What will bill gates do with his money

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Bill Gates and his wife of 27 years, Melinda French Gates, are getting a divorce. Visit Business Insider's homepage for more stories.

He long held the title as the world's second-richest person until Elon Musk unseated him in November Despite his massive fortune, Gates previously told Ellen DeGeneres that when he became a billionaire at age 31 history's youngest billionaire at the time , he didn't go on a spending spree. But he has indulged in things over time, he said, like a private plane. Gates also spent a lot on his estate, Xanadu 2. The estate has a trampoline room, which Gates told DeGeneres his three kids love.

There's also a foot pool — in its own separate, 3, square-foot building. Gates reportedly pays to have sand imported from St. Lucia in the Caribbean to the shore surrounding his house. In addition to a home theater for 20 guests, six kitchens, and 24 bathrooms, Gates' house has various garages for 23 cars. It's perfect for Gates, an avid luxury-car collector. Regardless of the exact breakdown, the Gates divorce is shaping up to be one of the most impactful billionaire separations in history.

Gates and Scott, both of whom have now gone through high profile divorces with tech billionaires, are also teaming up for a philanthropic initiative. The two women previously signed The Giving Pledge, a commitment to give away the majority of their wealth during their lifetimes. In terms of philanthropy, Bill and Melinda Gates agreed to remain co-chairs of the Gates Foundation, which works to provide equitable, global public health access and aid.

However, the pair recently came up with a contingency plan, should, at some point, they no longer wish to work together. Personal Finance. Your Practice. Popular Courses. Business Leaders CEOs. Table of Contents Expand.

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Investopedia does not include all offers available in the marketplace. Related Articles. Wealth Who Is Aliko Dangote? Business Leaders Legendary Latinx Investors. Partner Links. He is known for his immense wealth and his trophy properties. What Is Philanthropy? Here are just a few ways that Bill Gates was able to become a massive success. Gates attended Harvard University only briefly before he dropped out , yet he attributes his time there to his success.

Gates studied computers, but he also dabbled in many other subjects that interested him at the Ivy League school. When asked in about his role models, Gates said he looked up to his parents. Gates has maintained his love of reading throughout his life. He even has his own blog where he frequently recommends books to his readers. Gates has made countless brilliant business decisions, many of which have involved the people he has chosen to work with.

Allen and Gates were friends growing up, and they co-founded Microsoft in Gates was fortunate to attend Lakeside School, an elite private school in Seattle that gave him access to computers when he was in the seventh grade.

Looking back, he said his experiences at the school gave him the encouragement he needed to do the impossible. Read: 19 Traits of Highly Successful Billionaires. Gates learned early that in order to be successful, he had to amass a large emergency fund for Microsoft, which would keep the business afloat if it ever encountered financial obstacles. Everyone makes mistakes, including Gates.

Although many successful businessmen like to brag about how little sleep they get, Gates is the opposite. I can give a speech without much sleep; I can do parts of my job that way. When Gates was building Microsoft, he put most of his time, energy and creative talent into making it arguably the greatest tech company in the world.