Bill Gates is one of the most well-known names in American history, as the business magnate, software developer, investor, and philanthropist is one of the wealthiest people worldwide. It’s been a long time since Gates co-founded Microsoft, so how much does he make in a day now?
Bill Gates made nearly 11 million dollars a day from 2017 to 2018, and around 33 million dollars a day between 2018 and 2019. Since Gates’s net worth keeps going up, the amount of money he makes a day is increasing.
Read on below to find out more about Bill Gates’s finance breakdown, as well as what he does with all of his money.
Bill Gates’s Net Worth
Bill Gates is now the second wealthiest person in the world with a net worth of 112 billion dollars as of July in 2020, an increase of over 6 billion dollars, and the year isn’t over yet. His net worth has been steadily rising over the past years, from 86 billion dollars in 2017 to 90 billion in 2018 and 106 billion dollars in 2019.
Between 2018 and 2019, his net worth increased by 16 billion dollars, while it had increased by 4 billion dollars between 2017 and 2018. That’s why Gates was making three to four times as much he did a day during 2018 than he did during 2017.
The full breakdown of the past full year is that his wealth increased by 16 billion dollars. That’s 32,800,000 dollars a day, 1,370,000 dollars an hour, 22,800 dollars a minute, and about 380 dollars a second.
In contrast, the numbers from 2017 to 2018 were much lower, with a rise of 4 billion dollars. TheStreet did an analysis of that year, finding that Gates made $10,959,000 a day, $456,625 an hour, $7,610 a minute, and $127 a second.
Since he made $380 per second in 2018, it would not be worth his time to stop and pick up a 100 dollar bill lying on the ground. Not only that but if Gates were to give every single person in the world $10, he would still have $30 billion left over.
As one Twitter user quoted from a post on Reddit, “If you were to somehow make a million dollars a day it would take you around 220 years to catch up to where Bill Gates is now.” That was posted in 2015, so the number of years it would take now is even higher.
Emphasis on Philanthropy
In 2018, Bill and Melinda Gates posted on Twitter with a letter answering the questions that many people had about their donating. “There are two reasons to do something like this,” Gates began in answering the question of “why.”
“One is that it’s meaningful work. Even before we got married, we talked about how we would eventually spend a lot of time on philanthropy. We think that’s a basic responsibility of anyone with a lot of money. Once you’ve taken care of yourself and your children, the best use of extra wealth is to give it back to society.”
“The other reason is that we have fun doing it. Both of us love digging into the science behind our work… I’ll spend hours talking to a crop researcher or an HIV expert, and then I’ll go home, dying to tell Melinda what I’ve learned.”
Gates finished by saying, “It’s rare to have a job where you get to have both a big impact and a lot of fun. I had it with Microsoft, and I have it with the foundation. I can’t imagine a better way to spend the bulk of my time.”
Check out the YouTube video below to watch the introductory video on Bill Gates’s YouTube channel, showcasing all of the work that he does.