Thursday, April 18

Tag: Bill Gates

Cryptocurrency & NFTs are Fake: Bill Gates
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Cryptocurrency & NFTs are Fake: Bill Gates

NYC, 15th June 2022: The tech billionaire & founder of tech company Microsoft Bill Gates, criticised cryptocurrencies and NFTs. He termed cryptocurrency & Non-Fungible Tokens (NFT) as fake, saying that it is based only on the Greater fool theory. Gates was speaking at an event on climate change hosted by TechCrunch. Bill Gates joked that the world is going to improve a lot with expensive photos of monkeys. These are of no use. One can neither invest in the long term or short term. He also pointed out that bitcoin has a lot of risk for retail investors and that mining the coin also harms the environment. The Microsoft co-founder said he preferred investing in tangible assets or “a company where they make products.” He also mentioned that he does not hold any crypto assets....
Bill Gates Leaves Microsoft Board
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Bill Gates Leaves Microsoft Board

Microsoft announced that co-founder Bill Gates has left its board of directors to devote more time to philanthropy. The 64-year-old stopped being involved in day-to-day operations at the firm more than a decade ago, turning his attention to the foundation he launched with his wife, Melinda. Gates served as chairman of Microsoft's board of directors until early in 2014 and has now stepped away entirely, according to the Redmond-based technology giant. "It's been a tremendous honor and privilege to have worked with and learned from Bill over the years," Microsoft chief executive and company veteran Satya Nadella said in a release. "Bill founded our company with a belief in the democratizing force of software and a passion to solve society's most pressing challenges, and Microsof...
Microsoft Co-founder Paul Allen Passed Away at 65
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Microsoft Co-founder Paul Allen Passed Away at 65

The co-founder of software giant Microsoft Paul Allen has passed away in Seattle at the age of 65. Along with Microsoft, Allen also founded a privately held company in 1986 called Vulcan. It was two weeks ago that Allen tweeted and disclosed that the cancer, for which he was successfully treated nine years ago, had returned. He also mentioned that his doctors were “optimistic that I will see a good result.”   Some personal news: Recently, I learned the non-Hodgkin’s lymphoma I battled in 2009 has returned. I’ve begun treatment & my doctors are optimistic that I will see a good result. Appreciate the support I’ve received & count on it as I fight this challenge. https://t.co/ZolxS8lni5 — Paul Allen (@PaulGAllen) October 1, 2018   Vulcan released a statement t...
Jeff Bezos backed Cancer Startup to Raise $1 Billion Ahead of IPO
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Jeff Bezos backed Cancer Startup to Raise $1 Billion Ahead of IPO

Grail Inc, the cancer-detection startup backed by two world's wealthiest men is planning to raise $1 billion to push growth much ahead of its Initial Public Offering in Hong Kong. The very first product that will focus on screening test for nasopharyngeal cancer will be launched this year informed Grail Incorporation.Nasopharyngeal cancer is a type of cancer prevalent in Southeast Asia and southern China The company which is backed by Amazon Incorporation founder Jeff Bezos and Microsoft co-founder Bill Gates is working on advisers on the new round that is ongoing a preliminary phase and might change in timings and date, said two people involved with the matter. Charlotte Arnold, a spokeswoman for Menlo Park at Grail said that the company doesn’t comment on market speculation or i...
Jeff Bezos Net Worth Surpasses $100B, After Bill Gates
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Jeff Bezos Net Worth Surpasses $100B, After Bill Gates

Jeff Bezos worth surpassed $100 billion! As per the Bloomberg's reports, Amazon Inc founder's net worth has exceeded $100 billion for the first time. As the online retailer's shares jumped more than 2 percent due to sale on Black Friday Amazon, it added $2.4 billion worth to Jeff making it to a total of $100,3 billion. Jeff already surpassed Bill Gates in October as the world's richest man, and became the 53rd person to hit a 12-figure worth after Gates in 1999. As per the Bloomberg Billionaires Index Bezos's net fortune rose $32.6 billion this year through Thursday, the largest increase of anyone on the index. Unlike Gates or Warren Buffet, Bezos has given relatively little of his fortune to charity. Bezos is though planning to focus on philanthropy and asked for ideas on Twi...
Jeff Bezos Surpasses Bill Gates, Becomes The Richest Person- Again
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Jeff Bezos Surpasses Bill Gates, Becomes The Richest Person- Again

