Traditional Culture Encyclopedia - Photography and portraiture - Gates made a cake to celebrate Buffett’s 90th birthday. What are their backgrounds?
Gates made a cake to celebrate Buffett’s 90th birthday. What are their backgrounds?
Bill Gates (1955----), one of the founders of Microsoft, former chairman and chief software architect of Microsoft. Bill Gates is the chairman and chief software architect of Microsoft. Microsoft Corporation is a global leader in personal and business computing software, services, and Internet technologies. In the last fiscal year ended in June 2002, Microsoft's revenue reached 28.37 billion U.S. dollars, it operates in 78 countries and regions, and has more than 51,500 employees worldwide.
While at Harvard, Gates developed a version of the BASIC programming language for the MITS Altair, the first microcomputer. During his junior year of college, Gates left Harvard and devoted all his energy to Microsoft, which he founded in 1975 with his childhood friend Paul Allen.
Guided by the belief that computers would become the most important tool in every home and every office, they began developing software for personal computers. Gates' vision and his foresight in the personal computer became key to the success of Microsoft and the software industry.
Under Gates' leadership, Microsoft continues to develop and improve software technology to make software easier to use, more cost-effective and more fun. The company is committed to long-term growth, as evidenced by its current annual research and development funding of more than $5 billion.
In addition to his love for computers and software, Gates is also very interested in biotechnology. He serves on the board of directors of ICOS, a company focused on protein-based and small molecule therapeutics. He is also an investor in many other biotech companies.
Gates also founded Corbis, which is researching and developing one of the world's largest visual information resources - a comprehensive digital archive of art and photography from public and private collections around the world.
In addition, Gates also invested in Teledesic with mobile phone pioneer Craig McCaw. This is an ambitious plan to use hundreds of low-orbit satellites to provide two-way broadband telecommunications services covering the entire world. ?
For Gates, philanthropy is also very important. He and his wife Melinda have donated US$3.46 billion to establish a fund to support philanthropic causes in the fields of global medical health and education, hoping that as mankind enters the 21st century, scientific and technological advances in these key areas will benefit all mankind. As of today, the foundation established by Gates and his wife Melinda Gates has invested US$1.73 billion in global health causes and more than US$900 million in improving people's learning conditions, including the purchase of computers for the Gates Library. equipment, provides Internet training and Internet access services to public libraries in low-income communities across the United States and Canada. In addition, more than $260 million will be spent on community projects in the Pacific Northwest, and more than $380 million will be spent on special projects and annual gift distribution activities.
Buffett: In 1957, Buffett established the non-binding Buffett Investment Club, with funds under management reaching US$300,000, which rose to US$500,000 by the end of the year.
In 1962, the capital of Buffett Partners reached US$7.2 million, of which 1 million belonged to Buffett personally. At that time, he merged several partnership companies into one "Buffett Partners". The minimum investment amount is expanded to $100,000. The situation is a bit like private equity funds or private investment companies in China.
In 1964, Buffett's personal wealth reached US$4 million, and at this time the funds under his control had reached US$22 million.
In October 1967, the funds under Buffett’s control reached US$65 million.
In 1968, Buffett's stock achieved its best performance in history: an increase of 46%, while the Dow Jones Index only increased 9%. The funds under Buffett's control rose to US$104 million, of which US$25 million belonged to Buffett.
In May 1968, when the stock market was booming, Buffett informed his partners that he was retiring. He then gradually liquidated nearly all of Buffett Partners' stock.
In March 2000, Buffett became the honorary president of the RCA Association of Certified Analysts.
Since 2000, Buffett has raised funds for the GLIDE Foundation through online auctions. The base price starts at $50,000 for a chance to have dinner with Mr. Buffett.
In June 2006, Buffett announced a plan to donate about 10 million shares of Berkshire Hathaway B shares to the Bill and Melinda Gates Foundation. This is The largest charitable donation ever made in the United States.
On the evening of March 1, 2007, Berkshire Hathaway, the flagship investment company under stock god Warren Buffett, announced its fiscal year 2006 results. Data show that thanks to the hurricane, the company's main insurance business has made a lot of profits. Berkshire's profits increased by 29.2% in 2006, with profits reaching US$11.02 billion (higher than US$8.53 billion in the same period in 2005) ); earnings per share were US$7,144 (US$5,338 in 2005).
In the 42 years from 1965 to 2006, the average annual growth rate of Berkshire’s net assets reached 21.46%, with a cumulative growth of 361,156%; during the same period, the average annual growth rate of the S&P 500 index companies was 10.4 %, with a cumulative growth rate of 6479%.
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