Corbis Corporation is an American company, based in Seattle, Washington, that licenses the rights to photographs, footage and other visual media. It has a collection of more than 100 million images and 500,000 video clips.^[2]

Lines of business[link]

Image licensing and search[link]

The company's collection includes contemporary creative, editorial, entertainment, and historical photography as well as art and illustrations. Among its acquisitions are the 11 million piece Bettmann Archive, acquired in 1995; the Sygma collection in France (1999); and the German stock image company Zefa (2005). Corbis also has the rights to digital reproduction for art from the Hermitage Museum in St. Petersburg, Russia, the Philadelphia Museum of Art and the National Gallery in London.^[3] Corbis adds hundreds of thousands of new images every year.

Corbis's collections include:

• Contemporary creative imagery from the zefa, etsa, Corbis's wholly owned collections and others.
• Celebrity photos from the Outline and Corbis Entertainment collections.
• Historical and editorial images from photojournalists, museums, and cultural institutions including Andy Warhol Foundation, Ansel Adams, Douglas Kirkland, James White^{[disambiguation needed ]}, The Smithsonian Institution, The National Gallery, London, The State Hermitage Museum, Christie's Images, and the Bettmann, Hulton-Deutsch, Sygma and Brett Weston collections.

Corbis has a subsidiary, Veer, that focuses on licensing low-cost images that are crowd-sourced from photographers around the world as well as fonts and creative merchandise.

Rights services[link]

Corbis has a division called GreenLight that handles licensing of content, clearances, rights representation and talent negotiations. GreenLight also represents rightsholders directly, including the personality rights of Bruce Lee; Johnny Cash and June Carter; the Andy Warhol Foundation; Steve McQueen; Mae West; the Wright brothers; and Albert Einstein.^{[citation needed]} GreenLight's rights and music clearances group will secure third-party rights to celebrity talent, music, TV and film clips, trademarks, footage, etc.

Footage licensing[link]

Corbis has a subsidiary, Corbis Motion, that has a library of more than 500,000 video clips including contemporary collections of people and lifestyle, business, sports, travel destinations, nature, and an archival collection that covers news and events, arts and entertainment and sports. The Corbis Motion web site has advanced search, purchase, and real-time delivery options.

History[link]

This article is in a list format that may be better presented using prose. You can help by converting this article to prose, if appropriate. Editing help is available. (June 2011)

Founding[link]

Corbis is privately owned by Bill Gates, who founded the company in 1989 under the name Interactive Home Systems (a name currently held by an unrelated, slightly older company based in Concord, Massachusetts). One major reason for starting the company was Gates's belief that people would someday decorate their homes with a revolving display of digital artwork using digital frames.^[4] The company's name was changed to Continuum Productions in 1994 and to Corbis Corporation a year later. "Corbis" is Latin for "wicker basket", which at the time referred to the company's emerging view of itself as a receptacle or storehouse for visual media.

1990 to 2000[link]

Corbis began with a goal much different from its strategy today. At its formation, Interactive Home Systems presented itself to the corporate world as an art-licensing company. Gates envisioned a system that could deliver the great art works of human history into consumers' homes, and he formed Interactive Home Systems as the company that eventually would beam the paintings of famous artists via technology that had yet to be developed. Interactive television was suggested as a way to deliver the content, but as the development of the ultimate conduit was under way, Corbis focused on digitizing content and acquiring rights to images. Corbis signed agreements with the National Gallery of London, the Library of Congress, the Sakamoto Archive, the Philadelphia Museum of Art, and the State Hermitage Museum in St. Petersburg, Russia.

Strategic Change in 1994 Leads to Bettmann Archive Acquisition in 1995

• In 1994, a new management team was put in place, as the pursuit of developing technology became a secondary concern. Of primary importance was cataloging, indexing, and acquiring further image collections. The change in priorities reflected a shift from the company's roots as an art-licensing concern toward a new corporate objective: assembling the most comprehensive digital photographic archive in the world. Along with the altered business focus came a new name. Interactive Home Systems was changed as the company's corporate banner, replaced by Continuum Productions, which was dropped in favor of Corbis Corporation, adopted in 1995.

• In October 1995, the company purchased the huge Bettmann Archive collection which included the pre-1983 photo library of United Press International and its predecessor photo agencies, Acme and INP, the photo arm of the International News Service. Prior to acquiring the Bettmann Archive, Corbis represented roughly 500,000 images, a total that increased exponentially when the Bettmann drawings, artworks, news photographs, and other illustrations were added to the company's portfolio. In all the Bettmann Archive contained 16 million images.^[5] The archive is today stored 220 feet underground in a refrigerated cave in the Iron Mountain storage facility,^[6] and the company also maintains a similar archive outside of Paris, France, preserving more than 30 million images from the Sygma Collection.

