Welcome, Guest: Join Nairaland / LOGIN! / Trending / Recent / New
Stats: 2,548,083 members, 5,868,342 topics. Date: Monday, 21 September 2020 at 01:48 AM

Bill Gates Sr Is Dead. Microsoft Co-Founder, Bill Gates' Father Dies - Business - Nairaland

Nairaland Forum / Nairaland / General / Business / Bill Gates Sr Is Dead. Microsoft Co-Founder, Bill Gates' Father Dies (52078 Views)

Bill Gates Tops Jeff Bezos As Richest Person In The World: See The Full List / Damaging Report About Microsoft Founder Bill Gate How True It Is / Jimoh Ibrahim Father Dies, Two Months After His Mum's Death (2) (3) (4)

(1) (2) (3) (4) (5) (6) (7) (8) (Reply) (Go Down)

Bill Gates Sr Is Dead. Microsoft Co-Founder, Bill Gates' Father Dies by blogbuilder: 6:33am On Sep 16
Bill Gates Sr., a lawyer and the father of Microsoft’s co-founder, who stepped in when appeals for charity began to overwhelm his billionaire son and started what became the world’s largest philanthropy, the Bill and Melinda Gates Foundation, died on Monday at his beach home on Hood Canal, in the Seattle area. He was 94.


The cause was Alzheimer’s disease, his family said in an announcement on Tuesday.

In 1994, Mr. Gates was 69 and planning to retire from his prestigious law practice in a few years when, one autumn evening, he and his son, Bill, and his daughter-in-law, Melinda, went to a movie. Standing in the ticket line, Bill told his father that he was being inundated with appeals for charity but that he was far too busy running Microsoft to answer them.

His father suggested that he, Bill Sr., could sift through the paperwork and, with his son’s approval, send out some checks. Bill Jr. agreed.

What Mr. Gates Sr. found later were dozens of cardboard boxes filled with requests for money, many with heartbreaking stories of need. A week later, Bill Jr. set aside $100 million to open what was initially called the William H. Gates Foundation. His father, sitting at his kitchen table, wrote the first check: $80,000 for a local cancer program.

Over the next 13 years, while Bill Gates focused primarily on Microsoft, his father managed the foundation day to day, conferring with its executives and philanthropic experts, sending his son lists of proposed grants, writing checks and shaping the charity’s major goals: improving health and education and alleviating poverty in America and the third world.

“I consider Bill Gates Sr. the conscience of the Gates family,” said Pablo Eisenberg, a columnist for The Chronicle of Philanthropy. “He was instrumental in not only starting the foundation but growing it, and his motive was that with all that money, you ought to do good.”

In 2000, Bill Gates and his wife combined three family foundations and donated $5 billion in stock to create a successor charity, the Bill and Melinda Gates Foundation. Mr. Gates, his wife and his father became co-chairs of the new entity, although it was still being managed by Mr. Gates Sr. In many respects, the modern foundation still dates its inception from his first check in 1994.

With Patty Stonesifer, who bridged the old and new foundations as chief executive from 1997 to 2008, Mr. Gates Sr. channeled support for campaigns to eradicate polio, reduce infant and maternal mortality, build schools, foster an agricultural revolution in Africa and invest in technology that created savings accounts for impoverished farm families. Under him, the foundation also gave hundreds of millions to the search for a vaccine to control AIDS, the spectrum of often-fatal conditions caused by H.I.V.

“An enormous part of his contribution was not only the strategic focus and the institutional structure of the foundation, but he helped establish the principles we worked by,” Ms. Stonesifer said of Mr. Gates Sr. in an interview for this obituary in January. “He was a daily reminder that just because you have the checkbook doesn’t mean you have the knowledge or the experience on the issues we are trying to address; that we need to listen to the people who have the experience and the knowledge.”

Bill Gates Jr. credited his father with the early success of the foundation. “I make sure the resources are available, and he works to wisely spend the money,” he told The Seattle Times in 2003.

A prominent Seattle lawyer with heavy civic and professional obligations, Mr. Gates Sr. had largely left to his wife, Mary, the duties of raising their two daughters and one son, Bill, who, all agreed, became insufferably argumentative as a boy — resisting his mother’s requests that he clean up his room, that he stop biting his pencils and that he sit down to dinner on time.

Their test of wills exploded one night at the dinner table, with Bill shouting at his mother in what he described years later to The Wall Street Journal as “utter, total, sarcastic, smart-ass kid rudeness.” In response, his father, in “a rare blast of temper,” The Journal wrote, threw a glass of water in his son’s face.

