Bill Gates in full William Henry Gates III was born on October 28, 1955 in Seattle in a family having rich business, political and community service background. His great-grandfather was a state legislator and a mayor, his grandfather was vice president of national bank and his father was a lawyer

Bill believed in achieving his goals through hard work. He also believes that if you are intelligent and know how to use your intelligence, you can reach your goals and targets. From his early days Bill was ambitious, competitive and intelligent. These qualities helped him to attain great position in the profession he chose also Bill was deemed by his peers and his teachers as the smartest kid on campus; Bill’s parents came to know their son’s intelligence and decided to enroll him in a private school, known for its intense academic environment. That was the most important decision in Bill Gate’s life where he was first introduced to computers. Bill Gates and his friends were very much interested in computer and formed “Programmers Group” in late 1968. Being in this group, they found a new way to apply their computer skill in university of Washington. In the next year, they got their first opportunity in Information Sciences Inc. in which they were selected as programmers. ISI (Information Sciences Inc.) agreed to give them royalties, whenever it made money from any of the group’s program. As a result of the business deal signed with Information Sciences Inc., the group also became a legal business.

         Gates wrote his first software program at the age of 13. In high school he helped form a group of programmers who computerized their school’s payroll system and founded Traf-O-Data, a company that sold traffic-counting systems to local governments. . From this project they earned around $20,000. The era of Traf-O-Data came to an end when Gates left the college. Upon graduating from Lakeside Bill enrolled in Harvard University in 1973, one of the best universities in the country, He didn’t know what to do, so he enrolled his name for pre-law. He took the standard freshman courses with the exception of signing up for one of Harvard’s toughest mathematics courses. He did well over there, but he couldn’t find it interesting too. He spent many long nights in front of the school’s computer and the next day asleep in class.

 After leaving school, he almost lost himself from the world of computers. Gates and his friend Paul Allen remained in close contact even though they were away from school. They would often discuss new ideas for future projects and the possibility of starting a business one fine day. At the end of Bill’s first year, Allen came close to him so that they could follow some of their ideas. That summer they got job in Honeywell. Allen kept on pushing Bill for opening a new software company. HE  joined his hometown friend Paul G. Allen to develop software for the first microcomputers. They began by adapting BASIC, a popular programming language used on large computers, for use on microcomputers. With the success of this project, Within a year, Bill Gates dropped out from Harvard., Then he formed Microsoft.

 Microsoft’s vision is “A computer on every desk and Microsoft software on every computer”. Bill is a visionary person and works very hard to achieve his vision. His belief in high intelligence and hard work has put him where he is today. He does not believe in mere luck or God’s grace, but just hard work and competitiveness. Bill’s Microsoft is good competition for other software companies and he will continue to stomp out (challenge) the competition until he dies. He likes to play the game of Risk and the game of world domination. His beliefs are so powerful, which have helped him increase his wealth and his monopoly in the industry.

 Gates’s sway over the infant microcomputer industry greatly increased when Microsoft licensed an operating system called MS-DOS to International Business Machines Corporation—then the world’s biggest computer supplier and industry pacesetter—for use on its first microcomputer, the IBM PC (personal computer). After the machine’s release in 1981, IBM quickly set the technical standard for the PC industry, and MS-DOS likewise pushed out competing operating systems. While Microsoft’s independence strained relations with IBM, Gates deftly manipulated the larger company so that it became permanently dependent on him for crucial software.

The big break for Microsoft came in 1980 when IBM approached them for a new BASIC operating system for its new computers. In the early 1980s IBM was by far the leading PC manufacture. However increasingly there developed many IBM PC clones; (PCs developed by other companies compatible with IBM’s). Microsoft worked hard to sell its operating system to these other companies. Thus Microsoft was able to gain the dominant position of software manufacture just as the personal computer market started to boom. Since its early dominance no other company has come close to displacing Microsoft as the dominant provider of computer operating software.

Largely on the strength of Microsoft’s success, Gates amassed a huge paper fortune as the company’s largest individual shareholder. He became a paper billionaire in 1986, and within a decade his net worth had reached into the tens of billions of dollars—making him by some estimates the world’s richest private individual

By the start of the 1990s he had become the PC industry’s ultimate kingmaker.

In 1990 Microsoft released its first version of Windows. This was a break through in operating software as it replaced text interfaces with graphical interfaces. It soon became a best seller and was able to capture the majority of the operating system market share. In 1995 Windows 95 was released, setting new standards and features for operating systems. This version of windows has been the backbone of all future releases from Windows 2000 to the latest XP and Vista.

