William Henry Gates III (born October 28, 1955 in Seattle, Washington) is an American entrepreneur and the co-founder, chairman, former chief software architect, and former CEO of Microsoft, the world's largest software company. Forbes magazine's list of The World's Billionaires has ranked him as the richest person in the world for the last thirteen consecutive years, with a current net worth of approximately $53 billion. When family wealth is considered, his family ranks second behind the Walton family.[3][4] Gates is one of the best-known entrepreneurs of the personal computer revolution. Although he is widely respected by people who see his wealth as a product of intelligence and foresight,[5][6] his business tactics have often been criticized as unethical or anti-competitive, and have, in some instances, been ruled as such in court.[7][8] Since amassing his fortune, Gates has pursued a number of philanthropic endeavors, donating large amounts of money to various charitable organizations and scientific research programs through the Bill & Melinda Gates Foundation, established in 2000.
Warren Edward Buffett (b. August 30, 1930, Omaha, Nebraska) is an American investor, businessman and philanthropist. Buffett has amassed an enormous fortune from astute investments, particularly through the company Berkshire Hathaway, of which he is the largest shareholder and CEO. With an estimated current net worth of around US$46 billion, he is ranked by Forbes as the second-richest person in the world, behind the Microsoft co-founder Bill Gates. In June 2006, he made a commitment to give away his fortune to charity, with 85% of it going to the Bill and Melinda Gates Foundation. [3] Buffett's donation was the largest act of charitable giving in United States history.[4] Despite his immense wealth, Buffett is famous for his unpretentious and frugal lifestyle. When he spent $9.7 million of Berkshire's funds on a corporate jet in 1989, he jokingly named it "The Indefensible" because of his past criticisms of such purchases by other CEOs. [5] He continues to live in the same house in the central Dundee neighborhood of Omaha Nebraska that he bought in 1958 for $31,500. [6] (although he also owned a more expensive home in Laguna Beach, California which he sold in 2004).
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