• In 1996 the company acquired the exclusive rights to approximately 40,000 images photographed by renowned wilderness photographer Ansel Adams.^[7]

• In 1997, Corbis named company veterans, Steve David and Tony Rojas, co-CEOs. Corbis also hired two industry leaders - David Rheins to run Corbis' Productions, and Leslie Hughes to lead the company's B2B image licensing division, Corbis' Images.^[8] These hires marked the company's shift to a more market focused entity.

• Corbis Productions published several award winning CD-ROM titles such as A Passion for Art: Renoir, Cézanne, Matisse, and Dr. Barnes, compiled from the Barnes Foundation collection, and Leonardo DaVinci, which showcased the Codex Leicester.^[9]

• Corbis Images benefited from significant acquisitions completed that underscored the company's commitment to electronic commerce and ignited impressive revenue growth for many years to come.

• In 1998, Leslie Hughes was named President of Corbis Images. The company expanded internationally and through product development and further acquisitions. The company acquired Digital Stock Corp., a leading supplier of royalty-free images to further expand its offering.^[10] In 1998, another division was added to Corbis Images when the company acquired Outline Press Syndicate, Inc., the leading supplier of celebrity portrait photography. Renamed Corbis Outline, the company syndicated studio portraits and candid photographs of actors, musicians, athletes, politicians, business leaders, scientists, and other celebrities and provided the images for sale to a broad range of national magazines.^[11]

• In June 1999, the company acquired Sygma, the largest news photography agency in the world. Organized as a division of Corbis Images, the France-based company, renamed Corbis Sygma, added an astounding 40 million additional images to the company's collection, expanding Corbis's portfolio beyond 65 million images. The archive is today stored in a preservation and access facility outside Paris.^[12]

2000–2010[link]

Corbis business-to-business image licensing business expanded with the growth of the Internet in the early part of the decade. The company also expanded geographically, making multiple acquisitions such as the Stock Market^[13] and expanding into the footage licensing market with the acquisition of Sekani.

• In 2000, after the company's dramatic growth in the professional licensing business, Corbis named Leslie Hughes, President of the newly consolidated Markets and Products Group (CMPG). The new group represented the consolidation of three formally separate business units., profesional licensing, and business communicator (Small office).^[14]

• In 2001 Corbis built a state-of-the-art preservation facility in western Pennsylvania to house the renowned Bettmann Archive. Corbis committed to preserving the collection for generations to come, and to allow continued access to this extraordinary collection.^[15]

• In late 2002, Leslie Hughes stepped down as President of Corbis' Markets and Products Group. Steve Davis was named as sole CEO, and Tony Rojas was appointed the company's President.

• In 2005, the company expanded further into Europe with the acquisition of zefa,^[16] and into Australia in 2006, with the acquisition of Australian Picture Library.^[17]

• In April 2007, the company announced it was naming new leadership. Steve Davis stepped down as CEO, and Gary Shenk was named as the new CEO as of July 1.^[4][18] Shenk oversaw aggressive cost-cutting efforts to improve the company’s financial performance and address the rise of low-cost competitors. The company experienced several waves of layoffs for the next several years, shed non-profitable lines of business and reduced its number of offices globally.

• In November 2007, Corbis announced that it would be purchasing Veer and would continue to operate it as a separate brand.^[19]

• In early June 2007, Corbis announced that it was creating a microstock website, SnapVillage. The company said it intended to use its microstock site as a farm club to find photographers who could also sell their photographs on the main Corbis Web site. In late June, the company launched SnapVillage, with about 10,000 images initially viewable. SnapVillage was closed due to low sales in early 2009 and rolled into Veer.

• Corbis rebranded its Rights Services Division, previously a Division of Corbis Images, as "GreenLight" in 2008.^[20]

• In July 2008 Corbis sold eMotion LLC, its media management division, to Open Text Corporation.

• In May 2009, Corbis opened the Sygma Preservation and Access Facility outside Paris, France, housing tens of millions of photographic elements from the past half century in Europe.^[21] The company in 2009 also re-launched its Corbis Motion website with hundreds of thousands of new video clips, after signing a new partnership with Thought Equity Motion.^[22]

• In 2010, Corbis increased its focus on serving web and mobile customers, with the introduction of low-resolution file sizes images that were more affordable for Web and Mobile use.^[22] Corbis also relaunched its Veer.com website with a greater focus on affordable images and fonts to compete more effectively against low cost competitors.^[23]

• In 2010, Corbis was found to have committed fraud against Infoflows Corporation.^[1][24]

• In this decade, Corbis has discussed its financial direction in moving towards profitability multiple times without success.^[25][26][27]

2011–present[link]

