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Gates was born in Seattle, Washington. He is the son of William H. Gates and Mary Maxwell Gates.
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Gates announced that he would transition out of his day-to-day role over the next two years to dedicate more time to philanthropy. He divided his responsibilities between two successors, placing Ray Ozzie in charge of day-to-day management and Craig Mundie in charge of long-term product strategy.
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Since leaving day-to-day operations at Microsoft, Gates continues his philanthropy and works on other projects.