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 edible, again getting a "Yes". Some say that this is an homage to Seinfeld's own show about "nothing" ("Seinfeld"). In a second commercial in the series, Gates and Seinfeld are at the home of an average family trying to fit in with normal people. Since leaving day-to-day operations at Microsoft, Gates has continued his philanthropy and works on other projects. According to the Bloomberg Billionaires Index, Gates was the world's highest-earning billionaire in 2013, as his net worth increased by US$15.8 billion to US$78.5 billion. , most of Gates' assets are held in Cascade Investment LLC, an entity through which