Every year a list of the wealthiest people in the world is released by Forbes Magazine with Bill Gates and Warren Buffet as two of the top contenders. While Warren Buffet acquired his wealth by earning the nickname The Great Investor, Bill Gates climbed the economic ladder through a series of savvy business decisions made during the rise of Microsoft. With an obvious knack for recognizing financial opportunities, it would be tempting to claim these two gurus are a match made in heaven and should form a new company together, yet other factors are in play.
Warren Buffet is a wise businessman, because he recognizes good opportunities when they come along and when they are right for him. This keen insight serves him well as an investor. Accordingly, should Mr. Buffet ever foresee an opportunity with Bill Gates, he will probably approach him. In fact, he has seen this potential in the Bill and Melinda Gates Foundation, thus he has offered his wealth to this charity. Where Warren Buffet is good at making money, the Gates can give it away far more efficiently than anyone else.
Although Bill Gates is a software man, he clearly has talent when it comes to business in general as seen with the performance of his charity as well as Microsoft. This is why Warren Buffet has pledged the bulk of his riches to Mr. Gates and his wife. At the same time, it is also the reason Buffet and Gates should probably not form a new business together. Bill Gates has been successful, because he was able to focus his efforts and attention on Microsoft. Once both his prized organizations started to suffer from a lack of commitment, he needed to concentrate solely on the Bill and Melinda Gates Foundation
The reason Bill Gates left Microsoft was because his attention and ability to fully devote himself to an endeavor was split between Microsoft and his Foundation. As a lack of total leadership was hurting both organizations, Warren Buffet could not expect Bill Gates to be totally committed to a joint venture. Likewise, Warren Buffet is an investor and not necessarily an entrepreneur looking to start a new line of work while the reason he offered his fortunate to charity is because he has begun to wind down his life.
Forming a business is probably not in the cards for Warren Buffet and Bill Gates. Then again, some sort of joint venture involving investments from both individuals is more than a possibility. This venture would properly revolve around the Gates’ charity in order to provide for a social need or solidify funds for the Foundation. As social entrepreneurs, Gates and Buffet could do more to change the world. Moreover, a new business is a time consuming adventure, yet there are plenty of other social investments the wealthiest people in the world can make.