Young Bill was taken to a therapist, who advised his parents to ease off on discipline. They sent him to Lakeside, a private prep school in Seattle, where he had access to computers. There he met Paul Allen, a student computer whiz.

Years later, the parents acquiesced when Bill quit Harvard and moved to Albuquerque, where he and Mr. Allen founded Microsoft in 1975.

Microsoft grew into the world’s largest personal computer software company. Its 1986 public offering turned its founders into billionaires and 12,000 employees into millionaires. It became one of America’s most valuable publicly traded companies — the third, after Apple and Amazon, to reach the magical trillion-dollar market capitalization.

“I never imagined that the argumentative young boy who grew up in my house, eating my food and using my name, would be my future employer,” Bill Sr. told the Seattle Rotary Club in 2005.

Bill Gates Jr. announced in 2006 that he would give up his daily role with Microsoft over a few years, allowing him more time to work with the foundation.

Weeks later, the financier Warren Buffett pledged to give annual gifts of stock in his company, Berkshire Hathaway, to the Gates Foundation for the rest of his life. Through 2018, his gifts totaled $24.6 billion, sharply raising the Gates endowment and charitable initiatives.

By 2008, when Bill Gates Jr. began working full time at the foundation, his father’s role had begun to diminish after 13 years as the only family member with a daily presence there. For the first time in their lives, father and son were working together. Both were strong-willed executives, but there was no question who was the boss.

“At s6-foot-6, Bill Gates Sr. is nearly a full head taller than his son,” The Journal noted. “He’s known to be more social than the younger Bill Gates, but they share a sharp intellect and a bluntness that can come across to some as curt.” The Journal added, however, “He isn’t prone to introspection, and he plays down his role in his son’s life.”

In a family line of similarly named men, William Henry Gates Sr. was called William Henry Gates Jr. at birth in Bremerton, Wash., on Nov. 30, 1925, the younger of two children of William and Lillian (Rice) Gates. (After his son, Bill — born William Henry Gates III — became famous, the father adopted the suffix “Sr.,” and the son became “Jr.” to simplify things.)

While Bill Sr.’s family was not poor during the Depression, his father, who owned a furniture store, would pick up coal that had fallen off delivery trucks and take it home to heat the house. William attended local schools and was in the Army from 1944 to 1946, rising to first lieutenant in the occupation of Japan. He went to the University of Washington on the G.I. Bill, graduating in 1949, and earning a juris doctor from its law school in 1950.

In 1951 he married Mary Maxwell, a Seattle civic leader and longtime regent of the University of Washington. Besides Bill, they had two children, Kristianne and Libby. Mary Gates died in 1994. In 1996, Mr. Gates married Mimi Gardner, the former director of the Seattle Art Museum.

In addition to his son, Bill, he is survived by his wife; his daughters, Kristianne Blake, who is known as Kristi, and Elizabeth MacPhee, who is known as Libby; and eight grandchildren.

Mr. Gates co-founded what became Preston, Gates & Ellis, a leading Seattle law firm, in 1964, and was a partner until 1998. (The firm is now called K&L Gates.) He was president of the Seattle/King County Bar Association and the Washington State Bar Association and a director of the Greater Seattle Chamber of Commerce, the King County United Way and Planned Parenthood. In 1995, he founded the Technology Alliance to expand jobs in the field. He also served 15 years as a regent of the University of Washington.

But his principal focus after 1994 was the Gates foundation. During his tenure, he directed grants that created children’s vaccines; provided sanitation and clean water to impoverished rural areas in developing countries; distributed bed netting to reduce mosquito-borne malaria; supported the education of girls; and promoted contraceptive use, nutritional supplements and single-use syringes.

In an age of income inequality, Mr. Gates Sr. argued that the purpose of wealth was not to pass it on to loved ones. With Mr. Buffett and the financier George Soros, he opposed a repeal of the federal estate tax in 2001. In 2003 he published “Wealth and Our Commonwealth: Why America Should Tax Accumulated Fortunes” (written with Chuck Collins). And he campaigned unsuccessfully in 2010 for a Washington State income tax on individuals earning $200,000 and couples earning $400,000.

Unlike most philanthropies, the Gates foundation’s bylaws mandate the disposal of all its assets within 20 years of the death of Bill or Melinda Gates, whichever comes later. By 2019, the foundation had given away about $50 billion but still had a $47 billion endowment. Forbes magazine said Bill Gates had $108.8 billion in January 2020, exceeded only by the fortune of the Amazon founder, Jeff Bezos ($115.6 billion) and that of Bernard Arnault, the LVMH luxury goods titan ($117 billion).