• In January 2011, Shirley Jones sued Corbis alleging the company violated her publicity rights, and seeking class-action status for other celebrities.^[28]
• July 2011 - Five Photographers take Corbis to court for misuse of corporate assets in closing Corbis sygma.^[29]
• July 2011 - Corbis acquires Splash Media, a Los Angeles based firm that deals in celebrity photography.^[30]
• August 2011 - Corbis and the Associated Press announce a distribution deal to try to reach each other's customers for current and archival photographs. Corbis' collection includes the library of onetime AP-rival UPI, acquired in the purchase of Bettman.^[31]
• January 2012 - Corbis Acquires Leading Product Placement Agency - Norm Marshall Group. ^[32]
• May 2012 - Washington State Appellate Court Upholds Jury Verdict that Bill Gates-owned Corbis Committed Fraud.^[33][34]

References[link]

Further reading[link]

• Dear Bill Gates, Dir. Sarah J. Christman, USA, 2006.
• Company history from Funding Universe

External links[link]

• Official website
• Veer
• Corbis Motion
• Green Light Rights

Bill Gates
Gates at the World Economic Forum in 2007
Born	William Henry Gates III (1955-10-28) October 28, 1955 (age 56) Seattle, Washington, United States
Residence	Medina, Washington, United States
Nationality	American
Alma mater	Harvard University (dropped out)
Occupation	Chairman of Microsoft Co-Chair of the Bill & Melinda Gates Foundation CEO of Cascade Investment Chairman of Corbis
Years active	1975–present
Net worth	US$ 61 billion (2012)[1]
Board member of	Berkshire Hathaway
Religion	None (Agnostic[2][3])
Spouse	Melinda Gates (m. 1994) «start: (1994)»"Marriage: Melinda Gates to Bill Gates" Location: (linkback:http://en-wiki.pop.wn.com/index.php/Bill_Gates)
Children	3
Parents	William H. Gates, Sr. Mary Maxwell Gates
Signature
Website
Bill Gates

William Henry "Bill" Gates III (born October 28, 1955 in Seattle, Washington)^[4] is an American business magnate, computer programmer and philanthropist. Gates is the former chief executive officer (CEO) and current chairman of Microsoft, the world’s largest personal-computer software company he co-founded with Paul Allen. He is consistently ranked among the world's wealthiest people^[5] and was the wealthiest overall from 1995 to 2009, excluding 2008, when he was ranked third;^[6] in 2011 he was the wealthiest American and the second wealthiest person.^[7][8] During his career at Microsoft, Gates held the positions of CEO and chief software architect, and remains the largest individual shareholder, with 6.4 percent of the common stock.^[9] He has also authored or co-authored several books.

Gates is one of the best-known entrepreneurs of the personal computer revolution. Gates has been criticized for his business tactics, which have been considered anti-competitive, an opinion which has in some cases been upheld by the courts.^[10][11] In the later stages of his career, Gates has pursued a number of philanthropic endeavors, donating large amounts of money to various charitable organizations and scientific research programs through the Bill & Melinda Gates Foundation, established in 2000.^[12]

Gates stepped down as chief executive officer of Microsoft in January 2000. He remained as chairman and created the position of chief software architect. In June 2006, Gates announced that he would be transitioning from full-time work at Microsoft to part-time work, and full-time work at the Bill & Melinda Gates Foundation. He gradually transferred his duties to Ray Ozzie, chief software architect, and Craig Mundie, chief research and strategy officer. Gates's last full-time day at Microsoft was June 27, 2008. He remains at Microsoft as non-executive chairman.

Early life[link]

Bill Gates was photographed by the Albuquerque, New Mexico police in 1977 after a traffic violation (details of which have been lost over time).

Gates was born in Seattle, Washington, to William H. Gates, Sr. and Mary Maxwell Gates. His parents are of English, German, and Scots-Irish descent.^[13][14] His father was a prominent lawyer, and his mother served on the board of directors for First Interstate BancSystem and the United Way. Gates's maternal grandfather was J. W. Maxwell, a national bank president. Gates has one elder sister, Kristi (Kristianne), and one younger sister, Libby. He was the fourth of his name in his family, but was known as William Gates III or "Trey" because his father had the "II" suffix.^[15] Early on in his life, Gates's parents had a law career in mind for him.^[16] When Gates was young, his family regularly attended a Congregational church.^[17][18][19]

At 13 he enrolled in the Lakeside School, an exclusive preparatory school.^[20] When he was in the eighth grade, the Mothers Club at the school used proceeds from Lakeside School's rummage sale to buy a Teletype Model 33 ASR terminal and a block of computer time on a General Electric (GE) computer for the school's students.^[21] Gates took an interest in programming the GE system in BASIC, and was excused from math classes to pursue his interest. He wrote his first computer program on this machine: an implementation of tic-tac-toe that allowed users to play games against the computer. Gates was fascinated by the machine and how it would always execute software code perfectly. When he reflected back on that moment, he said, "There was just something neat about the machine."^[22] After the Mothers Club donation was exhausted, he and other students sought time on systems including DEC PDP minicomputers. One of these systems was a PDP-10 belonging to Computer Center Corporation (CCC), which banned four Lakeside students—Gates, Paul Allen, Ric Weiland, and Kent Evans—for the summer after it caught them exploiting bugs in the operating system to obtain free computer time.^[23]

