Bill Gates to step away from Microsoft

Bill Gates, the chairman of Microsoft and one of the richest people in the world, is set to swap software for philanthropy. Microsoft CEO Steve Ballmer will take over the day to day running of the company from Gates today.

But don't expect to see Bill down at the job centre anytime soon. He became the world's youngest self-made billionaire in 1986 when Microsoft went public. A role model for college drop-outs the world over, Gates dropped out of Harvard and set up Microsoft with his childhood friend Paul Allen.

The 52-year-old is set to concentrate his time and wealth on working with the Bill and Melinda Gates Foundation, but will continue to be Microsoft chairman and to work on technology projects with the company. His charitable organisation focuses on funding projects in the developing world.

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