In his book “Showing Up for Life: Thoughts on the Gifts of a Lifetime” (2009), Mr. Gates Sr. wrote: “Those who claim that the wealth they have accumulated is theirs to pass on without returning anything back to the American system show a shocking lack of appreciation for all that the system and public monies did to help them create wealth.”
https://www.google.com/amp/s/www.nytimes.com/2020/09/15/business/bill-gates-sr-dead.amp.html

50 Likes 6 Shares

Re: Bill Gates Sr Is Dead. Microsoft Co-Founder, Bill Gates' Father Dies by Nbotee(m): 6:34am On Sep 16
Imagine how a family will dedicate their wealth to improving life for others while majority of those they do it for are ignorant and believe dey want to b wiped out or have their population reduced

282 Likes 24 Shares

Re: Bill Gates Sr Is Dead. Microsoft Co-Founder, Bill Gates' Father Dies by daddytime(m): 6:35am On Sep 16
He lived a life, saw many things, and he's taken a bow.

By the way, Bill Gates stopped being the richest man in the world.

The new king is Jeff Bezos.

34 Likes 5 Shares

Re: Bill Gates Sr Is Dead. Microsoft Co-Founder, Bill Gates' Father Dies by DonFreshmoney(m): 6:39am On Sep 16
RIP Senior man..

13 Likes

Re: Bill Gates Sr Is Dead. Microsoft Co-Founder, Bill Gates' Father Dies by Awol1(m): 6:40am On Sep 16
Money couldn't buy him a life forever?

And they will tell me not to say all is vanity?

33 Likes 1 Share

Re: Bill Gates Sr Is Dead. Microsoft Co-Founder, Bill Gates' Father Dies by SweetJoystick(m): 6:41am On Sep 16
He don ripe. RIP to Senior Gates

7 Likes

Re: Bill Gates Sr Is Dead. Microsoft Co-Founder, Bill Gates' Father Dies by Sundrus: 6:42am On Sep 16
RIP Oga gate

4 Likes

Re: Bill Gates Sr Is Dead. Microsoft Co-Founder, Bill Gates' Father Dies by walex4live1(m): 6:44am On Sep 16
Awol1:
Money couldn't buy him a life forever?

And they will tell me not to say all is vanity?
Bro not all is vanity....

We all know say vanity dey, but not all is vanity....

99 Likes 1 Share

Re: Bill Gates Sr Is Dead. Microsoft Co-Founder, Bill Gates' Father Dies by Pain: 6:51am On Sep 16
RIP
Re: Bill Gates Sr Is Dead. Microsoft Co-Founder, Bill Gates' Father Dies by ProfAmaben: 6:51am On Sep 16
You loved humanity and lived an excellent life. Well done sir!

The life of an atheist who values humanity is better than being an hypocritical moslem or christian that can kill for their God.

The Gates family just like the Rockefellers can never be wiped away from the sands of time.

Rest on sir.

167 Likes 17 Shares

Re: Bill Gates Sr Is Dead. Microsoft Co-Founder, Bill Gates' Father Dies by Openbusiness: 6:51am On Sep 16
It is well with my soul

4 Likes

Re: Bill Gates Sr Is Dead. Microsoft Co-Founder, Bill Gates' Father Dies by NaijaOlosho(f): 6:51am On Sep 16
grin
Re: Bill Gates Sr Is Dead. Microsoft Co-Founder, Bill Gates' Father Dies by daddytime(m): 6:51am On Sep 16
He lived a fulfilled life, saw so many things, and has gone to rest.

8 Likes 1 Share

Re: Bill Gates Sr Is Dead. Microsoft Co-Founder, Bill Gates' Father Dies by Nbotee(m): 6:52am On Sep 16
The Gates are solely responsible for kicking out polio and measles in Africa.. In fact their efforts towards kicking out malaria and tuberculosis is still immense

101 Likes 7 Shares

Re: Bill Gates Sr Is Dead. Microsoft Co-Founder, Bill Gates' Father Dies by Kurtis02: 6:52am On Sep 16
YOLO
Re: Bill Gates Sr Is Dead. Microsoft Co-Founder, Bill Gates' Father Dies by Awol1(m): 6:52am On Sep 16
walex4live1:

Bro not all is vanity....

We all know say vanity dey, but not all is vanity....

If everything ends at death, then all is vanity.

You wanna tell me about legacy? What if that is just an illusion?

You wanna talk about passing wealth to children? Remember the children too will also grow old and die leaving the wealth behind.

And so the circle of vanity continues like Hegelian dialectics.