At the end of the ban, the four students offered to find bugs in CCC's software in exchange for computer time. Rather than use the system via Teletype, Gates went to CCC's offices and studied source code for various programs that ran on the system, including programs in FORTRAN, LISP, and machine language. The arrangement with CCC continued until 1970, when the company went out of business. The following year, Information Sciences, Inc. hired the four Lakeside students to write a payroll program in COBOL, providing them computer time and royalties. After his administrators became aware of his programming abilities, Gates wrote the school's computer program to schedule students in classes. He modified the code so that he was placed in classes with mostly female students. He later stated that "it was hard to tear myself away from a machine at which I could so unambiguously demonstrate success."^[22] At age 17, Gates formed a venture with Allen, called Traf-O-Data, to make traffic counters based on the Intel 8008 processor.^[24] In early 1973, Bill Gates served as a congressional page in the U.S. House of Representatives.^[25]

Gates graduated from Lakeside School in 1973. He scored 1590 out of 1600 on the SAT^[26] and enrolled at Harvard College in the autumn of 1973.^[27] While at Harvard, he met Steve Ballmer, who later succeeded Gates as CEO of Microsoft.

The Poker Room in Currier House at Harvard University, in which Bill Gates and Steve Ballmer formed Microsoft

In his sophomore year, Gates devised an algorithm for pancake sorting as a solution to one of a series of unsolved problems^[28] presented in a combinatorics class by Harry Lewis, one of his professors. Gates's solution held the record as the fastest version for over thirty years;^[28][29] its successor is faster by only one percent.^[28] His solution was later formalized in a published paper in collaboration with Harvard computer scientist Christos Papadimitriou.^[30]

Gates did not have a definite study plan while a student at Harvard^[31] and spent a lot of time using the school's computers. Gates remained in contact with Paul Allen, and he joined him at Honeywell during the summer of 1974.^[32] The following year saw the release of the MITS Altair 8800 based on the Intel 8080 CPU, and Gates and Allen saw this as the opportunity to start their own computer software company.^[33] He had talked this decision over with his parents, who were supportive of him after seeing how much Gates wanted to start a company.^[31]

Microsoft[link]

BASIC[link]

MITS Altair 8800 Computer with 8-inch (200 mm) floppy disk system

After reading the January 1975 issue of Popular Electronics that demonstrated the Altair 8800, Gates contacted Micro Instrumentation and Telemetry Systems (MITS), the creators of the new microcomputer, to inform them that he and others were working on a BASIC interpreter for the platform.^[34] In reality, Gates and Allen did not have an Altair and had not written code for it; they merely wanted to gauge MITS's interest. MITS president Ed Roberts agreed to meet them for a demo, and over the course of a few weeks they developed an Altair emulator that ran on a minicomputer, and then the BASIC interpreter. The demonstration, held at MITS's offices in Albuquerque was a success and resulted in a deal with MITS to distribute the interpreter as Altair BASIC. Paul Allen was hired into MITS,^[35] and Gates took a leave of absence from Harvard to work with Allen at MITS in Albuquerque in November 1975. They named their partnership "Micro-Soft" and had their first office located in Albuquerque.^[35] Within a year, the hyphen was dropped, and on November 26, 1976, the trade name "Microsoft" was registered with the Office of the Secretary of the State of New Mexico.^[35] Gates never returned to Harvard to complete his studies.

Microsoft's BASIC was popular with computer hobbyists, but Gates discovered that a pre-market copy had leaked into the community and was being widely copied and distributed. In February 1976, Gates wrote an Open Letter to Hobbyists in the MITS newsletter saying that MITS could not continue to produce, distribute, and maintain high-quality software without payment.^[36] This letter was unpopular with many computer hobbyists, but Gates persisted in his belief that software developers should be able to demand payment. Microsoft became independent of MITS in late 1976, and it continued to develop programming language software for various systems.^[35] The company moved from Albuquerque to its new home in Bellevue, Washington on January 1, 1979, after the former rejected his loan application.^[34]

During Microsoft's early years, all employees had broad responsibility for the company's business. Gates oversaw the business details, but continued to write code as well. In the first five years, Gates personally reviewed every line of code the company shipped, and often rewrote parts of it as he saw fit.^[37]

IBM partnership[link]

