Bill Gates could become the world’s first trillionaire

In our lifetimes, we could see the first trillionaire. And, most likely, that first trillionaire would be Microsoft (NASDAQ: MSFT) co-founder Bill Gates .

That’s according to research by Oxfam, an international network of organizations collectively working to alleviate global poverty. Its recently published report finds that eight billionaires from around the globe have as much money as the 3.6 billion people who make up the poorest half of the world’s population .

The report also finds that, given the exponential growth of existing wealth, the world could have its first trillionaire in the next 25 years, when Gates would be 86.

When Gates left Microsoft in 2006, his net worth was $50 billion, according to Oxfam. By 2016, his wealth had increased to $75 billion, “despite his commendable attempts to give it away through his Foundation,” the report says.

In addition to the charitable work Gates does through his personal foundation, he is one of the founding members of The Giving Pledge, a commitment from some of the richest individuals in the world to give away more than half of their worth.

For the hypothetical analysis, Oxfam researchers apply the rate of growth he has been enjoying, 11 percent per year since 2009, to Gates’ current levels of wealth (over $84 billion, according to Forbes). If his investments keep doing as well as they have been, the 61-year-old Gates could indeed become the world’s first trillionaire.

“In such an environment, if you are already rich, you have to try hard not to keep getting a lot richer,” Oxfam notes.

Source: Yahoo News

Why I Rejected Bill Gates’ Job Offer – Nigerian Young Entrepreneur, Chris Kwekowe

Chris Kwekowe, a young Nigerian entrepreneur reportedly turn down a job offer be a software engineer at Microsoft, owned by the richest man in the world, Bill Gates to begin his own start-up in Lagos.

The twenty-three years old Lagos university graduate proudly revealed this to Bill Gates during a television interview for Africa’s brightest young entrepreneurs in August 2016.

He said he did so to build up his own website called Slatecube– a website aimed at curbing Nigeria`s unemployment problem.

“When I told him, Gates was intrigued and he smiled. After the programme, all the directors were like, ‘Dude, you mean you actually turned down a job at Microsoft and had the guts to tell Bill Gates?’”

According to reports, a survey of 90,000 young Nigerians which was done in January 2016 discovered that 45% of college graduates didn’t have jobs with key reason on lack of professional skills such as: critical thinking, entrepreneurship, and decision-making.

He noted that Slatecube seeks to solve that problem by nurturing the graduates through digital internships and so far, Slatecube has an 80% employment rate for its users.

World Must Work Together To Ensure Africa’s Youths Devt- Bill Gates

Bill Gates has announced that Africa’s future is rested in the hands of its youth, therefore, every effort must be made to ensure they thrive.

Delivering the 2016 Nelson Mandela Annual Lecture at the University of Pretoria, South Africa, Gates said he was optimistic about the future of the continent “because of its young people.”

Pointing out that Africa was demographically the world’s youngest continent, in the next 35 years, it is estimated that two billion babies will be born in Africa and by 2050, 40 per cent of the world’s children will live in Africa, adding that he believes Africa’s youth “can be the source of a special dynamism.

“Economists talk about the demographic dividend. When you have more people of working age, and fewer dependents for them to take care of, you can generate phenomenal economic growth. Rapid economic growth in East Asia in the 1970s and 1980s was partly driven by the large number of young people moving into their work force

“But for me, the most important thing about young people is the way their minds work. Young people are better than old people at driving innovation, because they are not locked in by the limits of the past. The real returns will come if we can multiply this talent for innovation by the whole of Africa’s growing youth population,” he said.

Gates used the platform of the 14th Nelson Mandela Annual Lecture-the Nelson Mandela Foundation’s flagship programme to honour its founder, Nelson Mandela, and to raise topical issues affecting South Africa, Africa and the rest of the world-to lay out his vision of how to create a better world. The theme of his speech was ‘Living Together’.

The Microsoft founder said he had admired Mandela, whom he had met on many occasions. He said “One topic that Mandela came back to over and over again was the power of youth.

“He knew what he was talking about, because he started his career as a member of the African National Congress (ANC) Youth League when he was young. Later on, he understood that highlighting the oppression of young people was a powerful way to explain why things must change. There is a universal appeal to the conviction that youth deserve a chance. I agree with Mandela about young people, and that is one reason I am optimistic about the future of this continent.

“But to exploit Africa’s potential, its young people need to be given every opportunity to thrive.
“We are the human beings who must take action, and we have to decide now, because this unique moment won’t last forever. We must clear away the obstacles that are standing in young people’s way so they can seize all of their potential.”

Gates added: “If young people are sick and malnourished, their bodies and their brains will never fully develop. If they are not educated well, their minds will lie dormant. If they do not have access to economic opportunities, they will not be able to achieve their goals.

“But if we invest in the right things – if we make sure the basic needs of Africa’s young people are taken care of – then they will have the physical, cognitive, and emotional resources they need to change the future. Life on this continent will improve faster than it ever has. And the inequities that have kept people apart will be erased by broad-based progress that is the very meaning of the words: “living together.”

