News: The world’s second-richest man, Bill Gates, Founder of computer software giant Microsoft has stepped down from the Board of Directors of the Company at the age of 64.
Background: Bill Gates founded Microsoft in the late 1970’s when he dropped out of college. The company, which he founded with his friend Paul Allen made it big when Gates signed a deal with IBM in 1980 to create the MS-DOS operating system (this operating system came before Microsoft Windows). When Microsoft became a public company in 1986, Bill Gates, who was just 31 at the time became the world’s youngest self-made billionaire!
In 2000, Bill Gates stepped down as CEO of Microsoft and in 2014, he resigned as Chairman of the Board of Directors, appointing Satya Nadella as the company’s new CEO.
What is he busy with: Bill Gates, along with his wife Melinda set up the Bill and Melinda Gates Foundation many years ago to devote a large part of their time and money to charitable activities around the world and the Foundation has been actively involved in many different social initiatives. In 2018, Bill and Melinda Gates became the biggest philanthropists (people who give a lot of money and time to charity) in the United States by giving nearly 5 billion dollars to their foundation.
Bill Gates has made his decision to leave the Board of Microsoft entirely in order to dedicate more of his time and resources to his foundation and to do more philanthropic work around the world. Bill Gates has also stepped down from the board of fellow billionaire Warren Buffet’s company Berkshire Hathaway on which he has served since 2004.
It truly is the end of an era, with Bill Gates stepping away from the company he founded over 40 years ago, but he will continue to remain involved with Microsoft and act in an advisory capacity for many years to come.
Currentkids highly recommends the Bill Gates story on Netflix – Inside Bill’s Brain: Decoding Bill Gates
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Written by: Disha Mirchandani. Disha is a former lawyer turned freelance content writer. She is a fitness enthusiast and amateur aerialist with her own fitness photo-blog as well.