Bill Gates will give only 1% property to his children, 99% of his wealth will go to…
Microsoft founder Bill Gates has announced that he will leave only 1% of his wealth to his children, with the remaining 99% will be utilised for philanthropic activities. Gates was once the richest person in the world, but later on his ranking went down due to the huge amount of donations. He also separated from his former wife Melinda French Gates. He also mentioned the reasoning behind his decision and stated that he wants his children to create their own identities and achieve success independently.
Bill Gates Property
According to the Bloomberg Billionaires Index, Gates’ total net worth is $162 billion (around Rs 13,900 crore). Even 1% of his wealth is very huge, that is $1.62 billion, which can still make his three children among the world’s richest individuals.
In a podcast, Gates said that his children have received excellent education and upbringing, but now they must find their own paths. “This is not a monarchy. I’m not asking them to run Microsoft. I want them to have the opportunity to earn their success,” Gates said. He previously stated that leaving his entire wealth to his children would be a “mistake.”
Who Are Bill Gates’ Children?
Bill and Melinda Gates have three children from their 27-year marriage, Jennifer Katharine Gates (28), Rory John Gates (25), and Phoebe Adele Gates (22). The couple finalized their decision to take divorce in 2021 but delayed it until their youngest child graduated from high school.
Jennifer Katharine Gates
Jennifer, the eldest, is a graduate of Columbia University in Public Health and Stanford University in Human Biology. In May 2024, she completed her medical studies at Mount Sinai’s Icahn School of Medicine, where she now practices medicine. Jennifer is also an accomplished equestrian and married fellow equestrian Nayel Nassar in October 2021. The couple has two daughters, Lila and Mia.
Rory John Gates
She was born on May 23, 1999, Rory graduated from the University of Chicago in 2022 and earned a double major and a master’s degree within four years.
Phoebe Adele Gates
The youngest daughter, Phoebe, graduated from Stanford University in June 2024. She had interest in fashion, she did an internship at British Vogue and co-founded a sustainable fashion platform, Fia, with her college roommate, Sophia Kianni. Phoebe is also active in writing and advocacy, contributing articles to Vogue and Teen Vogue. She is reportedly dating Arthur Donald, grandson of Paul McCartney of The Beatles.
The Gates Foundation
Gates has previously stated that his children would each receive $10 million as a gift and the rest of his fortune would be donated. He has planned to give his children opportunities but also ensure that his wealth will be used for the right cause and for the needy people in the world.
Most of Gates’ fortune will go to the Bill and Melinda Gates Foundation, the largest private charity in the world. The foundation focuses on global health, education, and poverty alleviation.
News