“In K-12, almost everybody goes to local schools. Universities are a bit different because kids actually do pick the university. The bizarre thing, though, is that the merit of university is actually how good the students going in are: the SAT scores of the kids going in.”

American businessman and philanthropist

Bill Gates is an American businessman and philanthropist. He is known as a pioneer of the microcomputer revolution and as the co-founder of Microsoft, which he started in 1975 with his childhood friend Paul Allen. After Microsoft went public in 1986 and its share price rose, Gates became the world’s youngest billionaire in 1987. He later topped Forbes’ list of the world’s wealthiest people for many years, and in 1999 he became the first centibillionaire when his net worth briefly passed US$100 billion.