When you have tens of billions of dollars of assets, how are you spending? Bill Gates should be able to tell you the answer as the second richest person on Forbes’ List.
Gates was the youngest self-made billionaire in the world at the age of 31 when he founded Microsoft, a powerful software empire.
At the height of the Internet bubble in 1999, his wealth even exceeded 100 billion dollar. Even now, he still has more than 93 billion dollars. That is to say, Gates left more than 20 billion dollars after he gave 10 dollars to everyone in the world.
In fact, Gates has sold or donated most of his Microsoft shares. So far, he has donated more than $35.8 billion in shares, now holding only a stake in Microsoft 1% valued at about $7.3 billion.
Although Bill Gates is no longer the richest man in the world, the Bill and Melinda Gates foundation is the world’s largest private charity.
The foundation has more than 50 billion dollars in assets and has donated millions of dollars to various educational and health institutions around the world over the years.
In 2010, Gates and the “stock God” Buffett also advocated the United States to take an oath of life or death in their own half of their property donated to charity. This is also known as the “sunset clause”, which stipulates that donors should set a deadline by which time they or their successors must pay their assets directly to charity.
Although gates is committed to charity, he is not mean to spend money on things he likes, such as luxury cars. In fact, before Microsoft was founded, Gates was awarded a Porsche 911 Turbo for his excellent work.
In 1975, Microsoft set up its headquarters in Albuquerque, New Mexico. Gates once said that sometimes he would go out at night and “drive fast” across the new Mexico desert, just to clear his mind and make his mind more sharp.
But Gates was arrested by police for speeding, but he jokingly said, “fortunately, I didn’t die in the process.”
In addition to the Porsche, which had been riding with him many times, Gates later collected a large collection of luxury cars, including a Ferrari 348 and a JaguarXJ6.
Yet Gates doesn’t just love luxury cars. In 1997, he also bought a private jet worth 21 million U.S. dollars. He recently rented a yacht for five million dollars a week and spent a wonderful family holiday in the Mediterranean.
And more impressive is Bill Gates’ real estate investment. Mr. Gates owns almost half of the four seasons holding hotel chains through his personal investment and finance company, Cascade Investment. And he also owns part of the Charles hotel in Cambridge, Massachusetts.
In 2009, Gates bought a ranch in Wyoming. The ranch was once owned by Buffalo Cody. Although Gates never disclosed the amount of money he spent to buy the 200 hectare ranch, it was listed for $100,000.
Gates also has a horse farm in Wellington, Florida, which he paid $8.7 million for in 2013, according to Business Insider.
In October 2014, Gates bought another $18 million horse farm called Rancho paseana, which covers 92 hectares, including racecourse, guest room, office space, veterinary suite, orchard and 5 barns. The local quality track of the horse racing field is more than 1,200 meters long.
However, the most exciting thing is Gates’s house in Washington, “Xanadu 2.0.”.
In 1988, Gates spent $2 million to buy this 6132 square meters of land. It then spent seven years and $63 million to build what is known as a high-tech estate.
It is reported that the mansion has seven bedrooms, six kitchens, 24 bathrooms, a swimming pool more than 18 metres long, a dome library, a custom garage for 23 cars and a 2300-square-foot reception hall…
The house is also equipped with high-tech sensing systems. The system can help people monitor the temperature and lighting of the room. When guests arrive, they get a device that interacts with sensors located all over the house. Guests can adjust the temperature and lighting according to their own preferences, and the temperature changes as they move around the house. Hidden behind the wallpaper can also let music follow the guests to different rooms.
Now, the value of Xanadu 2.0 has reached $131 million. Gates paid a $1.04 million property tax for the house in 2017, according to public documents.
However, Gates’s life is not all so extravagant. In a news program, he admitted that his watch was worth only 10 dollars. Gates does not care about brand or price of his clothes, as long as it feels comfortable.
In 2014, Gates wrote that he would open a Diet Coke as soon as he got to the office and even drink three to four cans a day. In addition, Gates said he liked cheeseburger best when he participated in the “you ask me and answer” event on the social networking site Reddit.
Both Gates and Buffett are frequent customers of McDonald’s, and they also have the McDonald’s golden card that many people dream of.
But Bill Gates did not intend to leave too much money for his three children. A few years ago, he said that he left only 10 million dollars in cash and 100 million dollars worth of homes for the children. Gates said he hoped his children would succeed on their own.