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
Bill Gates auction in 1994. Gates is an avid reader, and the ceiling of his large home library is engraved with a quotation from "The Great Gatsby". He also enjoys playing bridge, tennis, and golf. In 1999, his wealth briefly surpassed $101 billion. Despite his wealth and extensive business travel, Gates usually flew coach in commercial aircraft until 1997, when he bought a private jet. Since 2000, the nominal value of his Microsoft holdings has declined due to a fall in Microsoft's stock price after the dot-com bubble burst and the multibillion-dollar donations he has made to his charitable foundations. In a