Bill Gates fourth most powerful person in the world in 2012, up from fifth in 2011. In 1994, he was honored as the 20th Distinguished Fellow of the British Computer Society (DFBCS). In 1999, Gates received New York Institute of Technology's President's Medal. Gates has received honorary doctorates from Nyenrode Business Universiteit, Breukelen, The Netherlands, in 2000; KTH Royal Institute of Technology, Stockholm, Sweden, in 2002; Waseda University, Tokyo, Japan, in 2005; Tsinghua University, Beijing, China, in April 2007; Harvard University in June 2007; the Karolinska Institute, Stockholm, in 2007, and Cambridge University in June 2009. He was also made an honorary
Isadore Sharp the hospitality business. He founded the Four Seasons Hotel in 1960 and opened the first hotel on Jarvis Street in downtown Toronto in 1961. On November 6, 2006, American business magnate Bill Gates, through his holding company Cascade Investments LLC, and Saudi businessman, Prince Al-Waleed bin Talal through his company Kingdom Holding Company made an offer to take Four Seasons Hotels private for US$3.4 billion (excluding debt). Sharp would remain chairman and chief executive of the company. He also would be able to realize proceeds from a 1989 incentive plan that would pay him $288 million. The company's headquarters would