IBM approached Microsoft in July 1980 regarding its upcoming personal computer, the IBM PC.^[38] The computer company first proposed that Microsoft write the BASIC interpreter. When IBM's representatives mentioned that they needed an operating system, Gates referred them to Digital Research (DRI), makers of the widely used CP/M operating system.^[39] IBM's discussions with Digital Research went poorly, and they did not reach a licensing agreement. IBM representative Jack Sams mentioned the licensing difficulties during a subsequent meeting with Gates and told him to get an acceptable operating system. A few weeks later Gates proposed using 86-DOS (QDOS), an operating system similar to CP/M that Tim Paterson of Seattle Computer Products (SCP) had made for hardware similar to the PC. Microsoft made a deal with SCP to become the exclusive licensing agent, and later the full owner, of 86-DOS. After adapting the operating system for the PC, Microsoft delivered it to IBM as PC-DOS in exchange for a one-time fee of $50,000.^[40]

Gates did not offer to transfer the copyright on the operating system, because he believed that other hardware vendors would clone IBM's system.^[40] They did, and the sales of MS-DOS made Microsoft a major player in the industry.^[41] Despite IBM's name on the operating system the press quickly identified Microsoft as being very influential on the new computer, with PC Magazine asking if Gates were "The Man Behind The Machine?"^[38] He oversaw Microsoft's company restructuring on June 25, 1981, which re-incorporated the company in Washington state and made Gates President of Microsoft and the Chairman of the Board.^[34]

Windows[link]

Microsoft launched its first retail version of Microsoft Windows on November 20, 1985, and in August, the company struck a deal with IBM to develop a separate operating system called OS/2. Although the two companies successfully developed the first version of the new system, mounting creative differences caused the partnership to deteriorate. It ended in 1991, when Gates led Microsoft to develop a version of OS/2 independently from IBM.^[42]

Management style[link]

From Microsoft's founding in 1975 until 2006, Gates had primary responsibility for the company's product strategy. He aggressively broadened the company's range of products, and wherever Microsoft achieved a dominant position he vigorously defended it. He gained a reputation for being distant to others; as early as 1981 an industry executive complained in public that "Gates is notorious for not being reachable by phone and for not returning phone calls."^[43]

As an executive, Gates met regularly with Microsoft's senior managers and program managers. Firsthand accounts of these meetings describe him as verbally combative, berating managers for perceived holes in their business strategies or proposals that placed the company's long-term interests at risk.^[44][45] He often interrupted presentations with such comments as, "That's the stupidest thing I've ever heard!"^[46] and, "Why don't you just give up your options and join the Peace Corps?"^[47] The target of his outburst then had to defend the proposal in detail until, hopefully, Gates was fully convinced.^[46] When subordinates appeared to be procrastinating, he was known to remark sarcastically, "I'll do it over the weekend."^[48][49][50]

Gates's role at Microsoft for most of its history was primarily a management and executive role. However, he was an active software developer in the early years, particularly on the company's programming language products. He has not officially been on a development team since working on the TRS-80 Model 100,^[51] but wrote code as late as 1989 that shipped in the company's products.^[49] On June 15, 2006, Gates announced that he would transition out of his day-to-day role over the next two years to dedicate more time to philanthropy. He divided his responsibilities between two successors, placing Ray Ozzie in charge of day-to-day management and Craig Mundie in charge of long-term product strategy.^[52]

Antitrust litigation[link]

Bill Gates giving his deposition at Microsoft on August 27, 1998

Many decisions that led to antitrust litigation over Microsoft's business practices have had Gates's approval. In the 1998 United States v. Microsoft case, Gates gave deposition testimony that several journalists characterized as evasive. He argued with examiner David Boies over the contextual meaning of words such as, "compete", "concerned", and "we".^[53] BusinessWeek reported:

Early rounds of his deposition show him offering obfuscatory answers and saying 'I don't recall,' so many times that even the presiding judge had to chuckle. Worse, many of the technology chief's denials and pleas of ignorance were directly refuted by prosecutors with snippets of e-mail that Gates both sent and received.^[54]

Gates later said he had simply resisted attempts by Boies to mischaracterize his words and actions. As to his demeanor during the deposition, he said, "Did I fence with Boies? ... I plead guilty. Whatever that penalty is should be levied against me: rudeness to Boies in the first degree."^[55] Despite Gates's denials, the judge ruled that Microsoft had committed monopolization and tying, and blocking competition, both in violation of the Sherman Antitrust Act.^[55]

Appearance in ads[link]

Gates appeared in a series of ads to promote Microsoft in 2008. The first commercial, co-starring Jerry Seinfeld, is a 90-second talk between strangers as Seinfeld walks up on a discount shoe store (Shoe Circus) in a mall and notices Gates buying shoes inside. The salesman is trying to sell Mr. Gates shoes that are a size too big. As Gates is buying the shoes, he holds up his discount card, which uses a slightly altered version of his own mugshot of his arrest in New Mexico in 1977 for a traffic violation.^[56] As they are walking out of the mall, Seinfeld asks Gates if he has melded his mind to other developers, after getting a yes, he then asks if they are working on a way to make computers edible, again getting a yes. Some say that this is an homage to Seinfeld's own show about "nothing" (Seinfeld).^[57] In a second commercial in the series, Gates and Seinfeld are at the home of an average family trying to fit in with normal people.

