When Bill Gates became a billionaire in 1987, he was the youngest person to reach that milestone. He reached billionaire status at 23, and 12 years later became the first centibillionaire, achieving a $100 billion net worth well ahead of anyone else.

Gates and his then-wife Melinda established a charitable foundation in 2000 to enhance healthcare and reduce poverty around the world, the Bill and Melinda Gates Foundation. Over the past 25 years, Gates has donated much of his wealth to the foundation, and he plans to donate the entirety of his assets to charity throughout his lifetime.

Gates' fellow centibillionaire Warren Buffett has also pledged donations to the Gates Foundation since 2006, but those contributions will end after his death. Buffett also served as a trustee for the foundation until 2021, and likely influenced how the trust invests its funds.

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Source Fool.com