|Born||28 October 1955|
|Education||Harvard College (1973–1975) MORE.|
|Net Worth||9,430 crores USD (2018)|
Some see him as an advanced visionary who sparked a pc revolution. Whatever his supporters and detractors may believe, few could argue that Bill Gates is among, if not the most successful entrepreneur of the 20th century. In only 25 years, he constructed a two-man performance to a multibillion-dollar colossus and made himself the richest man in the world somewhere along the way. Nevertheless, he accomplished this feat by simply inventing new technology, but by taking existing technology, adapting it to a specific market, then controlling that marketplace through advanced marketing and cunning business rules.
Gates’ first exposure to computers arrived while he was attending the prestigious Lakeside School in Seattle. A local firm offered the use of its computer to the school via a Teletype link, and young Gates became entranced by the possibilities of the primitive machine. Along with fellow student Paul Allen, he began ditching class to function in the college’s computer room. Their work will soon pay off. The two adolescents wagered $20,000 using Traf-O-Data, a schedule they designed to measure traffic flow in the Seattle region.
Despite his love and the clear ability for computer programming, and possibly due to his dad’s influence, Gates entered Harvard in the autumn of 1973.
All that changed in December 1974, when Allen showed Gates a magazine article about the world’s first microcomputer, the Altair 8800. Seeing an opportunity, Gates and Allen called the manufacturer, MITS, in Albuquerque, New Mexico, and advised the president they’d composed a version of their popular computer language BASIC for the Altair. When he said he’d like to see it, Gates and Allen, that hadn’t written anything, beginning working night and day at Harvard’s computer lab. Because they did not have an Altair to operate on, they were forced to mimic it on other computers. After Allen flew to Albuquerque to examine the app on the Altair, neither he nor Gates was sure it would operate. But run it all did. MITS dropped soon thereafter, however, Gates and Allen were writing applications for other computer start-ups including Commodore, Apple and Tandy Corp.
The duo moved the company to Seattle in 1979, and that is when Microsoft struck the big time. When Gates learned IBM was having difficulty obtaining an operating platform for its new PC, he bought an existing operating system from a small Seattle business for $50,000, developed it to MS-DOS (Microsoft Disk Operating System), then licensed it to IBM. The genius of the IBM deal, masterminded by Gates, was while IBM obtained MS-DOS, Microsoft kept the right to permit it to other computer makers.
Much like Gates had expected, following the first IBM PCs were released, cloners like Compaq started producing compatible PCs, along with the market was soon flooded with clones. Like IBM, as opposed to producing their own operating systems, the cloners determined it was more economical to buy MS-DOS from the shelf.
The Macintosh’s sleek graphical user interface (GUI) was much easier to work with than MS-DOS and threatened to create the Microsoft program outdated.