Post-Microsoft[link]

Since leaving day-to-day operations at Microsoft (where he remains Chairman^[58]), Gates continues his philanthropy and, among other projects, purchased the video rights to the Messenger Lectures series called The Character of Physical Law, given at Cornell University by Richard Feynman in 1964 and recorded by the BBC. The videos are available online to the public at Microsoft's Project Tuva.^[59][60]

In April 2010, Gates was invited to visit and speak at the Massachusetts Institute of Technology where he asked the students to take on the hard problems of the world in their futures.^[61][62]

Personal life[link]

Bill and Melinda Gates, June 2009

Gates married Melinda French on January 1, 1994. They have two daughters, Jennifer Katharine Gates (1996) and Phoebe Adele (2002), and one son, Rory John (1999).

The Gates's home is an earth-sheltered house in the side of a hill overlooking Lake Washington in Medina. According to King County public records, as of 2006 the total assessed value of the property (land and house) is $125 million, and the annual property tax is $991,000.

His 66,000 sq ft (6,100 m²) estate has a 60-foot (18 m) swimming pool with an underwater music system, as well as a 2,500 sq ft (230 m²) gym and a 1,000 sq ft (93 m²) dining room.^[63]

Also among Gates's private acquisitions is the Codex Leicester, a collection of writings by Leonardo da Vinci, which Gates bought for $30.8 million at an auction in 1994.^[64] Gates is also known as an avid reader, and the ceiling of his large home library is engraved with a quotation from The Great Gatsby.^[65] He also enjoys playing bridge, tennis, and golf.^[66][67]

Gates was number one on the Forbes 400 list from 1993 through to 2007 and number one on Forbes list of The World's Richest People from 1995 to 2007 and 2009. In 1999, Gates's wealth briefly surpassed $101 billion, causing the media to call him a "centibillionaire".^[68] Since 2000, the nominal value of his Microsoft holdings has declined due to a fall in Microsoft's stock price after the dot-com bubble burst and the multi-billion dollar donations he has made to his charitable foundations. In a May 2006 interview, Gates commented that he wished that he were not the richest man in the world because he disliked the attention it brought.^[69] Gates has several investments outside Microsoft, which in 2006 paid him a salary of $616,667 and $350,000 bonus totalling $966,667.^[70] He founded Corbis, a digital imaging company, in 1989. In 2004 he became a director of Berkshire Hathaway, the investment company headed by long-time friend Warren Buffett.^[71] In March 2010 Bill Gates was bumped down to the second wealthiest man behind Carlos Slim.

Philanthropy[link]

Gates (second from right) with Bono, Queen Rania of Jordan, Former British Prime Minister Gordon Brown, President Umaru Yar'Adua of Nigeria and other participants in a 'Call to Action on the Millennium Development Goals' during the Annual Meeting 2008 of the World Economic Forum in Davos, Switzerland

Gates began to appreciate the expectations others had of him when public opinion mounted suggesting that he could give more of his wealth to charity. Gates studied the work of Andrew Carnegie and John D. Rockefeller, and in 1994 sold some of his Microsoft stock to create the William H. Gates Foundation. In 2000, Gates and his wife combined three family foundations into one to create the charitable Bill & Melinda Gates Foundation, which is the largest transparently operated charitable foundation in the world.^[72] The foundation allows benefactors access to information regarding how its money is being spent, unlike other major charitable organizations such as the Wellcome Trust.^[73][74] The generosity and extensive philanthropy of David Rockefeller has been credited as a major influence. Gates and his father met with Rockefeller several times, and modeled their giving in part on the Rockefeller family's philanthropic focus, namely those global problems that are ignored by governments and other organizations.^[75] As of 2007, Bill and Melinda Gates were the second-most generous philanthropists in America, having given over $28 billion to charity.^[76] They plan to eventually give 95% of their wealth to charity.^[77]

The foundation was at the same time criticized because it invests assets that it has not yet distributed with the exclusive goal of maximizing return on investment. As a result, its investments include companies that have been charged with worsening poverty in the same developing countries where the Foundation is attempting to relieve poverty. These include companies that pollute heavily, and pharmaceutical companies that do not sell into the developing world.^[78] In response to press criticism, the foundation announced in 2007 a review of its investments, to assess social responsibility.^[79] It subsequently canceled the review and stood by its policy of investing for maximum return, while using voting rights to influence company practices.^[80] The Gates Millennium Scholars program has been criticized for its exclusion of Caucasian students.^[81][82]

