The incredible life of Melinda Gates — one of the world’s richest and most powerful women

She heads a foundation with a $40 billion endowment.

caption
She heads a foundation with a $40 billion endowment.
source
Jamie McCarthy/Getty Images for Bill & Melinda Gates Foundation

Melinda Gates is the third most powerful woman in the world, and the top American to make the Forbes 2017 most powerful women in the world list.

Gates – who shares an estimated fortune of nearly $90 billion with her husband -has become one of the most prolific philanthropists in the world as co-chair of the Bill and Melinda Gates Foundation, which she helmed virtually on her own for the first six years of operation.

In addition to the pair’s education and healthcare initiatives, Gates takes a personal interest in women’s issues around the world. At the forefront of her agenda is expanding the availability of contraception and bringing awareness to the concept of time poverty – thenotion that hours of daily unpaid work like household chores end up “robbing women of their potential.”

In 2016, Gates was awarded the Presidential Medal of Freedom, the highest civilian award in the US, by President Obama.

Keep scrolling to learn more about her life and how she became one of the world’s richest and most powerful women.


Melinda Gates (neè French) grew up in Dallas, Texas, with her parents — a stay-at-home mother and an aerospace-engineer father — and her three siblings. The family belonged to the local Roman Catholic parish.

caption
St. Monica Catholic Church, where the French family attended church, in Dallas, Texas.
source
Facebook/St. Monica’s Catholic Church

Source: Telegraph


The Frenches were intent on sending all four of their children to college, so Melinda’s father started a side business for rental properties. “We would help him run the business and keep the books,” she said. “We saw money coming in and money going out.”

caption
The family used an Apple III computer to keep the rental business organized. Melinda was in awe of the computer at the time but would later denounce the brand when she became a Microsoft employee.
source
Wiki commons

Source: Fortune


Gates was valedictorian and head of the drill team at her high school, Ursuline Academy of Dallas. In 2007, the Gates Foundation donated $7 million to Ursuline for the construction of The French Family Science, Math, and Technology Center — a 70,000 sq. ft. LEED Gold certified laboratory and classroom building.

source
UrsulineDallas.org

Source: Ursuline Dallas, Marie Claire


She went on to earn a double bachelor’s degree in computer science and economics from Duke University and an MBA from Duke’s Fuqua School of Business in just five years.

caption
Duke University’s Fuqua School of Business.
source
Wikimedia Commons

Source: Duke Today


But Gates’ dedication to her school work did not deter her from a social life. She was a member of Duke’s Beta Rho chapter of Kappa Alpha Theta Sorority. In a 1995 interview, a sorority sister remembered her as a serial monogamist and a reserved dresser.

source
Encyclopedia Britannica

Source: Heritage, Seattle Times


Gates has been generous to her alma mater. Her gifts include The French Family Science Center, the University Scholars Program, and the DukeEngage Program. She also served as a Duke trustee from 1996 to 2004.

source
YouTube

Source: Duke Today


Shortly after graduation, Gates was recruited by Microsoft just after the company went public and its stock began to soar. During her time at the company, she served as project manager of Microsoft Bob, Microsoft Encarta, and Expedia.

source
YouTube

Source: Seattle Times


At a company picnic, Gates’ now husband, Bill, asked if she’d like to join him on a date in two weeks. She turned him down because he wasn’t spontaneous enough. Within an hour, he asked to take her out that night and she agreed. The pair kept a low profile at work and asked colleagues and family members to respect their privacy.

source
Reuters

Source: Business Insider, Seattle Times


Gates calls the couple’s first trip to Africa in 1993 the turning point. During a walk on the beach in Zanzibar, they decided to do something about the devastation they’d seen. Thus, the Gates Foundation was born.

source
YouTube/TED.com

Source: TED.com


In 1994, after seven years of dating, Bill and Melinda married in a secret ceremony on the 17th hole of a Hawaiian golf course after a pre-wedding fireworks display and a performance by Willie Nelson. The wedding tab was reportedly $1 million.

source
YouTube/Biography

Source: People Magazine


Gates gave birth to their three children in 1996, 1999, and 2002. Though they won’t be poor, the Gates children will not inherit their parents’ billions, most of which will go to the foundation. “We want to strike a balance where they have the freedom to do anything but not a lot of money showered on them so they could go out and do nothing,” Bill said in 2014.

source
YouTube

Source: TED.com


The Gates children have all been to Africa a number of times for philanthropic work. In 2014, Gates and her eldest daughter traveled to Tanzania to do a homestay for the first time. In a TED talk last year, Gates said, “As they get older, they so know that our family belief is about responsibility, that we are in an unbelievable situation just to live in the United States and have a great education, and we have a responsibility to give back to the world.”

caption
Melinda and Jennifer Gates visit Tanzania.
source
TED.com/YouTube

Source: TED.com


The Gateses are close friends with U2 frontman, Bono. He has said of Melinda: “Lots of people like him [Bill] — and I include myself — are enraged, and we sweep ourselves into a fury at the wanton loss of lives. What we need is a much slower pulse to help us be rational. Melinda is that pulse.”

caption
Bill and Melinda Gates were named Time magazine’s “Persons of the Year,” along with Irish rock group U2’s lead singer Bono.
source
Reuters/TIME

Source: Fortune


In 2006, Warren Buffett agreed to give 80% of his multi-billion dollar fortunate to the Gates Foundation. Buffett, a close friend of the family, told Fortune that Bill is “smart as hell, obviously … but in terms of seeing the whole picture, [Melinda’s] smarter.”

source
Spencer Platt / Getty

Source: Fortune


In 2014, Gates joined her husband for a speech during Stanford’s commencement. She gave advice to students and families about hands-on charity: “Let your heart break. It will change what you do with your optimism.”

source
Justin Sullivan / Getty Images

Source: Stanford


In 1995, a Seattle Times article predicted that perhaps Gates would one day head up a Gates foundation. For the last 15 years, she has been the co-chair of the Bill and Melinda Gates Foundation, a private, global foundation with a $40 billion endowment.

source
Getty Images / Mark Wilson

Source: Seattle Times, Gates Foundation


Gates is taking a number of domestic and world issues head-on. Despite her Catholic faith, she has worked to expand the availability of contraception for women, writing in a Fortune article that birth control is “too important to let it be a politicized issue.”

Source: Huffington Post, Fortune


She’s recently begun a new initiative to transform the 21st century workplace into one of inclusivity, specifically when it comes to the gender gap.

source
Larry Busacca/Getty

Source: LinkedIn


In November 2016, Gates was awarded the Presidential Medal of Freedom by President Obama, the highest civilian award in the US, for her work in health and poverty in America and abroad.


Gates describes the legacy she hopes to leave: “On the day I die, I want people to think that I was a great mom and a great family member and a great friend. I care about that more than I care about anything else.”

source
Getty Images

Source: Fortune