JAKARTA - In the world of billionaires, saving life may sound strange. But William Henry Gates III aay is better known as Bill Gates, founder of Microsoft and one of the richest people in the world is actually famous for his cautious attitude in using money.
With a wealth that is now estimated at more than 108 billion US dollars or IDR 1.7 quadrillion, Gates can actually buy anything. But instead, he chose not to waste it.
In addition to maintaining his personal expenses, Gates has long been away from ambitions to accumulate wealth. He once stated his commitment to donate most of his assets through the Bill and Melinda Gates Foundation and various other charitable institutions. He hopes that one day his name will no longer be on the list of the richest people in the world.
Gates' wealth is not to be hoarded, but is used to provide benefits to others. Here are 5 things that have almost never been where he squandered money and all reflect his perspective on money, life, and philanthropy.
Here are 5 things Bill Gates avoided so he wouldn't regret it in his old age, as reported by the Nasdaq page.
1. Excessive spending
Like Warren Buffett, Gates is known to be very thorough in managing expenses. He prefers to be wise rather than have excessive fun.
If many other billionaires such as Elon Musk or Jeff Bezos could spend millions of dollars such as pocket money, Gates would stick to the principle of prudence.
He comes from a simple background, and this habit helps shape his perspective. Even though he is now one of the richest people in the world, he still practices a lifestyle with clear and considerationful boundaries.
2. Luxury Goods for Children
Gates prefers investing in education and charity activities rather than spending money on his children's luxury goods. He once said that giving children too much money is not a good idea. According to him, children need to learn to respect money, not grow up with a mindset they can get anything without a business.
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3. Luxury and excessive food
"How much food can you eat?" Gates told CNBC. For Gates, food is a matter of need, not luxury. He cares more about the issue of food security in developing countries than pampering himself with super expensive dishes. In his view, overeating is the same as wasting money.
4. Yachts and Luxury Supercar
Gates is also not the type that collects cruise ships or luxury cars like Lamborghini. Luxury Launches once said he was not a fan of these super luxury items. Even so, he had time to celebrate his 66th birthday aboard a rented luxury yacht in 2021 with Jeff Bezos.
He also owns Porsche 959, so it can't be said that he has never really spent expensive goods. But if you look at his extraordinary wealth, one or two purchases like this still are very reasonable and far from being wasteful.
5. Luxury Clothing and Designer Accessories
Gates is not interested in showing off his wealth through expensive clothes, jewelry, or watches. He once proudly admitted to wearing the Casio watch for 10 dollars or Rp166,000 at an event in 2014. His simple appearance has become characteristic and is in line with his life principles that do not like excessive.
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