How would you feel if your parents were worth over $100 billion… and only left you less than 1% of it?
That’s exactly what’s happening with Bill Gates, who recently revealed on a podcast that his three kids won’t be inheriting much of his massive fortune. Gates, whose net worth is estimated at $101.2 billion, told host Raj Shamani that his children will receive less than 1% of that amount.
Now, to be fair, 1% of $100 billion is still around $1 billion — which definitely doesn’t qualify as pocket change. But Gates says it’s about more than money.
“In my case, my kids got a great upbringing and education but less than 1% of the total wealth because I decided it wouldn’t be a favor to them,” Gates said. “It’s not a dynasty, I’m not asking them to run Microsoft.”
The tech mogul and philanthropist, who shares three kids with ex-wife Melinda Gates (ages 22, 25, and 28), says he wants his children to build their own lives, careers, and success — not coast on their last name.
Instead, the majority of his wealth will continue to be funneled into the Bill & Melinda Gates Foundation, which focuses on global health, education, and poverty.
“The highest calling for these resources,” Gates said, “is to go back to the neediest through the foundation.”
So… is that super inspiring or kind of brutal? Let us know what you would do with $100 billion. 💰