Bill Gates Stepping DownI've always said that retirement has nothing to do with age...it's all about having enough money to retire! In Bill Gates' case, money is no problem for the 50-year old. Gates has been named the richest man in the world for several years now. He has an estimated net worth of about $50 billion. Not too bad for a college dropout!
Microsoft Corp. says Bill Gates is not leaving the company, he is just stepping down from his day-to-day responsibilities there. In July 2008 Gates will officially step down and Ray Ozzie, the developer of Lotus Notes, will be one of the people to step up to the plate.
Bill Gates will then have more time to spend with his philanthropic foundation, the world’s largest.The Bill & Melinda Gates Foundation started in 2000 has helped some of the world’s greatest problems, such as global health and education. The foundation is now the world’s largest philanthropy, with assets totaling $29.1 billion.The fondation has helped in the fight against HIV, malaria and tuberculosis around the world. In the United States Gates has used the fondation to help with education reform.
What will all this mean to Microsoft? I think the company will continue to prosper and lead the way in technology. Gates has surrounded himself with great people over the years and they will carry on and keep Microsoft going strong.
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