Credit: Thisday

See Bill Gates’ Epic Response To Beyonce’s Formation

Beyonce’s newest hit ‘Formation” has inspired all kinds of reactions, debates and opinion pieces. It seems like everyone has something to say about Bey’s politically-charged new single. The only one who appears to be tardy to the party is billionaire Bill Gates.

In the song, Beyonce name drops Gates when she says “You just might be a black Bill Gates in the making.” and it turns out the 60 year old had no idea his name was mentioned in the most talked about song by the world’s most popular entertainer.

When asked how he felt about it, his response was super underwhelming, humbling, but underwhelming none the less.

“I said, ‘Are you serious? This is kind of a strange set of words here. I’m surprised, ‘”Gates, who obviously doesn’t have Beyonce alerts set up, found out about the shoutout through a coworker. “I guess it’s nice that people consider me successful.”

Really? The humble brag? Okay, Bill. Despite his response, Gates proved he may not have known about Beyonce new song, but he does know how to dab.

Credit: Yahoo

Bill Gates, Aliko Dangote In Kaduna State To Sign MoU With Northern Governors (PHOTOS)

Bill Gates, Aliko Dangote In Kaduna State To Sign MoU With Northern Governors Billionaire entrepreneurs, Bill Gates and Aliko Dangote are in Kaduna to sign the Memorandum of Understanding, MoU on routine immunization with the governors of six states.

The governors of Borno, Bauchi, Yobe, Sokoto and Kano are also in Kaduna, along with the Sultan of Sokoto and the Emir of Kano.

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Credit: NationalMirror

Bill Gates Dethroned As World’s Richest Man

The world’s richest person is not Bill Gates anymore. Spanish industrialist Amancio Ortega has just gone past Microsoft founder Bill Gates to become the richest person.

The new list of Forbes’ real-time tracker has published a new list which shows the multi-billionaire founder of European clothes retailer Zara going above Bill Gates to become the wealthiest person on the planet, with a fortune of $79.8 billion (€71.83 billion or £51.84 billion).

Source: Forbes

South African Billionaire Does The Unthinkable, Donates Half Of His Wealth To The Poor

Does it seem likely that a billionaire would promise to give away half his wealth for a worthy cause? As unlikely as that might sound, that is what South Africa’s only black billionaire Patrice Motsepe has pledged to do. Motsepe who has a net worth of $2.65 billion, has pledged to donate half his fortune to help the poor people in his country

Who is the man Patrice Motsepe?

Born in the Johannesburg township of Soweto in South Africa, Motsepe learned to be hardworking from childhood. His work ethic was instilled in him with the help of his father who made him work at his family’s convenience store at an early age. A lawyer by training, Motsepe acquired most of his wealth from the mining conglomerate African Rainbow Minerals which he founded in 1997. The publicly-traded company that specializes in the mining of several valuable minerals, including platinum and gold, was established at a time when the market for gold was closest to its three-decade low level.

Motsepe, who Celebrity Net Worth describes as a “literal prince” of the Tswana Tribe, is one of seven billionaires in South Africa and the country’s only black billionaire. He is the owner of the Pretoria based soccer club Mamelodi Sundowns.

Giving to the Poor

Drawing inspiration from people like Microsoft founder Bill Gates and business magnate Warren Buffett, Motsepe decided to give half of his tremendous wealth to the aid of the underprivileged. According to him, the plan had been there for a while to give half his wealth to the disadvantaged and marginalized people in the country, but he was working to tie up all the loose ends to ensure the mission is not derailed along the way.

The money would be channeled through the Motsepe Foundation to help address health and educational issues confronting the poor. According to BBC News, the black billionaire said his charitable gesture was also influenced by the spirit of “Ubuntu,” an African belief system which translates into “I am because you are.”

Motsepe is also one of more than 70 billionaires, including Gates and Buffett, who have joined The Giving Pledge. The campaign aims to bring notable and wealthy figures around the world together to contribute part of their wealth toward assisting underprivileged people. Gates, who started The Giving Pledge with Buffett in 2010, has commended Motsepe for his generous deed toward the less fortunate.

Source: financialjuneteenth

I Am Richer Than Bill Gates- Pastor Adeboye

Apparently referring to his spiritual endowment, the general overseer of the Redeemed Christian Church of God (RCCG), Pastor Enoch Adejare Adeboye, has said that he is richer than one of the world’s richest men, Bill Gates.

Teaching the worshippers in the mission during the church’s 63rd Annual Convention on Saturday shortly before the Holy Communion Service on the topic; “Overflowing Cup,” Pastor Adeboye said that if Bill Gates needs shoes, he would have to go to the market to buy them, but that if he should announce that he needs shoes at the Redemption Camp, where the convention took place, the auditorium might not contain the shoes people would donate to him.

“I have houses in at least 188 countries of the world, where we have our churches, so I am richer than Bill Gates. Each time I visit these countries, my children would be struggling and saying ‘daddy, come and stay with me.’

“ If I announce here that tomorrow morning, I need a car to travel to the new auditorium, how many cars do you think would be made available to me by you my children? Those of you that do not have a car of your own, very soon, God will give you your own cars. So, I am appealing to you to become an incurable soul winner before you leave this convention ground and your cup will overflow,” he said.

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