[ad_1]
bill gates It gained attention during the early growth stages of the Internet and the dotcom boom. his company, Microsoft (NASDAQ: MSFT) became a big player in the tech scene in the early 1980s and launched its initial public offering (IPO) in 1986.
Today, the tech giant is worth nearly $2 trillion and Gates’ net worth is over $104 billion. Microsoft helped Gates hold the title of richest person in the world from his 1995 to his 2017, except from 2010 to his 2013.
Gates is nearly retired from the company, but still retains much of his fortune. That’s why the billionaire turned to philanthropy and founded Bill and Melinda his Gates Foundation with a mission to “create a world where everyone has the opportunity to live a healthy and productive life.” .
To get the latest on top startup investments, visit Sign up for Benzinga’s Startup Investing & Equity Crowdfunding newsletter
Organizations fund many causes they fund, but one of the most prominent areas they are investing in and developing is healthcare. The idea could be worth billions of dollars if a startup cracks the code and solves the problem.
That’s why venture capitalists (VCs), billionaires like Gates, and individual investors have flocked to this space, investing billions of dollars. Amazon.com, Inc.(NASDAQ: AMZN) continues to push into the space, with private investors investing in innovative start-ups. Sensate, for example, has raised over $2.2 million from private investors for his patented stress-relieving device, which has quite the celebrity endorsement.
As for Gates, he sets many goals and makes bold predictions. The billionaire hopes to have an HIV vaccine by 2030 and aims to completely eradicate malaria. To do this, he regularly invests in new and innovative startups and technologies in his $12 trillion global healthcare industry.
The Gates Foundation website lists some examples of its projects. These include low-cost supplements to breast milk that use DNA encoding to introduce protection against viruses such as Zika and HIV, and engineer B cells to act as universal donor cells. He has also dedicated more than $2 billion of his to fighting the COVID-19 pandemic worldwide, aiming to end deaths from pneumonia using vaccines and antibiotic treatments.
The Foundation spends approximately $6.6 billion annually. As of December 2021, we needed more than $53.3 billion to reach our goal. Gates has said he plans to donate most of his fortune to charity, so most of his $100 billion personal fortune will go into funding the foundation over the next few decades. will be
Read more about startup investment by Benzinga.
Don’t miss real-time stock alerts – join Benzinga Pro for free! Explore tools that help you make smarter, faster and better investments.
This article originally appeared on Benzinga.com
© 2023 Benzinga.com. Benzinga does not provide investment advice. all rights reserved.
[ad_2]
Source link
