MITS readily accepted and both Gates and Allen set to work. Gates reportedly called MITS (the maker of the Altair 8800) from his dorm room and offered to create software for it. And he wanted to write the software that powered these personal computers. After reading an issue of Popular Electronics (with the new Altair 8800 microcomputer on the cover), Gates knew that personal computing was set to take off. Their big chance came when Gates was at Harvard Law School and Allen at Washington State University. Using their passion for computer programming, the duo started making some money for their efforts by creating a computerized traffic analysis system called ' Traf-o-Data', which netted them $20,000 after selling it to the Washington State Highway Department. In exchange for more computer time, Gates and Allen created a computerized scheduling system for their school (and even rigged that scheduling system to put Gates into classes with more girls). The two of them took full advantage of the computer terminal at Lakeside, spending their free time learning to program. It was here that Gates met his future business partner, Paul Allen. Lakeside had acquired a computer terminal to which students were given free access, and Gates was immediately fascinated, When he was in 7th grade, Bill Gates was first introduced to computers at Lakeside Private School. They had enough money to send their son to Lakeside Private School in the Seattle area (and later paid for Bill Gates' first two years at Harvard Law School). was a successful lawyer in the Seattle area and was a partner at a law firm. While Bill Gates’ family background wouldn’t be considered “‘ultra-wealthy”, his parents certainly did very well for themselves. And though they weren't living in a mansion, Gates' childhood home boasts a waterfront view of Lake Washington – and is now worth over $1.5 Million! Were Bill Gates' Parents Rich? Was Bill Gates Born Rich?īorn 'William Henry Gates III' in 1955, Bill Gates wasn't raised in immense wealth his family would have been considered 'upper-middle class' in the 1970s. But how did Bill Gates get rich?įrom Bill Gates’ family background to Microsoft to his charitable endeavors, this article gets to the bottom of this billionaire’s wealth. One of the richest people in the world for more than 30 years, Forbes has listed Bill Gates' current net worth at about $126 billion.
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