With few interests beyond software and the potential of information technology, Gates at first preferred to stay out of the public eye, handling civic and philanthropic affairs indirectly through one of his foundations. Nevertheless, as Microsoft’s power and reputation grew, and especially as it attracted the attention of the U.S. Justice Department’s antitrust division, Gates, with some reluctance, became a more public figure. Rivals (particularly in competing companies in Silicon Valley) portrayed him as driven, duplicitous, and determined to profit from virtually every electronic transaction in the world. His supporters, on the other hand, celebrated his uncanny business acumen, his flexibility, and his boundless appetite for finding new ways to make computers and electronics more useful through software.

All of these qualities were evident in Gates’s nimble response to the sudden public interest in the Internet. Beginning in 1995 and 1996, Gates feverishly refocused Microsoft on the development of consumer and enterprise software solutions for the Internet, developed the Windows CE operating system platform for networking noncomputer devices such as home televisions and personal digital assistants, created the Microsoft Network to compete with America Online and other Internet providers, and, through Gates’s company Corbis, acquired the huge Bettmann photo archives and other collections for use in electronic distribution.

 Throughout his time in office Bill Gates has been keen to diversify the business of Microsoft. For example Microsoft’s Internet Explorer has become the dominant web browser, although this is mainly because it comes pre installed on most new computers. In one area at least Microsoft has not gained Monopoly power, and that is in the area of search engines. MSN live search has struggled to gain more than 12% of market share. In this respect Microsoft has been dwarfed by Google. Nevertheless the success of Microsoft in cornering various aspects of the software market has led to several anti trust cases. In 1998 US v Microsoft, Microsoft came close to being broken up into 3 smaller firms. However on appeal Microsoft were able to survive as a single firm.

Philanthropic Activities – Bill Gates

Bill Gates is married to Melinda French (married in 1992). They have 3 children Jennifer (1996), Rory (1999) and Phoebe (2002). With his wife Bill Gates formed the Bill & Melinda Gates Foundation. Bill Gates says much of the inspiration came from the example of David Rockefeller. Like Rockefeller, Gates has sought to focus on global issues ignored by the government; he also expressed an interest in improving the standards of public school education in the US. He has appeared with Oprah Winfrey to promote this objective. In respect to charitable, philanthropic activities Gates has also received encouragement from investor Warren Buffet. Recently Gates announced that from 2008 he would work full time on his philanthropic interests. Forbes magazine 2004 estimated that Gates has given over $24 billion dollars in the 4 years from 2000 to 2004.

  Bill Gates is not a greedy person. In fact, he is quite giving person when it comes to computers, internet and any kind of funding. Some years back, he visited Chicago’s Einstein Elementary School and announced grants benefiting Chicago’s schools and museums where he donated a total of $110,000, a bunch of computers, and provided internet connectivity to number of schools. Secondly, Bill Gates donated 38 million dollars for the building of a computer institute at Stanford University.

With his wife, Melinda, he launched the William H. Gates Foundation (renamed the Bill &  Melinda Gates Foundation in 1999) in 1994 to fund global health programs as well as projects in the Pacific Northwest. During the latter part of the 1990s, the couple also funded North American libraries through the Gates Library Foundation (renamed Gates Learning Foundation in 1999) and raised money for minority study grants through the Gates Millennium Scholars program. In June 2006 Warren Buffett announced an ongoing gift to the foundation, which would allow its assets to total roughly $60 billion in the next 20 years. At the beginning of the 21st century, the foundation continued to focus on global health and global development, as well as community and education causes in the United States. After a short transition period, Gates relinquished day-to-day oversight of Microsoft in June 2008—although he remained chairman of the board—in order to devote more time to the Bill & Melinda Gates Foundation. In February 2014 he stepped down as chairman but continued to serve as a board member.

Mark Elliot Zuckerberg

Mark Elliot Zuckerberg (born May 14, 1984) is an American computer programmer and Internet entrepreneur. He is best known as one of five co-founders of the social networking site Facebook. Zuckerberg is the chairman and chief executive of Facebook, Inc.

Born and raised in New York state, he took up writing software programs as a hobby in middle school, beginning with BASIC, with help from his father and a tutor (who called him a "prodigy"). In high school, he excelled in classic literature and fencing while studying at Phillips Exeter Academy.

