their Altair emulator that ran on a minicomputer, and then the BASIC interpreter. The trade name "Microsoft" was registered November 26, 1976.


Gates and his wife combined three family foundations to create the charitable Bill & Melinda Gates Foundation in 2000, the largest transparently operated charitable foundation in the world. Gates announced on June 15, 2006 that he would transition out of his day-to-day role at Microsoft over the next two years in order to dedicate more time to philanthropy.

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