Amazon.com Inc's post-earnings surge has pushed Jeff Bezos to the top of the Bloomberg Billionaires Index for the first time, ahead of Microsoft co-founder Bill Gates who had held the spot as the richest person on Earth for four years. Bloomberg Billionaire Index showed that Jeff Bezos added $10.4 billion to his net worth as Amazon shares rose to 13 percent. At the close of U.S. markets Friday, Bezos held a net worth of $93.8 billion, $5.1 billion ahead of Gates on the Bloomberg index, who was at $88.7 billion. Earlier this year, Bill Gates donated 64 million of the Microsoft's shares worth US$4.6 billion. Reports suggest that this was the largest gift that Gates made since 2000. Bill gates gave away $16 billion worth of Microsoft shares in 1999 and $5.1 billion a year lat...
Zara Founder Amancio Ortega Becomes The World’s Richest Man, Beating Bill Gates
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Zara Founder Amancio Ortega Becomes The World’s Richest Man, Beating Bill Gates

Spanish retailer Amancio Ortega became the world's richest person on Tuesday, claiming the crown for less than a day. Ortega, 81, is now worth an estimated $85 billion, according to Forbes’ real-time rankings of the world’s billionaires. His net worth is up $1.2 billion in the last month Amancio Ortega, founder of Zara's parent company Inditex SA and Europe's wealthiest person claimed the title of 'World's Richest Person' for a while on Tuesday. (more…)
Legendary Quotes From 45 Successful Entrepreneurs
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Legendary Quotes From 45 Successful Entrepreneurs

An entrepreneur is someone who organises and manages any enterprise, especially a business, usually with considerable initiative and risk. Ever wondered how the likes of Richard Branson, Steve Jobs, Bill Gates, Mark Zuckerberg, J.K Rowling and many others became successful entrepreneurs? Believe it or not they know what it’s like to launch a new business and to start from the beginning. These successful entrepreneurs have worked their way up to the top and created a powerful name for themselves and for their business. Despite becoming successful entrepreneurs, the journey might not have always been an effortless one either but it’s what you learn on the way that counts within business. So let's hear out what these 'Super' entrepreneurs have to say to you: (more…)
Online Petition Platform Change.org Raises $30 Million From Linkedin Co-founder, Bill gates & Others
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Online Petition Platform Change.org Raises $30 Million From Linkedin Co-founder, Bill gates & Others

Linkedin Co-founder Reid Hoffman along with Bill Gates & others lead latest funding round of more than $30 million in change.org. The news was first disclosed by Reid Hoffman on his Linkedin account. Other existing Change.org investors include Richard Branson, Ashton Kutcher, and the rapper Nas. Change.org performs functions that are key to a healthy democracy functions that were once mostly the domain of daily newspapers and other traditional news outlets. It informs its users about issues and developments that are of local, national, and even global relevance. It gives a megaphone to marginalized and disenfranchised communities. Its users and petition starters hold powerful interests accountable. Founded by Ben Rattray in 2007, the platform has attracted nearly 200 million u...
Microsoft’s Market Value Tops $500 Billion Again after 17 years
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Microsoft’s Market Value Tops $500 Billion Again after 17 years

Microsoft Corp's market capitalization topped $500 billion for the first time since 2000 on Friday, after the technology giant's stock rose following another quarter of results that beat Wall Street's expectations. Shares of the world's biggest software company rose as much as 2.1 percent to $65.64, an all-time high, in early trading, valuing the company at $510.37 billion. The last time Microsoft was valued more was in March 2000, during the heyday of the dotcom era, when it had a market value of a little above $550 billion, according to Thomson Reuters data. Despite the gains, Microsoft still lags Apple Inc's market capitalization of about $642 billion and Google-parent Alphabet Inc's market value of a little more than $570 billion. Microsoft reported second-quarter results o...
Bill Gates Starts $1 Billion “Breakthrough Energy Ventures Fund” on Climate Change
FUNDING, News

Bill Gates Starts $1 Billion “Breakthrough Energy Ventures Fund” on Climate Change

Microsoft co-founder Bill Gates and a group of high-profile executives are investing USD 1 billion in a fund to spur clean energy technology and address global climate change a year after the Paris climate agreement. Gates launched the Breakthrough Energy Ventures fund on Monday along with billionaire entrepreneurs such as Facebook Inc head Mark Zuckerberg, Alibaba Group Holding Ltd Chairman Jack Ma and Amazon.com chief Jeff Bezos. The fund seeks to increase financing of emerging energy research and reduce global greenhouse gas emissions to help meet goals set in Paris, according to a statement by the investor group known as the Breakthrough Energy Coalition. It marked the first major investment of the coalition formed in December 2015 to spur research, development and deployment of c...