Microsoft founder Bill Gates and his wife Melinda Gates have announced their divorce after 27 years of marriage. Gates, who has a fortune of $146 billion, is now the fourth richest person in the world, while how the billionaire couple, who are among the richest people in the world, will split their assets after the divorce. Here are 11 mind-boggling facts about the wealth of Bill Gates, who, even if he spent $1 million a day, would not be able to finish his fortune for centuries…
Bill and Melinda Gates have announced their divorce after 27 years of marriage. The couple, who married in 1994, announced their divorce in a joint statement on Twitter:
“After much thought and hard work on our relationship, we decided to end our marriage. In the last 27 years, we have raised three wonderful children and built a foundation that works all over the world to ensure that all people live a healthy and productive life.”
News of the divorce, on the other hand, raised questions about how the couple would split their vast fortunes. Microsoft co-founder Bill Gates is the fourth richest person in the world with a net worth of $146 billion, according to the Bloomberg Billionaires Index. Gates lives in Washington state, where all assets acquired through marriage are split 50/50 unless otherwise stated in the prenuptial agreement. However, a spokesman for Bill Gates declined to comment on whether the couple had signed such an agreement.
In another billionaire divorce in Washington state, MacKenzie Scott divorced Amazon founder Jeff Bezos, taking 25 percent (about $38 billion) of amazon shares owned by the couple. Jeff Bezos held the remaining stake and his ex-wife’s assets in the Washington Post and Blue Origin.
On the other hand, although their fortunes are divided, both Gates will likely be among the richest people in the world after their divorce.
Here are 11 mind-boggling facts that show how rich Bill Gates is…
- Bill Gates became $41 billion richer last year alone. On May 4, 2020, Gates’ net worth was estimated at $105 billion.
2. Bill Gates makes about $4,630 a second. That means it’s not worth the time for him to stop to pick up the $100 bill he dropped.
3. If Bill Gates spends $1 million a day, it will take him nearly 400 years to spend his entire fortune.
On the other hand, Gates lives in a massive Washington mansion worth $125 million, but the billionaire is known to be relatively frugal in his spending.
4. Bill Gates 4 is about 66 percent richer than the British Royal Family. According to Forbes, the British royal family’s fortune was worth $88 billion in 2017.
5. Although Bill Gates made a fortune by founding Microsoft with Paul Allen, in 2019 he had only 1.3 percent of the company and his fortune is still worth $146 billion.
After resigning as Microsoft’s director in March 2020, it is no longer clear what percentage of the company Gates owns.
6. Gates 6 remains the fourth richest person in the world even after donating at least $41 billion to charities over the years.
Gates and his wife founded the Bill & Melinda Gates Foundation in 2000, now the world’s largest private charity, focusing on global health and poverty. According to Forbes, Gates donated $35.8 billion in Microsoft shares to the Bill & Melinda Gates Foundation.
However, the Bill & Melinda Gates Foundation said the couple will continue to be co-chairs and trustees of charities after their divorce. “No changes are planned in their roles or organization,” the foundation said in a statement. They will continue to work together to shape and approve organizational strategies, to defend the foundation’s problems, and to determine the overall direction of the organization.”
7. Gates 5. Gates is so rich that the average American household spends about $1.2 million.
According to Federal Reserve data, the median net worth of the average U.S. household is $121,700. Dividing $146 billion into $121,700 amounts to about $1.2 million.
8. Gates’ net wealth is greater than the total GDP of Luxembourg, Estonia and Bolivia.
Luxembourg’s GDP is about $71 billion, Estonia’s $31.4 billion and Bolivia’s $40.8 billion, according to World Bank data.
9. Gates is richer than the richest person in Asia and the richest person in China.
Mukesh Ambani, an Indian businessman with a fortune of $74.7 billion, is asia’s richest man. Bottled water and vaccine billionaire Zhong Shanshan is China’s richest person with $66.3 billion, according to Bloomberg’s Billionaires Index.
10. If Gates gives $15 to every human being on the planet, he still has a fortune of $28 billion.
As of May 2021, the world population reached 7 billion 874 million 758 thousand 42.
11. According to the 11th Social Security Administration, the average U.S. citizen with a bachelor’s degree will earn about $2.2 million over their lifetime. Gates does it in just over 28 minutes.
On the other hand, according to the U.S. Social Security Administration, the average U.S. woman with a bachelor’s degree will earn $1.3 million in her lifetime. Gates is estimated to have earned about $78.6 per minute when calculated based on his $41 billion earnings last year.