Photo Credit:&nbsp;Lukasz Kobus,&nbsp;Creative Commons Attribution 4.0
Bill Gates recently opened up about how much of his vast fortune his children will inherit after his death. During an appearance on the Figuring Out with Raj Shamani podcast, the Microsoft co-founder shared that his three children would receive only 1% of his wealth. Despite the small percentage, it will still amount to over a billion dollars.
&ldquo;My kids got a great upbringing and education, but they will receive less than 1 percent of the total wealth because I don&rsquo;t think it would be helpful to them,&rdquo; said Bill. He has three children&mdash;daughters Jennifer (28) and Phoebe (22), and son Rory (25)&mdash;with ex-wife Melinda French Gates.
Currently, Gates' net worth stands at $102.2 billion, according to Forbes' 2025 Billionaire List. His reasoning for not leaving them a larger inheritance? He doesn&rsquo;t want them to be burdened by his fortune. &ldquo;I&rsquo;m not expecting them to follow in my footsteps. I&rsquo;m not creating a dynasty,&rdquo; he added. "They should have their own chance to earn success without being overshadowed by my own."
While Bill Gates is committed to giving his children opportunities, he also explained his philosophy of wealth distribution. He&rsquo;s dedicated to giving the majority of his wealth to charity, particularly through the Gates Foundation. &ldquo;The highest purpose of my resources is to support the neediest, and I want my kids to understand that.&rdquo;
Gates, who has pledged to give away the majority of his fortune to address global social issues, has been donating approximately $9 billion a year. He also stated that he aims to no longer be one of the wealthiest individuals in the world within the next 20 years. &ldquo;I have more than enough money for my own consumption,&rdquo; Gates shared. &ldquo;I&rsquo;ll be proud when I&rsquo;m no longer on the list.&rdquo;
Earlier, Gates had emphasized his commitment to giving "virtually all" of his wealth to the Gates Foundation, which he co-founded with Melinda in 2000. "I feel an obligation to use my resources in ways that will have the most significant impact on reducing suffering and improving lives."

On Air Now

Non-Stop Music

You May like

Schedule

Non-Stop Music