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View Full Version : Bill Gates wishes he weren't so rich


MacBytes
May 5, 2006, 08:59 AM
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Category: Microsoft
Link: Bill Gates wishes he weren't so rich (http://www.macbytes.com/link.php?sid=20060505095929)
Description:: The corporate leader says he doesn't like the attention of being the world's richest man.

Posted on MacBytes.com (http://www.macbytes.com)
Approved by Mudbug

gauchogolfer
May 5, 2006, 09:01 AM
Cry me a river.....

On the other hand, he has lost an estimated $40 billion dollars in the last 6 years, which is more than the worth of anyone else in the world.

iGary
May 5, 2006, 09:02 AM
I'd be depressed if I made billions from a faulty product, too.

Boo hoo™, Bill. :rolleyes:

peanut48
May 5, 2006, 09:04 AM
hey mr.gates send me a cheque for a couple of billions....:D

yellow
May 5, 2006, 09:04 AM
The only solution? Send a $10,000 check to every US citizen.

peanut48
May 5, 2006, 09:05 AM
The only solution? Send a $10,000 check to every US citizen.

well lets make it for everyone in the world...:D

dornoforpyros
May 5, 2006, 09:21 AM
eh the guys still human, he might be the head off M$ which causes millions of thousands of headaches everyday but he's still entitled to an opinion.

Yeah I be being the richest person in the world does have it's downsides. When you can buy literally anything you want without having to save for it that really doesn't leave much to be desired in life.

Plenty of lottery winners have had their life destroyed by their winnings.

Sonofhaig
May 5, 2006, 09:25 AM
The only solution? Send a $10,000 check to every US citizen.

Yes! That.

What to do.What to do. So much money........ booooooo hooooo hooooooooo

taytho
May 5, 2006, 09:27 AM
i know that no one feels sorry for him..... i do understand where he is coming from(as in i can imagine it would suck) Goes to show there are far more important things than money. Thats why i teach!

Danksi
May 5, 2006, 09:27 AM
It makes you think about those with old money, that don't get much, if any attention - I think I'd prefer that situation.

matthew24
May 5, 2006, 09:31 AM
'The only solution? Send a $10,000 check to every US citizen.'

Good idea, everyone will get a Mac and SJ will be the richest man in the world!:p

Eraserhead
May 5, 2006, 09:38 AM
In the guardian (in the UK) he apparently said that people were underestimating Microsoft at the moment, which may be an interesting point.

Abstract
May 5, 2006, 09:38 AM
Me + $40 Billion + casino = problem solved!

PlaceofDis
May 5, 2006, 09:43 AM
In the guardian (in the UK) he apparently said that people were underestimating Microsoft at the moment, which may be an interesting point.

ha! no MS is on a downward trend, i don't think they will be able to reverse that trand for a while, due to the negative stigma they've gained

Willis
May 5, 2006, 09:46 AM
he's still worth $50 billion.

thats still impressive. but my god... i would cry like a baby if i lost $40 Billion in 6 years.

Eraserhead
May 5, 2006, 10:10 AM
Me + $40 Billion + casino = problem solved!
I hope you mean that you'll buy a casino with it ;)

I think some of the money he has "lost" has gone to the Gates foundation.

IJ Reilly
May 5, 2006, 10:16 AM
he's still worth $50 billion.

thats still impressive. but my god... i would cry like a baby if i lost $40 Billion in 6 years.

The Gates net worth is generally computed based on his ownership of Microsoft stock. He's been selling his shares of Microsoft steadily for years, and diversifying into other things. So his net worth is probably significantly more than $50 billion. As for "nothing good coming" from such wealth, you'd think that Bill might cite the Bill and Melinda Gates Foundation. Makes a person wonder whether His Billness actually believes in the value of philanthropy.

jaxstate
May 5, 2006, 10:16 AM
:) I love the, "I sit alone" comment. I like Billy.

AppleMatt
May 5, 2006, 10:16 AM
I wouldn't be surprised if, % of earnings wise, he gives away more than everyone who has and will post in this thread berating him for his observation that money isn't the be and end all. Let's be fair, he's fairly well qualified to make that observation.

AppleMatt

7on
May 5, 2006, 10:49 AM
'The only solution? Send a $10,000 check to every US citizen.'

Good idea, everyone will get a Mac and SJ will be the richest man in the world!:p

impossible, though if a lot of macs are purchased Apple may raise his salary to $2 annually instead of $1.

