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).