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In June 2006, Gates announced that he would be transitioning from full-time work at Microsoft to part-time work and full-time work at the Bill & Melinda Gates Foundation, which was established in 2000.Gates is one of the best-known entrepreneurs of the personal computer revolution.When he was in the eighth grade, the Mothers' Club at the school used proceeds from Lakeside School's rummage sale to buy a Teletype Model 33 ASR terminal and a block of computer time on a General Electric (GE) computer for the school's students.Gates took an interest in programming the GE system in BASIC, and was excused from math classes to pursue his interest.

Years later, Ballmer succeeded Gates as Microsoft's CEO.In reality, Gates and Allen did not have an Altair and had not written code for it; they merely wanted to gauge MITS's interest.MITS president Ed Roberts agreed to meet them for a demo, and over the course of a few weeks they developed an Altair emulator that ran on a minicomputer, and then the BASIC interpreter.Gates has one elder sister, Kristi (Kristianne), and one younger sister, Libby.He is the fourth of his name in his family, but is known as William Gates III or "Trey" because his father had the "II" suffix.The family encouraged competition; one visitor reported that "it didn't matter whether it was hearts or pickleball or swimming to the dock ...there was always a reward for winning and there was always a penalty for losing".The demonstration, held at MITS's offices in Albuquerque, was a success and resulted in a deal with MITS to distribute the interpreter as Altair BASIC.Paul Allen was hired into MITS, Gates never returned to Harvard to complete his studies.Since 1987, Gates has been included in the Forbes list of the world's wealthiest people, an index of the wealthiest documented individuals, excluding and ranking against those with wealth that is not able to be completely ascertained.From 1995 to 2017, he held the Forbes title of the richest person in the world all but four of those years, and held it consistently from March 2014 – July 2017, with an estimated net worth of US.9 billion as of October 2017.

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