Bill Gate’s House
1835 73rd Ave NE, Medina, WA 98039
William Henry “Bill” Gates III (born October 28, 1955) is the co-founder, chairman, former chief software architect, and former CEO of Microsoft Corporation. He is also the founder of Corbis, a digital image archiving company. The Forbes international rich list has ranked him as the world’s richest person for the last twelve years straight. In 1999, Gates’ wealth briefly surpassed $100 billion making him America’s first centibillionaire. According to the Forbes 2004 magazine, Bill Gates’s net worth was approximately $46.6 billion. When family wealth is considered, his family ranks second behind the Walton family.
Gates is one of the best-known entrepreneurs of the personal computer revolution. He is widely respected for his foresight and ambition.He is also frequently criticized as having built Microsoft through unfair or unlawful business practices. Since amassing his fortune, Gates has pursued a number of philanthropic endeavors, donating large amounts of money (about 52% of his total fortune) to various charitable organizations and scientific research programs through the Bill & Melinda Gates Foundation, founded in 2000. In June 2006 he announced that he would move to a part-time role with Microsoft (namely surrendering the power of managing day-to-day operations) in 2008 to begin a career in philanthropy, but will remain as chairman.
Bill Gates, his wife Melinda and U2’s lead singer Bono were collectively named by Time as the 2005 Persons of the Year for their humanitarian efforts. That same year he was made an honorary Knight Commander of the Order of the British Empire by Queen Elizabeth II. In 2006, Gates Foundation was awarded the Premio PrÃncipe de Asturias en Cooperación Internacional. In a list compiled by the magazine New Statesman in 2006, he was voted eighth in the list of “Heroes of our time”.
About Bill’s House
The Gates home is a modern design in the “Pacific lodge” style, with classic features such as a large private library with a domed reading room. The house occupies 50,000 square feet (4,600 m2) on a 5.15 acre (2.1 ha) lot. Garage space and outbuildings may occupy an additional 16,000 square feet. Property records indicate eight bedrooms and four building levels. According to King County public records, as of 2005, the total assessed value of the property (land and house) is $125 million, and the annual property tax is $990,000 (Zillow.com).
The lot was purchased in December 1988 for $2 million, and construction occurred over a period of seven years with nominal completion in 1995. The address is 1835 73rd Ave NE, Medina, WA 98039
Gates often entertains the rich and powerful at his home. Once when Bill Gates had a private party at the house, the U.S. Department of Homeland Security announced a “temporary security zone” around Gates’ Lake Washington home which locked down all of Lake Washington south of the Highway 520 bridge and stayed in effect for two days.
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