Oh and being rich is a choice. He could simply "choose" not to be rich, so what he's saying is a downright lie until we hear a story about Gates giving up all his wealth. I know if I had Gate's wealth I'd give it away.

Seasought
May 5, 2006, 10:58 AM
Still, Gates joked about his plight being unequaled in wealth. Asked if he surrounded himself with financial peers, he quipped, "No, I sit alone."

If you burn enough bridges you're going to end up alone. Perhaps if he wasn't as hellbent on smashing people to get another dollar this wouldn't be as much of an issue for him.

Imagine the opportunity for good if you had this amount of money. Imagine the projects you could set into motion...I suppose he could buy some friends if he really gets down.

I would have thought his philanthropy project would have yielded some sense of personal satisfaction...maybe it's too against his evil nature. :p

shadowfax
May 5, 2006, 11:05 AM
I know if I had Gate's wealth I'd give it away.pardon my saying so, but that sounds even more pretentious than Gates...

topgunn
May 5, 2006, 11:15 AM
The only solution? Send a $10,000 check to every US citizen.
He would need nearly 3 trillion dollars to do that. In actuality, he could only send a check for $167 to every US citizen assuming he was able to liquidate all of his assets dollar for dollar.

yellow
May 5, 2006, 11:17 AM
He would need nearly 3 trillion dollars to do that. In actuality, he could only send a check for $167 to every US citizen assuming he was able to liquidate all of his assets dollar for dollar.

I was being facetious and didn't need the math lesson. But thanks anyway.

IJ Reilly
May 5, 2006, 11:19 AM
If you burn enough bridges you're going to end up alone. Perhaps if he wasn't as hellbent on smashing people to get another dollar this wouldn't be as much of an issue for him.

Good point. If his money hasn't brought him much satisfaction, maybe it's his long-burried conscience speaking. Gates reminds me of steel baron Andrew Carnegie, who spent decades throttling anyone who got in between him and a dollar. Even though later in life Carnegie gave away a lot of his wealth, he remained an embittered man, or so I understand.

mpw
May 5, 2006, 11:22 AM
...Plenty of lottery winners have had their life destroyed by their winnings...
It is not their winnings that ruined their lives, it is what they chose to do with those winnings.

There's very little stopping him just giving his cash away if he wanted to, I wonder what stops him?

yellow
May 5, 2006, 11:23 AM
Maybe it's time for him to go the Howard Huges route? The "Spruce Moose" (the worlds largest wooden computer)? Heroin addiciton? Kleenex boxes on the feet?

As for giving his money away, he and his wife are massive philanthropists, and whatever ire I have for the man, his products, and his politics, it would be Bad Form to say he doesn't share his wealth.

IJ Reilly
May 5, 2006, 11:26 AM
It is not their winnings that ruined their lives, it is what they chose to do with those winnings.

There's very little stopping him just giving his cash away if he wanted to, I wonder what stops him?

He has been giving huge sums recently, mainly to his foundation. The point I and others are making is that philanthropy doesn't seem to bring Mr. Gates much personal satisfaction.

mpw
May 5, 2006, 11:38 AM
He has been giving huge sums recently, mainly to his foundation. The point I and others are making is that philanthropy doesn't seem to bring Mr. Gates much personal satisfaction.

I'm aware he's given huge sums away but if he claims he doesn't want to be rich what stops him just giving away the rest and walking away? He obviouly thinks carefully about who or what he's giving his money away to which makes me think that he still sees it as 'his' money in that if he truely didn't want it would he care where it went as much.

I personally have no problem with Bill Gates whether he has money or not and it annoys when I see people bitch about him, and others, with money not giving away like they would. At the end of the day it's his decision what to do with his money.

The Sunday Times in the UK publishes a list of the wealthiest 1000 people in the UK each year and it always annoys me caused I happen to know some of the people on the list and I hate the way they want to lead a normal life but each year around this time the list is published and they get comments thrown at them in the street and people coming up just asking for money or saying they should do this or that with their cash.

AppleMatt
May 5, 2006, 12:26 PM
He obviouly thinks carefully about who or what he's giving his money away to which makes me think that he still sees it as 'his' money in that if he truely didn't want it would he care where it went as much.

He should give it to the Mafia then. Or the Taliban. ****** it, it's only paper.

Yes he thinks where it goes to, he worked for it and he wants to make sure that it's not wasted.

