At one time he was the richest man in the world but at present he does not have that title. Yet Bill Gates still owns a lot of wealth. According to Forbes, Bill Gates has a net worth of 132 billion as of April 2022.
There is no end to people's interest in how Bill Gates became the owner of so much wealth. It is undeniable that he has reached this stage today with his own talent and hard work. But some of his habits have also helped him to establish himself as a billionaire. Let's find out about 13 such habits.
An Intense Desire for Knowledge
Bill Gates studied at Harvard University for some time. Then drop out. But Gates credited the university with a few days of its success.
While studying computer science at Harvard, Gates was also involved in many other subjects. He used to take classes of many other teachers besides his own course.
Bill Gates is working to spread this thirst for knowledge among others. The Global Education Program was launched in 2016 through the Bill & Melinda Gates Foundation. Under this program, children in primary schools in sub-Saharan Africa and India are taught reading and math skills.
There Was Parental Support
In 1998, Bill Gates stated that his parents were his role models. His parents encouraged Bill Gates' interest in computers, and the two continued to support him even after he left Harvard.
Gates developed a good relationship with IBM for the sake of his mother. He got the idea of philanthropic work from his father. Senior Gates was directly involved in the boy's charity.
Gates Reads a Lot
In an interview with Forbes, Bill Gates' father said that they had read a lot of books since childhood. Gates had no qualms about reading books.
Gates still reads books regularly. In a tweet in 2021, he said that he always tries to read books, whether it's a lot of work in the office or going out for a walk. Bill Gates thinks that by reading books one can learn new things and understand the world a little better.
His Business-Partner Was Excellent
In a 1996 interview, Bill Gates said, "I would say that choosing the right people is involved in making good business decisions." Gates has put the partnership with Paul Allen at the top of the list.
Paul Allen and Bill Gates have been friends since childhood. The pair formed Microsoft together in 1985.
Gates is Passionate About His Work
If you want to be successful, you have to love work. Many entrepreneurs agree with this. Bill Gates has been fascinated by computers since childhood. Growing up, he had no difficulty in loving his work.
In Gates 'words,' You have to enjoy what you do every day. The place for me to enjoy this is to work with some very smart people. '
Gates Was Confident About His Dream
Gates attended Lakeside School. It was an expensive private school. Gates came in contact with the computer while he was in class seven due to his studies there.
Students could also use computers outside the school's teaching hours. At the time, it was natural for Gates' current success to sound unrealistic. Gates thinks that his experience with computers at that school has inspired him to pursue a career in the future.
Contingency Funds for Microsoft
Gates quickly realized that in order to be successful, he needed to set up an emergency fund for Microsoft.
Gates said on a chat show in 2016 that he was always careful not to hire more people than he needed. He also had to make sure that the salaries and allowances of his staff never got stuck.
Learning from Mistakes
Everyone is wrong, Bill Gates is no exception. But being able to learn from mistakes is the key to success. And Bill Gates has done it very well.
In 2019, Bill Gates admitted that the biggest mistake for him and Microsoft was not to compete with Apple after Apple released the iPhone.
Gates Sleeps Seven Hours
Many billionaires love to brag about how little they sleep. But Bill Gates is the opposite He favors seven hours of sleep, as he needs adequate sleep to be creative at work.
Gates Learns from the People Around Him
In 1992, Gates met another millionaire, Warren Buffett. Then they became friends. In a blog post in 2020, Gates celebrated Buffett's 90th birthday and their friendship.
There, he wrote, "Warren told me, 'You mix with people you like. So it's important to mix with people who are better than you.'"
Variety of Personal Portfolio
Bill Gates did not settle down after building Microsoft as a successful organization. He has since invested in other companies.
Gates owns shares in companies such as the Canadian National Railway and Autonomy. Bill Gates is a big owner of American agricultural land. Bill Gates also has investments in many other companies. In this way, by investing in different companies, he has brought diversity in both his experience and portfolio.
Gates knew the Right Time to Leave the Partnership
Microsoft revolutionized computer technology by joining IBM in the 1980s. Then, in the 1990's, Gates decided that from now on, it would be better for the company to run Microsoft alone.
Bill Gates decided to quit IBM as a bit of a gambler. His gambling donation was well received. Microsoft gets Windows and Ames-DOS software when it completes its partnership with IBM. With these, the fate of Microsoft was opened.
Gates Learned to Lose Control
After handing over the responsibility to his staff in 2019, Gates got more success.
Bill Gates took care of everything himself in the early days of Microsoft. Gates later had a good rapport with key employees. He played the role of mentor in certain fields by handing over many responsibilities to them.
Bill Gates is Still Passionate About his Work
Bill Gates quit his job at Microsoft almost a decade ago. He then became the chairman of the company. In 2020, Bill Gates relinquished all of Microsoft's responsibilities to fully engage in philanthropic work.
Gates reappeared as a consultant when the coronavirus epidemic began in 2020. He was vocal about various science-based policies of the government. He has also donated millions of dollars for research, vaccines, etc. on the coronavirus epidemic.
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