
Gates, William
Henry, III (1955- ), American business executive, who serves as
chairman and chief software architect of , the leading computer software company in the United
States. Gates cofounded Microsoft in 1975 with high school friend, Paul
Allen. The company's success made Gates one of the most
influential figures in the computer industry and, eventually, the
richest person in the world.
Born in Seattle,
Washington, Gates attended public school through the sixth grade. In
the seventh grade he entered Seattle's exclusive Lakeside School,
where he met Paul Allen. Gates was first introduced to computers and
programming languages in 1968, when he was in the eighth grade. That
year Lakeside bought a teletype machine that connected to a
mainframe computer over phone lines. At the time, the school was one
of the few that provided students with access to a
computer.
Soon afterward,
Gates, Allen, and other students convinced a local computer company
to give them free access to its PDP-10, a new minicomputer made by
. In exchange for the computer time, the
students tried to find flaws in the system. Gates spent much of his
free time on the PDP-10 learning programming languages such as FORTRAN.
In 1972 Gates and Allen founded Traf-O-Data, a company that designed
and built computerized car-counting machines for traffic analysis.
The project introduced them to the programmable 8008 microprocessor
from Intel
Corporation.
While attending
Harvard
University in 1975, Gates teamed with Allen to develop a version
of the BASIC programming language for the Altair
8800, the first personal
computer. They licensed the software to the manufacturer of the
Altair, Micro Instrumentation and Telemetry Systems (MITS), and
formed Microsoft (originally Micro-soft) to develop versions of
BASIC for other computer companies. Gates decided to drop out of
Harvard in his junior year to devote his time to
Microsoft.
In the early
1980s, Gates led Microsoft's evolution from a developer of programming
languages to a diversified software
company producing operating
systems and applications software as well as programming tools.
This transition began in 1981 with Microsoft's introduction of,
the operating system for the IBM PC, the new personal computer from
International
Business Machines Corporation (IBM). Gates persuaded other
computer manufacturers to standardize on MS-DOS, fueling software
compatibility and computer industry growth in the 1980s. Gates also
pushed Microsoft to introduce application software, such as
Microsoft Word word-processing software.
Under Gates's
leadership, Microsoft expanded rapidly in the 1980s and 1990s,
driven by the success of its applications software and operating
systems. The company's Windows operating systems, which employed a
graphical user interface, became the most widely used operating
systems for personal computers. As the company grew, the value of
its stock boomed. In 1987, at age 31, Gates—who then owned about 40
percent of the company's stock—became the youngest self-made
billionaire in American history. By 1999 Gates had amassed a
personal fortune in excess of $80 billion, making him the wealthiest
individual in the world.
Gates has made
personal investments in other high-technology companies. In 1989 he
founded Corbis Corporation, which now owns the largest collection of
digital images in the world. In 1995 Corbis purchased the Bettmann
Archive of 16 million photographic images and announced plans to
digitize part of the collection. In 1994 Gates and Craig McCaw, a
pioneer in the cellular telecommunications industry, became primary
investors in Teledesic Corporation.Teledesic planned to launch
several hundred low-orbiting artificial
satellites to create a global, high-speed telecommunications
network. Gates details his vision of technology's role in society in
his book The Road Ahead (1995; revised,
1996).
In 1998 Gates
relinquished his role of guiding the day-to-day business operations
of Microsoft when he appointed an executive vice president of the
company, Steve Ballmer, to the position of president. In 2000 Gates
transferred the title of CEO to Ballmer, a change that allowed Gates
to focus on the development of new products and technologies. Gates
published Business @ the Speed of Thought, a book about the
role technology can play in running a business, in
1999.
Gates was married on Jan. 1, 1994, to Melinda French Gates. The couple
has three children: a daughter, Jennifer Katharine Gates, born in 1996; and
a son, Rory John Gates, born in 1999 and a daughter, Phoebe Adelle Gates, born in 2002.
Gates is an avid reader and enjoys playing golf and bridge.
HOW TO CITE THIS
ARTICLE "Gates, William Henry, III," Microsoft® Encarta®
Online Encyclopedia 2000 http://encarta.msn.com © 1997-2000
Microsoft Corporation. All rights reserved.
|