When Microsoft went unligated in March 1986, Bill Gates and Paul Allen became millionaires. Although Allen has left the company for years due to health problems, Gates later rose to become CEO and is known as one of the richest people in the United States.
Gates once sold shares and produced US $ 1.6 million and 45% of the shares he got earned a market value of US $ 350 million.
Bill Gates became the young CEO who celebrated his new wealth by making a wise decision by paying his mortgage worth US $ 150,000 to Fortune.
Financial expert Kevin O’Leary and Suze Orman revealed that what Bill Gates did was a smart move. Both encourage everyone to pay off debts, including mortgages as quickly as possible. According to him there is no incentive to remain in debt. In life it is unpredictable what happens if someone is fired or I have to spend unexpected expenses.
Although Gates has become a successful person, but there is no guarantee at that time. Paying a mortgage is more practical than some of the previous gates’ decisions.
In 1079 when he started making a lot of money from Microsoft, Gates bought a luxury car, the Porsche 911 supercar. He bought a used car but for him it was a luxury car.
Bill Gates’s wealth continued to increase after the Microsoft IPO and he became a billionaire in 1987 at the age of 31 years. At that time, Gates was the youngest person to ever reach a new milestone.
In 1995 wealth grew to US $ 12.9 billion, making it the richest person in the world at 39 years old. Currently Bill Gates has a wealth of around US $ 95 billion. Gates is the second richest person in the world, behind Amazon founder Jeff Bezos.