Melinda Gates Net Worth: How Much American Businesswoman Earns?
Melinda Gates Net Worth
As an American businesswoman and humanitarian, Melinda Gates has a fortune in excess of $120 billion. That’s the sum of her and her long-term partner, Microsoft CEO Bill Gatesindividual ,’s fortunes. One of the greatest philanthropists in history is Melinda and Bill. The Bill & Melinda Gates Foundation was co-founded by Melinda and Bill Gates.
Melinda Gates Early Life
Melinda Ann French gave birth to Bill Gates on August 15, 1964 in the city of Dallas, Texas. She is the second child to be born to Elaine Amerland, a housewife, and Raymond Joseph French Jr., an aerospace engineer.
Her mother was a homemaker, and her father worked in the aerospace industry. Melinda’s interest in computer games and programming was spurred by her father’s introduction to the Apple II computer system, which ignited her curiosity. She began her education at St. Monica Catholic School and went on to get a degree in 1982 from Ursuline Academy of Dallas, where she was honoured as the class valedictorian.
She received her Bachelor of Science degree in computer science and economics from Duke University in 1986. The following year, she received her Master of Business Administration degree from the Fuqua School of Business at Duke University. During her time at the university, she was also a member of the Kappa Alpha Theta sorority, specifically the Beta Rho chapter.
Melinda Gates Career
The first employment that Bill Gates ever had was as a private instructor for children in the subjects of mathematics and computer programming. After she had her degree, she started working at Microsoft, which is how she became acquainted with Bill Gates. 1994 was the year when they tied the knot.
Melinda was responsible for managing the development of various different multimedia products while she worked as a marketing manager. Some of the products she oversaw include Cinemania, Encarta, Publisher, Money, Works, and Word. Gates was also involved in the development of Expedia, which went on to become one of the most well-known online booking platforms for travel.
Despite this, the programme that Microsoft ran was not successful from a business standpoint. Gates was given the position of General Manager of Information Products by Microsoft at the beginning of the 1990s, and she remained in that role until 1996, when she decided to leave the company to establish a family.
During the years 1996 through 2003, Mr. Gates served on the Board of Trustees at Duke University. Since 2004, she has sat on the Board of Directors of The Washington Post. She is a very accomplished businesswoman.
In addition to that, Melinda served on the Board of Directors of drugstore.com. In 2006, Melinda served as the chairperson of The Campaign For Children, which aimed to increase the research programme at the Seattle Children’s Hospital, expand facilities, and fund uncompensated treatment.
Bill And Melinda Gates Foundation
The Bill and Melinda Gates Foundation was established in the year 2000 in the city of Seattle, Washington by Bill and Melinda Gates. It has a total asset value of $46.8 billion, making it one of the largest private foundations in the entire globe.
The mission of the foundation is to ameliorate severe poverty, advance the field of education, and strengthen medical treatment. The Foundation has received contributions totaling several billions of dollars from Bill and Melinda Gates.
In 2018, it was claimed that the couple had given the foundation somewhere in the neighbourhood of $36 billion dollars. It is managed by three trustees: Bill Gates, Melinda Gates Buffett, and Warren Buffett.
Since it was established, the foundation has contributed funding to a wide variety of initiatives aimed at improving social conditions, medical care, and educational opportunities. One of these initiatives was the establishment of the Gates Cambridge Scholarships at Cambridge University.
Melinda Gates Recognition And Accolades
Melinda and Bill were honoured jointly in 2002 with the Award for Greatest Public Service Benefiting the Disadvantaged for the work that they did together.
In 2005, Melinda and her husband, together with Bono from the band U2, were honoured by Time magazine as People of the Year. In acknowledgement of their contributions to philanthropic causes, on May 4, 2006, they were presented with the Prince of Asturias Award for International Cooperation from Spain.
In November of 2006, Melinda was presented with the Insignia of the Order of the Aztec Eagle as a token of recognition. Because of their charitable work in health and education all over the world, particularly in Mexico, Bill was given the Placard of the same order. This was in recognition of their efforts.
In May of 2006, Seattle Children’s Hospital honoured Melinda French Gates by naming a building after her in recognition of her efforts to better the lives of children both locally and internationally with the establishment of the Melinda French Gates Ambulatory Care Building.
Gates served as the campaign’s chairperson, and the goal of the campaign was to collect $300 million for the hospital so that it could expand its facilities, increase its funding for uncompensated care, and enhance its research programme in order to discover new treatments and cures.
In 2007, Bill Gates was awarded an honorary doctorate in medicine from the Karolinska Institute in Stockholm, which is located in Sweden. Both she and her husband were presented with honorary degrees from the University of Cambridge in the year 2009. In recognition of the humanitarian work that Gates has done throughout the years, Duke University bestowed upon her an honorary degree of Doctor of Humane Letters in 2013.
She has been rated in the top 10 of Forbes’ annual list of the Top 100 Most Powerful Women every year since 2011, and she reached the third spot on the list in 2013.
In 2013, Gates was honoured by the Order of the British Empire by being given the title of honorary Dame Commander. She was given the UCSF Medal in the same year that it was given to her. In 2015, both Bill and Melinda Gates were awarded the Padma Bhushan, which is the country’s third-highest civilian accolade.
In recognition of the humanitarian work that both Gates and her husband have done, President Barack Obama presented them with the Presidential Medal of Freedom in 2016. They were honoured at a ceremony held in Paris in 2017 with the Legion of Honor, which is the highest national honour that can be bestowed by France.
In addition, Gates was awarded the Otto Hahn Peace Medal and made an honorary Dame of the United Kingdom. Richtopia ranked Gates as the 12th most influential philanthropist and social entrepreneur in the world in their 2017 list of the 200 most influential people in these fields.
Melinda and Bill tied the knot in a small, intimate wedding on the Hawaiian island of Lanai in the year 1994. Their names are Jennifer, Phoebe, and Rory Gates, and they have three kids.
Melinda Gates Property
The mansion that the Gates family calls home is an earth-sheltered structure perched on the slope of a hill near Medina, Washington, with a view of Lake Washington. Bohlin Cywinski Jackson and Cutler-Anderson Architects of Bainbridge Island, Washington worked together on the design of the 66,000 square foot mansion, also known as Xanadu 2.0.
The residence had an overall assessed value of $147.5 million in 2009, which resulted in property taxes being reported at a total of $1.063 million for the year. The magnificent expansive retreat features a private library with a dome-shaped roof and an oculus, a swimming pool that is 60 feet long and has an underwater music system, a gym that is 2,500 square feet in size, and heated floors and roads.
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