Are some people like Bill Gates lucky to become wealthy? Was it opportunity meet right timing at the right place or purely God factor? A historian Gar Alperovitz says “Thousands of links in the chain of development–our shared inheritance–were in fact required before Bill Gates could make his contribution” . Moreover, “The personal computer itself–without which Gates’ software would not be possible–owes its development to sustained federal funding.”
And Albert Einstein, who was much smarter than Bill Gates, said, “Many times a day I realize how much my outer and inner life is built upon the labors of my fellow-men, both living and dead.”
The above has been opined by some people. Yet, there are more deeper factors that bring entrepreneurial success.
William Henry “Bill” Gates who dropped out of University and whose wealth is estimated to be some $65 billion measured in US dollars got a contract to add value to IBM in 1980. IBM gave Gates and Microsoft the contract to develop the software for their first PC. “Gates went on to buy an existing software program, QDOS, for $50,000 , renamed it to MS-DOS.
Unlike his seller, he understood the power of recurrent income, therefore he opted to the option of collecting a royalty every time a PC was sold.”
Gates who owns a lakeside estate in Washington State worth about $150million (£94 million) and boasting a swimming pool equipped with an underwater music system says “My full-time work for the rest of my life will be at the (Bill Gates) foundation, I still work part-time for Microsoft. I’ve had two careers and I’m lucky that both of them have been quite amazing.
With hard work, persistence and focus, Gates has been able to build a business that goes further to help not just economically, but socially worldwide.