If you burn enough bridges you're going to end up alone. Perhaps if he wasn't as hellbent on smashing people to get another dollar this wouldn't be as much of an issue for him.

Lest we forget that Steve Jobs is known for making people cry at their desks. Daily.

Imagine the opportunity for good if you had this amount of money. Imagine the projects you could set into motion...I suppose he could buy some friends if he really gets down.

"According to a 2004 Forbes magazine article, Gates gave away over $29 billion to charities from 2000 onwards. These donations are usually cited as sparking a substantial change in attitudes towards philanthropy among the very rich, as philanthropy eventually became the norm for the very rich."
(http://en.wikipedia.org/wiki/Bill_Gates)

AppleMatt

MacBoobsPro
May 5, 2006, 12:30 PM
'The only solution? Send a $10,000 check to every US citizen.'

Good idea, everyone will get a Mac and SJ will be the richest man in the world!:p

Then SJ can give us all another $10,000! :D

Seriously though if you are fed up of having loads of money and ambitions and targets are no problem because you are so rich. Just give 90% of it away and start again. Simple. People that say oh im so depressed coz im loaded are either dumbasses or are just boasting about how rich they are.

Seasought
May 5, 2006, 12:43 PM
Lest we forget that Steve Jobs is known for making people cry at their desks. Daily.



I'm not implying Jobs doesn't have his flaws. Given the interview this thread is in relation to, Gates comes off as rather hypocritical and silly given his business practices in the past. I liken it to a school bully who, after slapping around the rest of the kids at the playground starts crying about how nobody likes him.

However, I am interested in seeing information pertaining to Jobs making people cry at their desks daily. Was this from a book (http://www.amazon.com/gp/product/0767904338/qid=1146850920/sr=2-2/ref=pd_bbs_b_2_2/103-0368892-8319846?s=books&v=glance&n=283155), or online source? I'd like to read it. I've read rumors about it, but that's it.


"According to a 2004 Forbes magazine article, Gates gave away over $29 billion to charities from 2000 onwards...


That's why I wrote (http://forums.macrumors.com/showthread.php?t=198558) the following:

"I would have thought his philanthropy project would have yielded some sense of personal satisfaction..."

benpatient
May 5, 2006, 02:50 PM
i would say that you shouldn't presume to know his real-life "level of personal satisfaction."

He's got a family and he's giving away more money every year than most small countries' budgets...

I kinda understand what he's saying...not from experience, just conceptually.

most movie stars complain about all the problems of being famous. How is this different? Chances are good that your favorite actor/actress/musician/performer has complained publicly about the bad side of being famous...most of them do.

Seasought
May 5, 2006, 03:04 PM
i would say that you shouldn't presume to know his real-life "level of personal satisfaction."


Hence the "I would have thought..." as opposed to using an absolute like "He should...". It was speculation.


How is this different? Chances are good that your favorite actor/actress/musician/performer has complained publicly about the bad side of being famous...most of them do.

It isn't. Just because Gates' complaints are similar to other prominent, wealthy celebrities, or businessmen doesn't warrant that I refrain from expressing my thoughts on the subject within the rules laid out for this forum.

devilot
May 5, 2006, 03:07 PM
The point I and others are making is that philanthropy doesn't seem to bring Mr. Gates much personal satisfaction.Maybe if he were to get personally, physically involved. As in volunteering or something?

SpaceMagic
May 5, 2006, 03:16 PM
I prefer to see leader of an american capitalist technology-leading company than a russian oil lord at the top of the Rich List... and I'm british!

I respect Bill Gates completely, I think he often let down by creations in his company but his unified ideas are always the stuff of what dreams are made of. His philanthropy is also something which needs to be greatly recognised, as he is one of a kind in that area.

IJ Reilly
May 5, 2006, 03:18 PM
I'm aware he's given huge sums away but if he claims he doesn't want to be rich what stops him just giving away the rest and walking away? He obviouly thinks carefully about who or what he's giving his money away to which makes me think that he still sees it as 'his' money in that if he truely didn't want it would he care where it went as much.

I personally have no problem with Bill Gates whether he has money or not and it annoys when I see people bitch about him, and others, with money not giving away like they would. At the end of the day it's his decision what to do with his money.

We are making similar points. Despite the fact that I don't care for much of anything about Bill Gates, I would not otherwise have questioned his giving had it not been for this remark. Generosity should make a person feel like they've done something worthwhile. If it doesn't, the spirit of the giving deserves to be questioned. Knowing what I know about Gates (which is quite a lot, with the amount I've read), I was actually a bit surprised when he started his foundation and began shifting some of his wealth to it. Let's just say that Gates had never been known perviously for his generosity, even towards his friends.