Gates's wife urged people to learn a lesson from the philanthropic efforts of the Salwen family, which had sold its home and given away half of its value, as detailed in The Power of Half.^[83] Gates and his wife invited Joan Salwen to Seattle to speak about what the family had done, and on December 9, 2010, Gates, investor Warren Buffett, and Mark Zuckerberg (Facebook's CEO) signed a promise they called the "Gates-Buffet Giving Pledge", in which they promised to donate to charity at least half of their wealth over the course of time.^[84][85][86]

Recognition[link]

In 1987, Gates was officially declared a billionaire in the pages of Forbes' 400 Richest People in America issue, just days before his 32nd birthday. As the world's youngest self-made billionaire, he was worth $1.25 billion, over $900 million more than he'd been worth the year before, when he'd debuted on the list.^[87]

Bill Gates and Steve Jobs at the fifth D: All Things Digital conference (D5) in 2007

Time magazine named Gates one of the 100 people who most influenced the 20th century, as well as one of the 100 most influential people of 2004, 2005, and 2006. Time also collectively named Gates, his wife Melinda and U2's lead singer Bono as the 2005 Persons of the Year for their humanitarian efforts.^[88] In 2006, he was voted eighth in the list of "Heroes of our time".^[89] Gates was listed in the Sunday Times power list in 1999, named CEO of the year by Chief Executive Officers magazine in 1994, ranked number one in the "Top 50 Cyber Elite" by Time in 1998, ranked number two in the Upside Elite 100 in 1999 and was included in The Guardian as one of the "Top 100 influential people in media" in 2001.^[90]

In 1994, he was honoured as the twentieth Distinguished Fellow of the British Computer Society. Gates has received honorary doctorates from Nyenrode Business Universiteit, Breukelen, The Netherlands, in 2000;^[91] the Royal Institute of Technology, Stockholm, Sweden, in 2002; invited in 2003 to deliver the keynote address^[92] of the Golden Jubilee of the Indian Institute of Technology,held in San Jose, California;^[93] Waseda University, Tokyo, Japan, in 2005; Tsinghua University, Beijing, China, in April 2007;^[94] Harvard University in June 2007;^[95] the Karolinska Institutet, Stockholm, in January 2008,^[96] and Cambridge University in June 2009.^[97] He was also made an honorary trustee of Peking University in 2007.^[98] Gates was also made an honorary Knight Commander of the Order of the British Empire (KBE) by Queen Elizabeth II in 2005,^[99] in addition to having entomologists name the Bill Gates flower fly, Eristalis gatesi, in his honor.^[100]

In November 2006, he and his wife were awarded the Order of the Aztec Eagle for their philanthropic work around the world in the areas of health and education, particularly in Mexico, and specifically in the program "Un país de lectores".^[101] In October 2009, it was announced that Gates will be awarded the 2010 Bower Award for Business Leadership of The Franklin Institute for his achievements in business and for his philanthropic work. In 2010 he was honored with the Silver Buffalo Award by the Boy Scouts of America, its highest award for adults, for his service to youth.^[102]

In 2011, Bill Gates was ranked as the fifth most powerful person in the world, according to rankings by Forbes magazine.^[103]

Investments[link]

• Cascade Investments LLC, a private investment and holding company, incorporated in United States, is controlled by Bill Gates, and is headquartered in the city of Kirkland, Washington.
• bgC3, a new think-tank company founded by Bill Gates.
• Corbis, a digital image licensing and rights services company.
• TerraPower, a nuclear reactor design company.

Books and films[link]

To date, Bill Gates has authored two books. The Road Ahead, written with Microsoft executive Nathan Myhrvold and journalist Peter Rinearson, was published in November 1995, and it summarized the implications of the personal computing revolution and described a future profoundly changed by the arrival of a global information superhighway. Business @ the Speed of Thought was published in 1999, and discusses how business and technology are integrated, and shows how digital infrastructures and information networks can help getting an edge on the competition.

Gates has appeared in a number of documentaries, including the 2010 documentary film Waiting for "Superman",^[104] and the BBC documentary series The Virtual Revolution.

Gates was prominently featured in Pirates of Silicon Valley, a 1999 film which chronicles the rise of Apple and Microsoft from the early 1970s to 1997. He was portrayed by Anthony Michael Hall.

See also[link]

	Biography portal
	Microsoft portal

• List of billionaires (also see List of college dropout billionaires and List of wealthiest non-inflated historical figures)
• Paul Allen – Microsoft's co-founder, friend, and fellow billionaire
• Gary Kildall (October 25, 2004). "The Man Who Could Have Been Bill Gates". Bloomberg BusinessWeek. http://www.businessweek.com/magazine/content/04_43/b3905109_mz063.htm. Retrieved June 9, 2010. 