37 Likes 4 Shares

Re: Bill Gates Sr Is Dead. Microsoft Co-Founder, Bill Gates' Father Dies by Offpoint: 6:52am On Sep 16
Just before you type "Vanity" take a look at his age "94", that's a fulfilled age.

Take a look at his legacy, his name has been written in the golden book of history.

I don't care about all the conspiracy theories about the gates, those guys have done great service to humanity.

He'll forever be remember not only as a billionaire, but also as one of the world's greatest philanthropist. They've saved thousands and millions of lives in Africa.

Rest on sir.

Vanity is only applicable to any human rich or poor, who lived his/her entire life without impacting a single life.

144 Likes 16 Shares

Re: Bill Gates Sr Is Dead. Microsoft Co-Founder, Bill Gates' Father Dies by Cmexy: 6:52am On Sep 16
Life well spent

Farewell good Sire!

1 Like

Re: Bill Gates Sr Is Dead. Microsoft Co-Founder, Bill Gates' Father Dies by rexchazy(m): 6:52am On Sep 16
RIP senior man

3 Likes

Re: Bill Gates Sr Is Dead. Microsoft Co-Founder, Bill Gates' Father Dies by Harrykn: 6:53am On Sep 16
Nbotee:
Hk
NaijaOlosho:
grin
Nbotee:
Gh
Offpoint:
Typing
Una Bills jnr plenty for this forum.. Now were snr don kiah enough space dy for jnr
Re: Bill Gates Sr Is Dead. Microsoft Co-Founder, Bill Gates' Father Dies by Bevista: 6:53am On Sep 16
Eugenist

2 Likes 1 Share

Re: Bill Gates Sr Is Dead. Microsoft Co-Founder, Bill Gates' Father Dies by foxxydude: 6:54am On Sep 16
Rest well Bill Gates Snr

6 Likes

Re: Bill Gates Sr Is Dead. Microsoft Co-Founder, Bill Gates' Father Dies by Nbotee(m): 6:54am On Sep 16
Awol1:
Money couldn't buy him a life forever?

And they will tell me not to say all is vanity?

Poverty is the worst form of vanity.. He died at a ripe age of 94.. Trust me money was used to manage his Alzheimer till dat age

43 Likes 3 Shares

Re: Bill Gates Sr Is Dead. Microsoft Co-Founder, Bill Gates' Father Dies by Fucknlbots: 6:54am On Sep 16
He atleast made some impact before leaving planet earth.

RIP. great man

5 Likes 3 Shares

Re: Bill Gates Sr Is Dead. Microsoft Co-Founder, Bill Gates' Father Dies by Itisallright: 6:54am On Sep 16
You've tried man.... 94years no easy, thanks for your kindness

3 Likes

Re: Bill Gates Sr Is Dead. Microsoft Co-Founder, Bill Gates' Father Dies by Kobicove(m): 6:55am On Sep 16
R.I.P to him...he gave the world one of it's best minds!

3 Likes

Re: Bill Gates Sr Is Dead. Microsoft Co-Founder, Bill Gates' Father Dies by Tribers: 6:55am On Sep 16
Bill gates is still the richest ( if not for charity)

24 Likes 2 Shares

Re: Bill Gates Sr Is Dead. Microsoft Co-Founder, Bill Gates' Father Dies by INSTANTCASH345(m): 6:56am On Sep 16
Rip

Check my SIG and get a promo now for your project.

Also,for those who want to learn forex/binary trade to make daily $10 with $100 capital,chat me up on WhatsApp now.
Re: Bill Gates Sr Is Dead. Microsoft Co-Founder, Bill Gates' Father Dies by Hotegusi(f): 6:56am On Sep 16
Rest in peace sir. Your wealth has made your name immortal here on Earth.

Unlike these wretched Nigerian men looking for male offsprings to "carry their names" tongue

5 Likes

Re: Bill Gates Sr Is Dead. Microsoft Co-Founder, Bill Gates' Father Dies by ZombieTERROR: 6:56am On Sep 16
He could have bought more life....

Rip
Re: Bill Gates Sr Is Dead. Microsoft Co-Founder, Bill Gates' Father Dies by Samsimple(m): 6:57am On Sep 16
A life well spent rest on sir .. some Africans believe if they acquire all the wealth in this world, they can bribe death.


Check my signature

4 Likes

(1) (2) (3) (4) (5) (6) (7) (8) (Reply)

CBN Introduces New Charges On Bank Deposits And Withdrawals / Exporting Food Stuff From Nigeria To Uk / 5 Amazing Ways To Make Money On The Internet For Free

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2020 Oluwaseun Osewa. All rights reserved. See How To Advertise. 127
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.