IJ Reilly
May 5, 2006, 03:30 PM
Maybe if he were to get personally, physically involved. As in volunteering or something?

A little hands on couldn't hurt, but I don't think it's necessarily key. I know when I write a big check (for me) to charity, it gives me a little pinch. I recognize that I'm giving up something of my own for another thing of more abstract value. Possibly because Gates has so much money, shifting some of it to his foundation is another sort of abstraction for him. He could give away 95% of what he owns and still have enough money to make 1,000 people luxuriantly comfortable for a lifetime. My point is, he probably couldn't give away enough to ever feel like he's made a real sacrifice for the good of others (assuming sacrificing for the good of others is even in his nature).

DMann
May 5, 2006, 03:46 PM
Maybe it's time for him to go the Howard Huges route? The "Spruce Moose" (the worlds largest wooden computer)? Heroin addiciton? Kleenex boxes on the feet?

As for giving his money away, he and his wife are massive philanthropists, and whatever ire I have for the man, his products, and his politics, it would be Bad Form to say he doesn't share his wealth.

Tax write-offs, perhaps............ regarded as acts of generosity.

AppleMatt
May 5, 2006, 04:16 PM
Seasought,

Let me just clear up I was addressing the position maintained by people in this thread, not just singling you out. It just so happened that your quotes suited my point best :)

Re: Jobs being a meanie. I can't remember the site, but I *think* was linked from daringfireball and I read it within the last week. As for accuracy, it was by an Apple employee - although obviously anyone can embellish, Apple employee or not.

I don't think Gates means lonely because people don't like him, I think he means the isolating effect having so much money and power over others has due to their presumptions and behaviour around you, and the fact that he always has to ask himself 'why are they really here'.

AppleMatt

hulugu
May 5, 2006, 04:22 PM
I wouldn't be surprised if, % of earnings wise, he gives away more than everyone who has and will post in this thread berating him for his observation that money isn't the be and end all. Let's be fair, he's fairly well qualified to make that observation.

AppleMatt

I think the reason that Gates comes across as such a whiner for this statement is that his wealth is rediculous compared to the average American family, not to mention the average family in the rest of the world. Thus, because his wealth is excessive it makes it easier for him to give away significant percentages.
Bill Gates' money exists in a rarified world, every need can be taken care of 1000x over and he would still barely scratch the interest on such sums. There's only so much money one can spend and Bill has surpassed that amount, everything is just frosting so to speak. Giving away frosting is a lot easier than giving away cake.

hulugu
May 5, 2006, 04:27 PM
A little hands on couldn't hurt, but I don't think it's necessarily key. I know when I write a big check (for me) to charity, it gives me a little pinch. I recognize that I'm giving up something of my own for another thing of more abstract value. Possibly because Gates has so much money, shifting some of it to his foundation is another sort of abstraction for him. He could give away 95% of what he owns and still have enough money to make 1,000 people luxuriantly comfortable for a lifetime. My point is, he probably couldn't give away enough to ever feel like he's made a real sacrifice for the good of others (assuming sacrificing for the good of others is even in his nature).

Money is an easy way to support a charity, but it's not until you get dirty and get your hands on something that you realize what charity means, IMHO. Now, Bill is different, he could chuck a sum at some small charity that would make their decade and that would mean a lot more for a charity than his skinny arms, but for Bill getting his hands dirty might do a lot more for him.

If I were that rich I'd rather be Richard Branson, or idiot adventurer, than Gates' who apparently sits around whinging away about how hard it is to be rich.

Seasought
May 5, 2006, 04:35 PM
Seasought,

Let me just clear up I was addressing the position maintained by people in this thread, not just singling you out. It just so happened that your quotes suited my point best :)

Re: Jobs being a meanie. I can't remember the site, but I *think* was linked from daringfireball and I read it within the last week. As for accuracy, it was by an Apple employee - although obviously anyone can embellish, Apple employee or not.


Ok. Forgive the aggression, I've grown tired of being challenged on every little thing in my posts despite my best attempts to be specific and clear. I suppose it's inevitable given the medium at times. :D

I'll have to do some hunting for information concerning Jobs' "temper" and see what I find. Think youtube has some film footage of a Jobs outburst? :p

ethernet76
May 5, 2006, 07:27 PM
Maybe if he were to get personally, physically involved. As in volunteering or something?

