Bill Gates, one of the wealthiest individuals on the planet, has amassed an astounding net worth of $153 billion. However, the Microsoft co-founder has made it clear that he doesn’t intend to keep this fortune forever.
Currently ranked as the fifth-richest person in the world, Gates has expressed a desire to redistribute his wealth. In 2022, he announced his intention to donate most of his net worth to his philanthropic foundation, a decision that would significantly lower his standing on the list of the world’s richest people. Notably, his three children are set to inherit only a small portion of his fortune.
A Life of Extravagance
Despite his philanthropic focus, Gates has indulged in some luxurious purchases over the years. One of his most notable acquisitions is his Washington-based estate, known as Xanadu 2.0, which occupies a 12-parcel land valued at $183.5 million. Constructing this tech-filled mansion reportedly took seven years and cost $63 million.
Xanadu 2.0 boasts six kitchens, 24 bathrooms, a home theater capable of seating 20 people, a sprawling library, and garages that can accommodate up to 23 cars. The property also features a 60-foot swimming pool housed in its own separate building, complete with an underwater sound system. In a particularly opulent touch, Gates imported sand from St. Lucia in the Caribbean to create a pristine shoreline around the property.
The mansion is outfitted with digital display screens capable of showcasing a variety of artworks and photographs. Gates has also adorned Xanadu 2.0 with genuine art pieces, including a Winslow Homer painting valued at $36 million and a 16th-century Leonardo da Vinci manuscript, which he purchased at auction in 1994 for $30 million.
An Impressive Real Estate Portfolio
Gates’ real estate ventures extend far beyond Xanadu 2.0. He owns a $35 million estate in Wellington, Florida, an $18 million 228-acre horse ranch in Rancho Paseana, California, and a $43 million oceanfront property in Del Mar, California. Additionally, he owns a six-bedroom home within Indian Wells’ prestigious Vintage Club.
Beyond residential properties, Gates has diversified into the hospitality industry. He holds a 71.25% stake in the Four Seasons hotel chain and has partnered with other investors to purchase the Ritz-Carlton in San Francisco for $161 million. His investments also include a significant stake in Bud Light’s parent company, acquired for $95 million.
Passion for Automobiles
Gates has long been a car enthusiast. Early in his career, he purchased a Porsche 911 in 1979, and over the years, he has added several luxury vehicles to his collection. His garage now houses a range of high-end cars befitting a billionaire’s lifestyle.
Philanthropy at the Core
While Gates has spent lavishly, his philanthropic efforts are a central aspect of his legacy. Alongside his ex-wife, Melinda Gates, he has funneled billions into health and research initiatives. Their contributions include $5 million toward Alzheimer’s research, $2 billion to combat malaria, and $50 million to address the Ebola epidemic.
Looking to the future, Gates has made his intentions for his fortune clear. His three children will receive $10 million each, which he considers sufficient to support them without creating dependency on immense wealth. The vast majority of his $153 billion fortune will be directed to the Bill & Melinda Gates Foundation, ensuring its continued impact on global health and education initiatives.
In Gates’ own words, his ultimate goal is to move “eventually off” the list of the world’s richest individuals, leaving behind a legacy defined by generosity and vision.