Bill & Melinda Gates Foundation supported a broad range of social, health, and education developments including the establishment of the Gates Cambridge Scholarships at Cambridge University. In 1994, the foundation was formed as the William H. Gates Foundation. During the foundation's following years, funding grew to $2 billion. On June 15, 2006, Gates announced his plans to transition out of a day-to-day role with Microsoft, effective July 31, 2008, to allow him to devote more time to working with the foundation. In 2005, Bill and Melinda Gates, along with the musician Bono, were named by "Time" as Persons of the Year 2005 for their outstanding
Bill Gates world. Bill Gates has held the top spot on the list of The World's Billionaires for 18 out of the past 23 years. Gates has several investments outside Microsoft, which in 2006 paid him a salary of $616,667 and $350,000 bonus totalling $966,667. In 1989, he founded Corbis, a digital imaging company. In 2004, he became a director of Berkshire Hathaway, the investment company headed by long-time friend Warren Buffett. In 2016, he was discussing his gaming habits when he revealed that he was color-blind. In a BBC interview, Gates claimed "I've paid more tax than any individual ever, and