Bill Gates has an estimated net worth of $110 billion.
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On Friday, Bill Gates regained the title of the richest person in the world from Jeff Bezos, according to the Bloomberg Billionaires Index.Gates’ net worth is $110 billion.In July, Gates was temporarily ranked as the world’s third-richest person behind Jeff Bezos and LVMH’s Bernard Arnault for the first time in at least seven years, according to the Bloomberg Billionaires Index.While Gates indulges in a few luxuries, they make up only a fraction of his fortune.He mainly spends his billions on charity through the Bill and Melinda Gates Foundation, and plans to give away most of his fortune.Visit Business Insider’s homepage for more stories.Bill Gates is once again the world’s richest person.On Friday, Gates overtook fellow centibillionaire Jeff Bezos on Bloomberg’s Billionaires Index. The news came after Microsoft beat out Amazon for a $10 billion cloud-computing contract from the Pentagon, spiking Microsoft’s shares and sinking Amazon’s, Bloomberg’s Tom Metcalf reported.Gates, 64, has a net worth of $110 billion and he knows how to make the most of it. While he has some indulgences — like a Washington estate worth $125 million, a private airplane, and a luxury-car collection — they make up only a fraction of his massive fortune.In fact, Gates and his wife, Melinda, previously said it’s unfair they’re so rich. Instead of spending billions on themselves, they often donate it to charity through the Bill and Melinda Gates Foundation. They’ve also pledged to give away most of their fortune through the Giving Pledge, which they launched in 2010.Keep reading for a look at how Gates spends his billions.
Bill Gates, the cofounder of Microsoft, has an estimated net worth of $110 billion, making him the world’s richest person.
Chip Somodevilla/Getty Images
Source: Bloomberg
He’s roughly $10.5 billion richer than he was one year ago and $25 billion richer than he was five years ago.
AP Photo/Jose Luis Magana
Source: Business Insider
His net worth puts him in a three-man club of people worth more than $100 billion along with Jeff Bezos and French businessman Bernard Arnault.
CBS Photo Archive/Getty Images
Source: Business Insider
If he spent $1 million a day, it would take him more than 245 years to spend his fortune. Here’s how he spends his money.
YURI GRIPAS/Reuters
Source: Business Insider
Gates has invested in a variety of stocks and assets and launched a $1 billion investment fund, Breakthrough Energy, with 20 others.
Jamie McCarthy/Getty Images for Bill & Melinda Gates Foundation)
Source: Forbes
Despite his massive fortune, Gates previously told Ellen DeGeneres that when he became a billionaire at age 31 (history’s youngest billionaire at the time), he didn’t go on a spending spree.
Bill Gates on “Ellen.”
NBC
Source: Business Insider
But he has indulged in things over time, he said, like a private plane.
Scott Olson/Getty Images
Source: Business Insider
It’s been reported that Gates owns a Bombardier BD-700 Global Express, which costs $40 million and can seat up to 19 people.
Not Bill Gates’ personal plane.
Wikipedia
Source: Business Insider
Gates also spent a lot on his estate, Xanadu 2.0, in Medina, Washington. It took him seven years and $63 million to build. He purchased the lot for $2 million in 1988.
Reuters
Source: Business Insider
At 66,000 square feet, his home is worth about $125 million today.
Dan Callister / Getty Images
Source: Business Insider
In 2017, he paid $1,041,292.55 in property taxes on it, according to public filings.
AP Photo/Ted S. Warren, Pool
Source: Business Insider
The estate has a trampoline room, which Gates told DeGeneres his three kids love.
Shutterstock Rex for EEM
Source: Business Insider
There’s roughly $80,000 worth of computer screens sitting around the house.
Lucas Jackson/AP Images
Source: Business Insider
Devices worth $150,000 can display different paintings or photographs on the screens at a single touch.
WorldEconomicForum/Wikimedia Commons, GoogleCulturalInstitute/Wikimedia Commons
Source: Business Insider
Gates reportedly pays to have sand imported from St. Lucia in the Caribbean to the shore surrounding his house.
Shutterstock/Jackie Smithson
Source: Business Insider
In addition to a home theater for 20 guests, six kitchens, and 24 bathrooms, Gates’ house has various garages for 23 cars.
Google Maps
Source: Business Insider
It’s perfect for Gates, an avid luxury-car collector. His first big splurge after founding Microsoft was a Porsche 911 supercar, he told DeGeneres. He later sold it, and it was auctioned for $80,000.
H&H Classics
Source: Business Insider
But that wasn’t Gates’ last Porsche. He also has a Porsche 959 in his car collection.
Not Gates’ personal car.
Wikimedia Commons
Source: Business Insider
He reportedly dropped $27 million to buy a whole string of properties in the area.
Knumina Studios/Shutterstock
Source: Business Insider
The area is hotspot for wealthy equestrians. His daughter Jennifer is an accomplished equestrian, and he bought the property to support her passion.
Nati Harnik/AP Images
Source: Business Insider
He also reportedly purchased a 492-acre Wyoming ranch, which listed for $8.9 million back in 2009.
LEOCHEN66/Shutterstock
Source: Business Insider
But Gates’ real-estate portfolio doesn’t end there.
Scott Olson / Getty Images
When he’s not busy buying real estate or working, Gates needs a vacation or two to unwind.
Bill Gates/Facebook
Gates hates to shop for himself, but did admit that he likes to “buy nice things” for his wife, Melinda.
Justin Sullivan/Getty Images
Source: CNBC
However, he once told Reddit that he doesn’t like overspending on clothes and jewelry.
Afolabi Sotunde / Reuters
Source: CNBC
But Gates’ splurges are only a fraction of his massive fortune. He previously told The Telegraph, “I have no use for money.” Instead, he often donates to or invests his money in good causes.
John Lamparski/Getty Images
Source: The Telegraph
Gates previously invested in Amyris, a synthetic-biology company that originally produced precursors to malaria drugs and hydrocarbon-based biofuel. Today, it focuses on health through fragrances, skincare, and sweetener.
Yana Paskova/Getty Images
Source: Business Insider
In November 2017, Gates invested $50 million into Alzheimer’s research.
Yana Paskova/Getty Images
Source: Business Insider
He continued these efforts by recently investing $30 million with a group of investors into the Diagnostics Accelerator, a “venture philanthropy” fund to diagnose Alzheimer’s earlier.
REUTERS/Brendan McDermid
Source: Business Insider
Gates and Melinda are huge on philanthropy. They were recently named the most generous philanthropists in the US by The Chronicle of Philanthropy, having donated more than $36 billion to charitable causes through the Bill and Melinda Gates Foundation.
Jamie McCarthy/Getty Images
Source: Business Insider
They’ve pledged about $2 billion to defeat malaria, donated more than $50 million to fight Ebola, and pledged $38 million to a Japanese pharmaceutical company working to create a low-cost polio vaccine.
Bill Gates/Facebook
Source: Business Insider
The Gates Foundation has also committed at least $2.5 billion to the GAVI Alliance, which works to improve access to vaccines in poor countries.
Bill Gates/Facebook
Source: Business Insider
Bill and Melinda also prioritize education. The Gates Foundation established the Gates Millennium Scholars Program, which has received $1.6 billion.
Justin Sullivan/Getty Images
Source: Business Insider
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