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How Bill Gates Money Affects the World (Essay Sample)


The essay talks about Bill Gates and his Philanthropic activities around the world.

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Bill Gates the Philanthropist – How Bill Gates Money Affects the World
Bill Gates is a renowned American entrepreneur, a software executive, and a philanthropist. He is also the chairman of Microsoft, a Company which he co-founded together with Sir Paul Allen. Born in October 25th 1955, he is known to be in the class of the wealthiest men on earth. To be precise, he was voted as the world's richest man for a decade and a half until year 2008 by Forbes Magazine CITATION Ker13 \l 1033 (Dolan). Much of his wealth came from his Company, which he held the top CEO's position for years. To date, he still owns about nine percent of the total shares in the Company.
The largest act of philanthropy from Gates was the creation of The Bill and Melinda Gates Foundation. The Foundation was named after him and his wife, Melinda Gates. Their passion to improve children's welfares was the driving factor which made them start the foundation. Today, the foundation is ranked as the most enormous private charitable organization globally. The foundation's primary object is to improve the general healthcare and wellness of children in the society. It also focuses in reducing poverty from all nations across the globe.
Since the year 1994, Gates has donated about $26 billion dollars to his Gates foundation. This made the foundation so enormous and able to aid the disadvantaged in different nations. The foundation is divided into three departments namely; United States program, Global health program, and the global development program. Some of his donations are devoted towards improving United States education system. About 75 percent of his donations are sent to the poorest nations of the world.
In America, Bill and Melinda Gates Foundation aims at improving the quality of education offered in the learning institutions in the nation. This is performed by creating numerous American education opportunities for learners. The foundation also aids learning institutions to access information and technology resources. The foundation main head quarters are based in Seattle. Nevertheless, it has branch offices in different nations across the globe.
Major decisions involving the foundation are made by Gates and his wife. Warren Buffet a serious donator in the foundation also takes part in the decision making process. He is known to be among the wealthiest investors in different parts of the world. Up to date, Gates has remained close and passionate to the foundation. This explains why he semiretired from his Company, Microsoft. He sought to focus more of his philanthropy endeavors than any other function.
Bill Gates and Warren Buffett hit the limelight in June 2010 when they decided to launch The Giving Pledge campaign in America. Through the campaign, they urged other American Billionaires to support their philanthropy endeavors across the globe. He challenged other billionaires to bestow half of their wealth to charity during their lives, or after death CITATION Mic11 \l 1033 (Nichols). Gates generosity was not surprising as he had already pledged to donate about 95 percent of his wealth to poor people.
Gates philanthropic endeavors have also been observed in India. In the past, he collaborated with Indian Institutes of Management (IMM), and the Government of India to help improve sanitation. This was i...
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