Early Life

Mark Elliot Zuckerberg was born on May 14, 1984, in White Plains, New York, into a comfortable, well-educated family, and raised in the nearby village of Dobbs Ferry. His father, Edward Zuckerberg, ran a dental practice attached to the family's home. His mother, Karen, worked as a psychiatrist before the birth of the couple's four children—Mark, Randi, Donna and Arielle.

 Zuckerberg developed an interest in computers at an early age; when he was about 12, he used Atari BASIC to create a messaging program he named "Zucknet." His father used the program in his dental office, so that the receptionist could inform him of a new patient without yelling across the room. The family also used Zucknet to communicate within the house. Together with his friends, he also created computer games just for fun. "I had a bunch of friends who were artists," he said. "They'd come over, draw stuff, and I'd build a game out of it."

To keep up with Mark's burgeoning interest in computers, his parents hired private computer tutor David Newman to come to the house once a week and work with Mark. Newman later told reporters that it was hard to stay ahead of the prodigy, who began taking graduate courses at nearby Mercy College around this same time.

Zuckerberg later studied at Phillips Exeter Academy, an exclusive preparatory school in New Hampshire. There he showed talent in fencing, becoming the captain of the school's team. He also excelled in literature, earning a diploma in classics. Yet Zuckerberg remained fascinated by computers, and continued to work on developing new programs. While still in high school, he created an early version of the music software Pandora, which he called Synapse. Several companies—including AOL and Microsoft—expressed an interest in buying the software, and hiring the teenager before graduation. He declined the offers.

Time at Harvard

After graduating from Exeter in 2002, Zuckerberg enrolled at Harvard University. By his sophomore year at the ivy league institution, he had developed a reputation as the go-to software developer on campus. It was at that time that he built a program called CourseMatch, which helped students choose their classes based on the course selections of other users. He also invented Facemash, which compared the pictures of two students on campus and allowed users to vote on which one was more attractive. The program became wildly popular, but was later shut down by the school administration after it was deemed inappropriate.

Based on the buzz of his previous projects, three of his fellow students—Divya Narendra, and twins Cameron and Tyler Winklevoss—sought him out to work on an idea for a social networking site they called Harvard Connection. This site was designed to use information from Harvard's student networks in order to create a dating site for the Harvard elite. Zuckerberg agreed to help with the project, but soon dropped out to work on his own social networking site with friends Dustin Moskovitz, Chris Hughes and Eduardo Saverin.

Zuckerberg and his friends created a site that allowed users to create their own profiles, upload photos, and communicate with other users. The group ran the site—first called The Facebook—out of a dorm room at Harvard until June 2004. After his sophomore year, Zuckerberg dropped out of college to devote himself to Facebook full time, moving the company to Palo Alto, California. By the end of 2004, Facebook had 1 million users.

FaceMash – A Fun Site for Voting

In 2003, once summer evening when Mark Zuckerberg suffered from insomnia in the Harvard dormitory room, he got an idea to create a site called FaceMash. Mark decided to hack the database of Harvard, where the students uploaded their profile pictures. He quickly wrote a program that randomly selected two pictures of two random female students and put them next to each other, asking “Who is hotter?”, giving the option for voting.

The process was in full swing and site was visited by most of the students in Harvard. When the number of visitors exceeded the limit, the server crashed due to overload. Mark appeared before the committee on computer hacking. Of course nobody told Mark Zuckerberg ‘Well done!’ and he received a disciplinary action, and had noticed that such kind of things cause stormy interest in society. By the way, Harvard has refused to comment on the incident up till now.

The Rising of Facebook

Divya Narendra, Co-founded HarvardConnection

About ten months before the Zuckerberg’s FaceMash epic, one of the students of Harvard – Divya Narendra – had already spoken with the idea of creating a social network exclusively for Harvard students, many of whom were suffering from emotional stiffness. And not have ‘aliens’ engaged into the network, Narendra suggested using Harvard email address as the main username.

Divya Narendra’s partners were twins Tyler and Cameron Winklevoss. The father of the Winklevoss twins, Howard Winklevoss, is a successful financial consultant and put in his sons a lot of efforts and money – so the problem with the initial capital for the future network could be solved easily.

In conversation with Mark Narendra said that the project would be called Harvard Connection (later renamed to ConnectU), and its members will be posted to the Internet their photos, personal information and useful links. The tasks of Mark Zuckerberg included programming of the site and creating a special source code, which would allow the system to work as quickly as possible.

