1.You'd think that we'd know every detail of the life of the richest man in the world You'd think that we'd know every detail of the life of the richest man in the world, especially since he's been number one on the Forbes list 17 out of the last 22 years. But Bill Gates doesn't get a ton of attention. There've been two movies about Steve Jobs and a dissection of everything Apple, but the founder of Microsoft tends to keep a fairly low profile. So, get to know a little bit about the world's most famous college dropout billionaire.
2.Harvard was a lot harder than he thought it would be It clearly takes brains to become a billionaire, unless your name rhymes with Fronald Frump. Bill Gates always knew he was much smarter than average Seattle youngster. So, in high school, he'd show off his smarts, undoubtedly to impress the ladies. Classes were a breeze, and when he got into Harvard, he figured he'd waltz right through the Ivy League school like a badass nerd genius. Unbeknownst to him, Harvard was hard. It's practically in the name. He got a B in his first theoretical math class, a completely new experience. So Gates changed his major from theoretical math to applied math after his horrible defeat. But a one-time B was far from his last failure.
3.Before Microsoft, he had a company called Traf-O-Data that was a complete failure
Eventual co-owner of Microsoft Paul Allen met Gates in high school. One summer, when Allen was back in Seattle from college and Gates was a high school senior, they started a business. You know, just normal teenage boy shenanigans.
They created a minicomputer to track the flow of traffic. Though that sounds incredibly boring, it could be very useful to cities wanting to know where to place new traffic signals or stop signs or make road alterations or repairs. Gates came up with the name "Traf-O-Data," like it was some kind of horrible date-based candy. Gates and Allen had a working prototype two years and $1,500 later.
4.He was arrested in New Mexico Generally, Gates doesn't seem like a guy with a long rap sheet. But looks can be deceiving. In 1977, Gates was arrested in New Mexico, though his exact crime wasn't recorded. Could it be some kind of computer/drug smuggling scheme? No: it was a traffic violation, and they just didn't record what specific error led to his arrest. Though the details are sketchy, it definitely happened, and Albuquerque has the smiling mug shot to prove it. It's doubtful that DUI was to blame, since few drunks can look so clean cut and wholesome while the cops are documenting their crimes.
5.Said "no one is getting rich" making software in 1980 In 1976, Gates wrote an "Open Letter to Hobbyists," to discourage computer hobbyists from using his software without paying. The technology was so new it wasn't clearly covered under copyright law. Gates was adamant that the "share and share alike" culture of early computer fiends would discourage programmers from bothering to make new software if they knew it would only be stolen. Gates thought the letter would be the end of it, since open letters asking people to start paying for stuff they can get for free are usually very effective. But copyright law remained cloudy. In 1979, a federal court ruled that one company selling an exact copy of another company's computer chess game was not a violation of the law. By 1980, Gates had to speak out again about unlicensed software usage. In an interview with 80 Microcomputing Magazine, the hottest of all microcomputing magazines of 1980, Gates detailed the importance of software copyright and made this incredibly unprecient statement: "There's nobody getting rich writing software that I know of." This was true at the time, and with the licensing issues and completely uncharted territory of the software world, Gates had no reason to think he'd wind up the richest man in the world. Still, that's a quote that probably won't end up on a lot of inspirational Facebook memes.
6.Gates was critical of Paul Allen's efforts when Allen was sick with cancer Gates and Allen had a long relationship of working together. After the Traf-O-Data failure, the two pressed on, working feverishly to create software needed for the upcoming computer world. Since Gates named Traf-O-Data, Allen thought it best to take over the naming of any future endeavors, and he came up with the now legendary name "Microsoft." Gates had a lot of respect for Allen. In fact, he dropped out of Harvard his sophomore year to join Allen in New Mexico to grow their business. But he didn't always treat him as an equal. When they debuted their first major project, the programming language BASIC, Gates spent hours double-checking all of Allen's work. Turns out, it was error-free. Despite Allen's major contributions to Microsoft, in 1982, he overheard Gates and Steve Ballmer (who ran the business side of the company) talking about Allen's diminishing contributions, conspiring about how they could dilute his equity. But Allen wasn't just slacking off. He had cancer. Allen called them out on their little "try to weasel money from the guy with cancer" plan and quit the company a while later. Luckily, Gates's cheapness worked to Allen's advantage. Gates wanted to buy Allen out of his stock holdings at $5 a share. Allen wanted $10, Gates said "no thank you," so Allen kept his stock. Now, he has almost $20 billion, all because of Bill Gates's cheap-o ways.
7.Gates dealt with many monopoly problems
As Microsoft became huge, they faced a lot of monopoly problems. Not that Gates kept putting up hotels on Boardwalk and Park Place, but the United States was investigating hi, for violating antitrust laws. The government had an eye on Microsoft since 1990 and in 1994 made Microsoft sign an agreement to not use their preeminence over the software world to keep out competition. In 1997, the US struck again, filing a suit that Microsoft violated the agreement, by forcing PC makers to ship Internet Explorer with Windows 95. The courts felt they were purposely keeping out competitors. For years, the suit waged on, with Microsoft claiming it was easy to remove Internet Explorer and opposing witnesses saying it was impossible to remove. A lot of thrilling "can I delete this icon" trial footage is floating around somewhere.
8.He owns an insane house called Xanadu 2.0
9.The Bill and Melinda Gates Foundation tops the Forbes most charitable list
Despite his lavish home, Bill Gates really does give a lot of his money away. Bill and Melinda Gates are number one of the Forbes list of most philanthropic people, and they have no intention of slowing down their generosity. In just one typical year, the husband-and-wife foundation gave away $2.65 billion toward fighting malaria, polio, and other diseases while donating tons to the World Health Organization. They decided to give a little $50 million bonus to the International AIDS vaccine initiative, just for fun, and also to help the world.
11.When he dies, he'll leave most of his money to charity When they aren't busy talking to their dad in cars, the Gates kids must getting ready for their sick billion-dollar inheritance, right? Well, Gates doesn't think his kids should get the majority of his wealth after he's gone. His three children won't have to work at McDonald's necessarily, but they aren't going to waste away in their own Xanadu-style mansions. "They are never going to be poorly off," Gates explained. "Our kids will receive a great education and some money … but they'll go out and have their own career. It's not a favor to kids to have them have huge sums of wealth. It distorts anything they might do, creating their own path." Gates has it that each child will get $10 million. Luckily, his kids agree with his thrifty inheritance plan and are happy that the money will go to help those in much greater need. Though his children may not be able to have a house with 24 bathrooms, somehow, they'll get by.
12.Also, Bill Gates can jump over chairs
"> Bill Gates doesn't seem to be the sportiest chap around, but that doesn't mean he completely lacks physical ability. In an interview with Connie Chung in 1994, she pulled out the hard questions: "Is it true you can leap over a chair from a standing position?" Whoa, that's some real gotcha journalism. But Gates happily admitted that he can jump over chairs, though "it depends on the size of the chair." Good move, Gates. Chung could have pulled out some Iron Throne-type stuff and really made him look like an idiot. But Gates was happy to jump over a regular office chair, and the world now knows of his prowess in vertical leaps.