Why is Bill Gates' net worth so high 20 years since stepping down as Microsoft's CEO
Question asked by Nandan Choksi, A poor guy with a few wealthy friends.
This question is answered by Hieu Le, Software Engineer Intern at Microsoft (2017-present).
Bill Gates’ net worth is over $100,000,000,000! That’s a lot of zeroes! His expenses are practically nothing, given that everything he owns is paid off — his house, his car, his jewelry, etc. He has no debt. And, even at 1%, he makes over $1,000,000,000 per year just in interest! Plus, he gets some kind of regular income from Microsoft as well as other companies. He probably sits on the boards of several companies and gets a hefty compensation from each one.
Basically, he is in the enviable position where he simply cannot spend more than he earns. So, in addition to whatever he owns in capital, he probably saves a large chunk of his income, each year.
So, he has really no choice except to allow his net worth to increase, each year, given that he is too smart to just blow through his money
Written by Nanda Choksi
Published on 1/26/2020 4:51:41 AM