Books[link]

• Fridson, Martin (2001). How to Be a Billionaire: Proven Strategies from the Titans of Wealth. John Wiley & Sons. ISBN 0-471-41617-7. 
• Gates, Bill (1996). The Road Ahead. Penguin Books. ISBN 0-14-026040-4. 
• Lesinski, Jeanne M. (2006). Bill Gates (Biography (a & E)). A&E Television Networks. ISBN 0-8225-7027-0. 
• Manes, Stephen (1994). Gates: How Microsoft's Mogul Reinvented an Industry and Made Himself The Richest Man in America. Touchstone Pictures. ISBN 0-671-88074-8. 
• Wallace, James (1993). Hard Drive: Bill Gates and the Making of the Microsoft Empire. New York: HarperCollins Publishers. ISBN 0-471-56886-4. 

References[link]

Further reading[link]

• "The Meaning of Bill Gates: As his reign at Microsoft comes to an end, so does the era he dominated", The Economist, June 28, 2008.
• Rivlin, Gary (1999). The plot to get Bill Gates: an irreverent investigation of the world's richest man...and the people who hate him. New York: Times Business. ISBN 0-8129-3006-1. 
• "83 Reasons Why Bill Gates's Reign Is Over". Wired (Wired) 6 (12). December 1998. http://www.wired.com/wired/archive/6.12/microsoft.html. 
• Bank, David (2001). Breaking Windows: how Bill Gates fumbled the future of Microsoft. New York: Free Press. ISBN 0-7432-0315-1. 

External links[link]

Find more about Bill Gates on Wikipedia's sister projects:
	Definitions and translations from Wiktionary
	Images and media from Commons
	Learning resources from Wikiversity
	News stories from Wikinews
	Quotations from Wikiquote
	Source texts from Wikisource
	Textbooks from Wikibooks

• Official website
• Bill & Melinda Gates Foundation
• Profile at Microsoft
• Profile at Forbes
• Appearances on C-SPAN
• Bill Gates on Charlie Rose
• Bill Gates at TED Conferences
• Bill Gates at the Internet Movie Database
• Bill Gates collected news and commentary at The Guardian
• Bill Gates collected news and commentary at The New York Times
• Bill Gates collected news and commentary at The Wall Street Journal
• Bill Gates collected news and commentary at Bloomberg News
• Works by or about Bill Gates in libraries (WorldCat catalog)
• Works by Bill Gates on Open Library at the Internet Archive
• Bill Gates at the Notable Names Database
• How I Work: Bill Gates, Fortune, March 30, 2006
• The Forbes 400

v t e Berkshire Hathaway Corporate directors Warren Buffett (Chairman and CEO) · Charlie Munger · Howard Graham Buffett · Susan Decker · Bill Gates · David Gottesman · Charlotte Guyman · Donald Keough · Thomas S. Murphy · Ronald Olson · Walter Scott, Jr. Insurance Applied Underwriters · Berkshire Hathaway Homestate Companies · Berkshire Hathaway Assurance · Boat America · Central States Indemnity · Gateway Underwriters Agency · GEICO · Gen Re · Kansas Bankers Surety Company · Medical Protective · National Indemnity Company · United States Liability Insurance Group  · Wesco Financial Materials and Construction Acme Brick · Benjamin Moore & Co. · Clayton Homes · International Metalworking Companies · Johns Manville · Lubrizol · Marmon · MiTek · Mouser Electronics · Precision Steel Warehouse · Shaw Industries · TTI Furniture CORT Business Services · Jordan's Furniture · Larson-Juhl · Nebraska Furniture Mart · RC Willey Home Furnishings · Star Furniture Apparel Fruit of the Loom (Russell) · Garanimals · Fechheimer Brothers · H.H. Brown Shoe Group · Justin Brands Transportation Burlington Northern Santa Fe Corporation · NetJets · NetJets Europe · FlightSafety International · Forest River · Marquis Jet · McLane · XTRA Lease Food CTB International · Dairy Queen · Orange Julius · Karmelkorn · The Pampered Chef · See's Candies Media The Buffalo News · Business Wire · Omaha World-Herald (Council Bluffs Nonpareil · Grand Island Independent · Kearney Hub · North Platte Telegraph · Star-Herald · York News-Times) Jewelry Ben Bridge Jeweler · Borsheim's Fine Jewelry · Helzberg Diamonds · Richline Group Scott Fetzer Kirby · World Book · Campbell Hausfeld MidAmerican Energy Holdings Company MidAmerican Energy Company · PacifiCorp · Northern Powergrid · CalEnergy Generation · Kern River Gas Transmission Company · Northern Natural Gas · HomeServices of America Related articles Blue Chip Stamps · Owned assets Annual Revenue: US$118.249 billion  · Employees: 233,000 · Stock Symbol: NYSE: BRKA, NYSE: BRKB · Web site: berkshirehathaway.com Category