Do you honestly believe anyone would leave him alone?

He's probably one of the most wrongfully hated men in America.

I don't like Windows. But for being the richest man in the world he has an extremely large heart.

Many a men would stockpile wealth only to hand it down to their children. This man actually commits himself and his money to the places where he has benefited most.

Some people give back to their community. Gates gives back to entire countries. His work with AIDS in India makes him a hero.

Nearly $6 billion dollars donated and spent.

iBlue
May 5, 2006, 08:55 PM
point is, talking about how difficult it is to be so rich is a stupid thing to do. it would be like an athlete whining about how much running he's been doing to a paraplegic. or a supermodel complaining about how everyone thinks she's so pretty. well duh, everyone has their cross to bear. :rolleyes:

if a person has something of extrordinary value, something many others desire themselves, it is wise not to complain about having it.

DeVizardofOZ
May 6, 2006, 08:36 AM
Allow me to inject, that I do not hate him. When you control this kind of wealth, you are living in another world, and lose perspective, even if you give away much. When he started off, he was not extremely smart, just smart, but extremely lucky. IBM at the time was extremely stupid...

Now, if I would control that kind of money, I would invest in research big time, hiring the brightest and the best. Work on bio/nano applications for computers. I would not be buying other companies, but rather build new ones. Get involved in designing and building commercial space technology, finding partners, pushing to explore space on a commercial level. There has been a lot of effort, apart from scientific research, but so far unsuccessful because of lack of funding...

No, I am not dreaming. Remember, the US went to the moon about 30 years ago, despite the lack of todays technology... My god, what happened since then? The US spends 400 Billion !! US$ a year on defense, and NASA is working with dangerously old equipment!

While we are slowly destroying the cradle we live in, we do nothing to find a way out, what lies within, and beneath the boundaries of our solar system. Her a man of Gates stature could push.

Think about it...

AppleMatt
May 6, 2006, 10:32 AM
Ok. Forgive the aggression, I've grown tired of being challenged on every little thing in my posts despite my best attempts to be specific and clear.

No problem, I know exactly what you mean, it often gets too hostile here over silly little things.

AppleMatt

IJ Reilly
May 6, 2006, 10:55 AM
He's probably one of the most wrongfully hated men in America.

Quite incorrect, I think. If people knew more about how Gates managed to accumulate such wealth, more would disrespect him. As it is, most people equate wealth with both value to society and goodness, so they will generally close their ears to any negatives.

Oh, and it's got nothing to do with Windows.

zorg
May 6, 2006, 12:58 PM
This is the most BS I have ever read in one article...

superleccy
May 7, 2006, 05:04 PM
Bill Gates wishes he weren't so rich

Easy solution Bill, knock 75% off the consumer non-student price of the full version of MS Office.

When you're not the richest man in the world, £349 is far too much to pay for something you only have to buy because there's not a realistic alternative.

OK, so Bill's not the only criminal playing this game (Adobe Illustrator £499, QuickTime Pro £19.99 - am I made of money?), but everyone needs a Pantomime Villan in their lives.

Regds
SL.

generik
May 7, 2006, 06:25 PM
eh the guys still human, he might be the head off M$ which causes millions of thousands of headaches everyday but he's still entitled to an opinion.

Yeah I be being the richest person in the world does have it's downsides. When you can buy literally anything you want without having to save for it that really doesn't leave much to be desired in life.

Plenty of lottery winners have had their life destroyed by their winnings.

Anyway, do you guys think that the Gate & Melinda Foundation is a genuine (as in Microsoft Genuine Advantage) charity or just something to write off his huge taxes?

Stridder44
May 7, 2006, 07:17 PM
Im sure it's been said but I can fix that for him...

IJ Reilly
May 7, 2006, 10:37 PM
Anyway, do you guys think that the Gate & Melinda Foundation is a genuine (as in Microsoft Genuine Advantage) charity or just something to write off his huge taxes?

The Bill and Melinda Gates Foundation.

It's a "genuine" charity in the sense that it meets the IRS section 501-c-3 definitions.

One thing to consider when evaluating whether Bill's heart is really big, or if it's all a tax dodge, is that donations of appreciated stock can be taken as a deduction based on current market value, irrespective of the cost basis. The charity can then liquidate the stock with no tax consequences.