If ever there was a video that deserved to be looped…
In 1987, Gates was officially declared a billionaire in the pages of Forbes’ 400 Richest People in America issue, just days before his 32nd birthday. As the world’s youngest self-made billionaire, he was worth $1.25 billion, over $900 million more than he’d been worth the year before, when he’d debuted on the list.
Gates began to appreciate the expectations others had of him when public opinion mounted suggesting that he could give more of his wealth to charity. He studied the work of Andrew Carnegie and John D. Rockefeller, and in 1994 sold some of his Microsoft stock to create the William H. Gates Foundation. In 2000, Gates and his wife combined three family foundations into one to create the charitable Bill & Melinda Gates Foundation, which is the largest transparently operated charitable foundation in the world. The foundation allows benefactors access to information regarding how its money is being spent, unlike other major charitable organizations such as the Wellcome Trust.
As of 2007, Bill and Melinda Gates were the second-most generous philanthropists in America, having given over $28 billion to charity. They plan to eventually give 95% of their wealth to charity. Which is actually pretty flaming amazing.