Win a fitness package worth more than £3,000
BILL GATES is a man of two public images — the ruthless, monopolistic capitalist and the philanthropist who has given away a large chunk of his fortune to good causes.
While over the past decade Microsoft has been fighting off rivals in the courts as it tries to cling to its dominant position, Mr Gates has been seeking to advance vaccination against deadly diseases in the Third World.
The Bill & Melinda Gates Foundation, now the biggest charitable foundation in the world, was set up nearly 12 years ago, just as the Microsoft chairman was fighting a swath of antitrust law suits that were attempting to break up Microsoft’s monopolistic position.
Mr Gates established the foundation in 1994 with the help of his father, William H. Gates. At that time it was endowed with $94 million to fund educational projects.
Three years later, at the beginning of the dot-com boom, when Netscape, the internet search engine, was fighting Microsoft for dominance of the internet, the foundation began to campaign about the lack of availability of drugs for poorer nations — a stance that, ironically, attacked the dominance of the world’s biggest drug companies.
Since 1997, the foundation has grown at an astronomical rate — it now employs 250 people and has an endowment of $28.8 billion (£16.5 billion). It supports causes across all states in America, including supplying nearly 50,000 computers to 11,000 libraries, and aids medical work and vaccination efforts in more than 100 countries.
Meanwhile, Microsoft’s competitors largely have failed in their attacks on the company’s dominant market position.
In 2003 Microsoft agreed to pay £545 million to AOL Time Warner, the ultimate owner of Netscape, to settle their dispute. In 2001 a federal appeals court finally upheld an antitrust settlement between Microsoft and the Justice Department, which ended efforts of rivals to break up the software giant.
Industry sectors news at a glance. Interactive heatmap, video and podcast
The inside track on current trends in the charity, not for profit and social enterprise sectors
Read our exclusive 100 Years of Fleming and Bond interactive timeline, packed with original Times articles and reviews
Everything the Business Traveller needs to know to make a better trip
Shortcuts to help you find sections and articles
05/2005
£13,500
08/2008
£109,950
2006
£10,750
Great car insurance deals online
£Excellent+ executive benefits
Torres and Partners
London
£49,229 - £62,035 pro rata
Charity Commission
London/Liverpool/Taunton
Alstom Power
Europe
Six Figure
Rolls Royce
Midlands/Europe
From £89,950
Great Investment, River Views
Special Offers now available
New Year in the USA!
.
Cruise the Islands of Hawaii - Pride of America
List your property with two leading travel websites
Great travel insurance deals online
Contact our advertising team for advertising and sponsorship in Times Online, The Times and The Sunday Times, or place your advertisement.
Times Online Services: Dating | Jobs | Property Search | Used Cars | Holidays | Births, Marriages, Deaths
News International associated websites: Globrix | Property Finder | Milkround
Copyright 2008 Times Newspapers Ltd.
This service is provided on Times Newspapers' standard Terms and Conditions. Please read our Privacy Policy.To inquire about a licence to reproduce material from Times Online, The Times or The Sunday Times, click here.This website is published by a member of the News International Group. News International Limited, 1 Virginia St, London E98 1XY, is the holding company for the News International group and is registered in England No 81701. VAT number GB 243 8054 69.