The Rise of Facebook

In 2005, Zuckerberg's enterprise received a huge boost from the venture capital firm Accel Partners. Accel invested $12.7 million into the network, which at the time was open only to ivy league students. Zuckerberg's company then granted access to other colleges, high school and international schools, pushing the site's membership to more than 5.5 million users by December 2005. The site then began attracting the interest of other companies, who wanted to advertize with the popular social hub. Not wanting to sell out, Zuckerberg turned down offers from companies such as Yahoo! and MTV Networks. Instead, he focused on expanding the site, opening up his project to outside developers and adding more features.

Zuckerberg seemed to be going nowhere but up, however in 2006, the business mogul faced his first big hurdle. The creators of Harvard Connection claimed that Zuckerberg stole their idea, and insisted the software developer needed to pay for their business losses. Zuckerberg maintained that the ideas were based on two very different types of social networks but, after lawyers searched Zuckerberg's records, incriminating Instant Messages revealed that Zuckerberg may have intentionally stolen the intellectual property of Harvard Connection and offered Facebook users' private information to his friends.

Zuckerberg later apologized for the incriminating messages, saying he regretted them. "If you're going to go on to build a service that is influential and that a lot of people rely on, then you need to be mature, right?" he said in an interview with The New Yorker. "I think I've grown and learned a lot."

Although an initial settlement of $65 million was reached between the two parties, the legal dispute over the matter continued well into 2011, after Narendra and the Winklevosses claimed they were misled in regards to the value of their stock.

Zuckerberg faced yet another personal challenge when the 2009 book The Accidental Billionaires, by writer Ben Mezrich, hit stores. Mezrich was heavily criticized for his re-telling of Zuckerberg's story, which used invented scenes, re-imagined dialogue and fictional characters. Regardless of how true-to-life the story was, Mezrich managed to sell the rights of the tale to screenwriter Aaron Sorkin, and the critically acclaimed film The Social Network received eight Academy Award nominations.

Zuckerberg objected strongly to the film's narrative, and later told a reporter atThe New Yorker that many of the details in the film were inaccurate. For example, Zuckerberg has been dating longtime girlfriend Priscilla Chan, a Chinese-American medical student he met at Harvard, since 2003. He also said he never had interest in joining any of the final clubs. "It's interesting what stuff they focused on getting right; like, every single shirt and fleece that I had in that movie is actually a shirt or fleece that I own," Zuckerberg told a reporter at a start-up conference in 2010. "So there's all this stuff that they got wrong and a bunch of random details that they got right."

Yet Zuckerberg and Facebook continued to succeed, in spite of the criticism.Time magazine named him Person of the Year in 2010, and Vanity Fairplaced him at the top of their New Establishment list. Forbes also ranked Zuckerberg at No. 35—beating out Apple CEO Steve Jobs—on its "400" list, estimating his net worth to be $6.9 billion.

Philanthropic Causes

Since amassing his sizeable fortune, Zuckerberg has used his millions to fund a variety of philanthropic causes. The most notable examples came in 2010. In September of that year, he donated $100 million to save the failing Newark Public Schools system in New Jersey. Then, in December 2010, Zuckerberg signed the "Giving Pledge", promising to donate at least 50 percent of his wealth to charity over the course of his lifetime. Other Giving Pledge members include Bill Gates, Warren Buffett and George Lucas. After his donation, Zuckerberg called on other young, wealthy entrepreneurs to follow suit. "With a generation of younger folks who have thrived on the success of their companies, there is a big opportunity for many of us to give back earlier in our lifetime and see the impact of our philanthropic efforts," he said.

Going Public

Zuckerberg made two major life changes in May 2012. Facebook had its initial public offering, which raised $16 billion, making it the biggest internet IPO in history. How Zuckerberg's company will handle this influx of cash remains to be seen. But Zuckerberg may be looking at more acquisitions. He personally negotiated the company deal to buy Instragram the previous month.

After the initial success of the IPO, the Facebook stock price dropped somewhat in the early days of trading. But Zuckerberg is expected to weather any ups and downs in his company's market performance. He holds more than a quarter of its stock and retains 57 percent control of the voting shares.

On May 19, 2012—a day after the IPO—Zuckerberg wed his longtime girlfriend, Priscilla Chan. About 100 people gathered at the couple's Palo Alto, California home. The guests thought they were there to celebrate Chan's graduation from medical school, but instead they witnessed Zuckerberg and Chan exchange vows.

