Bill Gates: Why World’s Richest Parent Not Giving Money To Kids

Thu, March 20, 2014 4:28pm EST by 37 Comments 28,117 Article Views
Bill Gates Kids Money
Oli Scarff/News/Getty Images

Hopefully Bill Gates’ three children don’t have their sights set on his personal fortune, estimated to be at a whopping $76 billion. Why? Because Bill does not plan on leaving them ‘huge’ inheritances, and his reason might surprise you.

Bill Gates has a plan for his personal fortune, but it doesn’t involve any of his family members. So, where is all of that glorious money going? Find out here!

Bill Gates Won’t Leave Fortune To Kids

Bill Gates, 58, and his wife Melinda, 49, got married in 1994 and have three children together: Jennifer, 18, Rory, 16, and Phoebe, 11. Thanks to Bill’s many business ventures, including being the co-founder of Microsoft, he is worth a small fortune. No, I take that back. Bill is not worth a small fortune, he is worth a HUGE fortune. Bill is worth an estimated $76 billion. Yes, you read that correctly. Billion.

However, it was reported in 2011 that Bill’s children are set to inherit a measly $10 million each. When asked about it, Bill explained his decision at the TED conference in Vancouver, Canada on March 18.

“They won’t have anything like that. They need to have a sense that their own work is meaningful and important,” Bill said. “You’ve got to make sure they have a sense of their own ability and what they’re going to go and do.”

Bill truly is a brilliant man. Hopefully, he’s passed some of that brilliance down to his three children.

Bill & Melinda Want Their Kids To Remain Balanced

Despite being the richest family in the world, Bill and Melinda claim that they really want their children to stay balanced. This is another reason why they won’t be leaving too much of their fortune to their kids, because they want them to find their own self-worth. Bill doesn’t want his kids to be like other heirs, who squander their parents money and don’t accomplish anything.

“We want to strike a balance so they have the freedom to do anything but not sort of a lot of money showered on them so that they can go out and do nothing,” Bill explained at the conference.

The remainder of Bill’s fortune will be left to his charity, The Bill and Melinda Gates Foundation, which focuses on poor health and poverty.

Hey HollyMoms — What do you think about Bill Gates not leaving his money to his children? Let us know your thoughts below!

– Lauren Cox

More Related News:

  1. ‘RHONY’s Jennifer Gilbert Reveals Her Struggle With Her Son’s ‘Traumatic’ Disease
  2. President Obama, Elin Nordegren & Hillary Clinton Are 3 Of The Most Admired People Of 2009

Leave a Reply

To comment, please fill in the fields below, enter your comment and select the Comment button.

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

View Comment

panthor debbarma

Posted at 10:29 PM on December 18, 2014  

sir i like uuu so much ur really brilliant i want to be with you i want to talk with uuu sir plz plz accept my email plz plz please please please sir please i made new thing like uu microp sot latest sir

Share this comment at Share with Twitter


Posted at 7:22 PM on December 16, 2014  

Bill gates is supposed to be the smartest man in the world but he made a dumb move that is his own flesh and blood and what do you think that their gonna spend it on parting and stuff! How bout u give them 1 million each that’s enough and see which kid is going to use their money wisely like donating to charity and spends on only what they need so give them each a year and see who loses their money quicker and if they do see what they spend it on like if they were thowing it away or using it wisely! Don’t be dumb my dad is jerk so don’t be like that to I know ur nice!

Share this comment at Share with Twitter