Billionaire Bill Gates has 3 children with his ex-wife Melinda French. He has a son and two daughters, 10, 10, 10, 12, 12, 12, and 12, all of whom are recovering from a drug addiction.
In the recent podcast "Figuring Out With Raj Shamani," Bill Gates shared about inheritance.
Microsoft co-founder Bill Gates plans to leave less than 1% of his assets to his children because he believes they should seek success on their own rather than inherit everything their fathers have created.
"My children were raised and educated well. They will receive less than 1% of their total assets because I think it is not in the interest of the children. This is not an era, I don't ask them to run Microsoft. I want to give my children the opportunity to make their own money and have their own success, not being overshadowed by the luck I have.
When asked if the children felt disappointed to have inherited only a small part of their father's hundreds of billions of dollars in assets, Mr. Bill Gates gave his opinion: "I don't want them to confuse the support and love I have for them."
He affirmed that he always gave his children great opportunities, but the resources he had should be given to those in need.
1% of assets seem to be a modest figure, but according to Bloomberg Billionaires Index, billionaire Bill Gates has assets of $155 billion, and 1% is about 1.5 billion USD.
Although Bill Gates' three children may not have as much wealth as their father, the inheritance could help them become among the richest people in the world.
Billionaire Bill Gates and his ex-wife Melinda Gates founded the Bill & Melinda Gates Foundation, one of the world's largest private charities. His foundation focuses on social issues affecting millions of people around the world, especially the poor and vulnerable.
In the world, Bill Gates is not the only billionaire who does not leave assets for children.
Some famous technology tycoons, such as Apple's Steve Jobs and Amazon's Jeff Bezos, prioritize charity over leaving assets for future generations.
The wife of the late billionaire Steve Jobs, philanthropist Laurene Powell Jobs, said that her three children did not inherit the billion-dollar fortune from their husbands.