In May 2013, Facebook made the Fortune 500 list for the first time—making Zuckerberg, at the age of 28, the youngest CEO on the list.

How Facebook Makes Money

In 2013, the turnover of Facebook, Inc. reached $7.87 billion and net income – $1.5 billion. The growth rates are also impressive: three years turnover has increased six-fold.

Basis earnings of Facebook come from contextual ads on the pages of social network. Growing number of users and the time they spend on the site is converted into advertising revenues. 85% percent of cash-flow that went through the company last year was earned through contextual advertising.

Most of the rest 15% are deductions from purchases made through the Facebook payment system. These are mostly not real, but virtual goods. For example seeds, fruits and vegetables, purchased by fans of the popular game Farmville developed by Zynga.

FarmVille – popular game on Facebook developed by Zynga

Despite the apparent frivolity, virtual goods is a serious business, and the Facebook report confirms that. The company estimates that in 2010 the global market turnover for virtual goods reached $7 billion, and by 2014 it rose to $15 billion.

At the beginning of January 2013, Facebook Inc. started testing the service of paid private messaging. Facebook charges $1.00 for a private message that you can send to the users who are not in your friend list. And the message goes directly to their Inbox folder, instead of Other one. But Facebook went further and realized that some users are worth more than a $1. If you want to send a message to Facebook CEO Mark Zuckerberg and get into his inbox, you might have to pay $100 for this exclusive option. This is another very simple way to generate additional revenue.

Acquisition of Instagram, Oculus Rift and WhatsApp

Co-founders of Instagram Mike Krieger (left) and Kevin Systrom (right)

Mark Zuckerberg is a great strategist and he keeps acquiring companies that continue their operation as independent entities under Facebook’s umbrella.

In April 2012, acquired mobile photo sharing app Instagram for $1 billion in cash and stock. Initially, it was an iOS application developed by Mike Krieger and Kevin Systrom. Now Instagram application is available on Android OS as well.

Palmer Freeman Luckey, founder of Oculus VR

In March 2014, Facebook closed acquisition of Oculus Rift for $2 billion. Oculus Rift is a virtual reality hardware engineered by Oculus VR Company headed by Palmer Freeman Luckey. Facebook paid $400 million in cash plus 23.1m Facebook shares, with a further $300 million in incentives if it hits certain milestones in the future.

In October 2014, Mark Zuckerberg completed purchase of WhatsApp for $22 billion. Facebook paid $4.59 billion in cash and 177,760,669 shares in the company. WhatsApp is an instant messaging application founded by Jan Koum and Brian Acton in 2009.

WhatsApp Co-Founders Brian Acton (left) and Jan Koum (right)

Mark Zuckerberg: TIME’s 2010 Person of the Year

In January 2010, TIME magazine named Facebook founder, CEO and 26-year old billionaire Mark Zuckerberg the Person of the Year 2010.

Lady Gaga, James Cameron and founder of WikiLeaks, Julian Assange, were struggling for this title that year. However, TIME magazine chose his hero. ‘The social network created by Mark connected almost every tenth person on the planet’, – Richard Stengel, TIME editor-in-chief explained their choice. According to him, ‘Today, Facebook is the third largest country in the world that knows about its citizens as much as no government on planet does.’

Mark Zuckerberg named TIMES’s person of the year 2010

According to TIME, in the past year no one else had such great impact on the world than the current winner. Mark’s popularity is so high that in 2010 David Fincher shot a movie ‘The Social Network’ in which the main role of Facebook founder was brilliantly played by Jesse Eisenberg. Previously, TIME’s ‘persons of the year’ became the United States presidents Bill Clinton and Barack Obama.

In 2010, Forbes magazine admitted Mark Zuckerberg as the youngest billionaire in its list to the state of $4 billion.

In the rating of the 400 richest people in the United States, published by Forbes magazine in 2014, Zuckerberg took 11th place with a net worth of $34 billion.

Mark Zuckerberg’s Lifestyle

Currently Zuckerberg lives in the Palo Alto in a $7 million estate that features 5 bedrooms a saltwater pool, and over 5,000 square feet of property.

Mark Zuckerberg’s Wife Priscilla Chan

On May 19, 2012 Mark Zuckerberg married his longtime girlfriend Priscilla Chan in Palo Alto, California and finally they happy live together.

We hope you have enjoyed reading Mark Zuckerberg biography and breathtaking success story of Facebook and it has inspired you to new discoveries.