Background
His father, Charles Gates Senior, bought Colorado Tire & Leather for $3,500 in 1911.
His father, Charles Gates Senior, bought Colorado Tire & Leather for $3,500 in 1911.
The company was renamed The Gates Rubber Company in 1919. lieutenant became world"s largest non-tire rubber manufacturer. Charles Gates Junior. took over in 1961, upon the death of his father.
The Gates Corporation continued to grow, diversify, and acquire other companies, including Learjet.
By 1996, the privately held Gates Corporation employed over 14,000 people. lieutenant was sold to London-based Tomkins plc that year for United States$1.1 billion.
Charles C. Gates, Junior. was trustee emeritus of the Gates Family Foundation, a large, Colorado-based charitable organization that has distributed over $147 million in grants over its 60-year history. He also sat on the boards of many other organizations, including the Denver Museum of Nature & Science, home to Gates Planetarium.
He attended Graland Country Day School, class of 1934, and endowed the school to create an invention competition called the Gates Invention and Innovation Competition.
His namesake event has been held annually since 2000.