Bill Gates says his children understand why he won’t leave ‘huge sums’ of wealth for them

Gates explained that his two daughters and son will be given a "great education" to help launch their own careers.

By: Express Web Desk | New Delhi | Published:October 29, 2016 12:46 pm
Bill Gates, Bill Gates money, Bill gates worth, Bill Gates wealth, Bill gate net worth, Bill Gates Charity, Bill Gates foundation, Microsoft, Microsoft worth, Microsoft net worth Philanthropist and co-founder of Microsoft, Bill Gates (AP Photo)

Microsoft founder Bill Gates on Thursday offered a rare insight into his private life as he discussed the decision to donate most of his over $81.7 billion worth of wealth to charity, and not to his children. According to a Daily Mail report, in a televised interview on This Morning, Gates said that his children are “proud” that his wealth would go to the Bill And Melinda Gates Foundation, which funds health and education projects around the world and focuses on reducing poverty.

Gates later explained that his two daughters and son will be given a “great education” to help launch their own careers, but added that his children would never go poorly off as he would ensure that there is a financial “safety net” for them.

“Our kids will receive a great education and some money so they are never going to be poorly off but they’ll go out and have their own career. It’s not a favour to kids to have them have huge sums of wealth. It distorts anything they might do, creating their own path,” Gates was quoted saying.

Gates and his wife Melinda have three children together, Jennifer (20), Rory (17) and Phoebe(14).

 

 

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  1. a
    ali.nedaie
    Oct 29, 2016 at 4:56 pm
    what you are going to do or have done with your wealth is beyond admiration and shows your generosity and your kind attention towards the people in need and also for research in areas in mankind's needs ,but I have some suggestions which I state them in brief.lt;br/gt;1-the fact that you have been successful in business, does not mean that your children will have the same success in their business and their lives..As your father may not have been as successful as yourself.lt;br/gt;2- As said, future's not ours to see .there could be all kind of crisis ahead .therefore, considering the fact that you are the cause of your children being in this world they should have enough to start a business of their own and if failed other sources however limited be available to them to try again.lt;br/gt;3-God promotes mankind in helping one another especially those close to you such as your family, your relatives and the orphans in the first place and then other people .But God also states that your hands in giving away your wealth should neither be too tight nor too open as a safe precaution for yourself not getting into trouble.lt;br/gt;4-also suggest your contribution to the needy people and Research and Developement be monitored and controlled so carefully so that it will reach those really in need and for the projects which helps the mankind the most. lt;br/gt;You may have considered all said above. please excuse me if i have said anything that you may have not liked to hear.lt;br/gt;May God bless you and I wish you happiness , long and healthy life ahead of you and may God awards you the best in the life hereafter
    Reply
    1. A
      anand
      Oct 29, 2016 at 9:18 am
      living god best person of the cenutary.wonderul thoughtslt;br/gt;slap and shame to indian billinoares. greedy and hartless. doing petty charitry to avoid criticism running fast to make young children directors and ceo. shame on children alsolt;br/gt;bill gate you are better than many so called gods. god bless you
      Reply
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        ashok
        Oct 29, 2016 at 9:42 am
        In India, as Ratan Tata has exhibited, even philanthropy is the foundation for playing hardball in the boardroom.
        Reply
        1. Y
          YogiOne
          Oct 29, 2016 at 5:52 pm
          You mean Bill Gates is not going to let his kids grow up to be spoiled brats with a 20-second attention span who can pay to have their names slapped on big projects, get married a w slew of times, bankrupt several businesses due to mismanagement, and then run for president?lt;br/gt;lt;br/gt;Amazing...
          Reply