Business · Companies · 6 hrs ago
Bill Gates says his children will receive less than 1% of his wealth
Bill Gates says his three children will receive less than 1% of his wealth.
He said he wants them to build their own earnings and success rather than be overshadowed by his fortune.
Gates has estimated his wealth at about $115 billion, so 1% would be roughly $1.15 billion.
Divided equally among his children, that would be about $383 million each.
Gates has said he plans to give virtually all of his wealth to the Gates Foundation, which he and Melinda French Gates founded in 2000.
He says he wants his wealth to help reduce suffering and improve lives.
The sources do not give a timeline for when the money will be distributed.
Bill Gates says his three children will receive less than 1% of his wealth.
He said he made that decision because leaving them more would not be a favor to them.
Gates said he wants his children to build their own earnings and success without being overshadowed by his fortune.
He plans to give virtually all of his wealth to the Gates Foundation.
- Who
- Bill Gates and his three children: Jennifer, Rory and Phoebe.
- What
- Gates says his children will receive less than 1% of his wealth.
- When
- He made the comments in an interview last year, according to the article.
- Where
- Not stated.
- Why
- Gates said he did not think leaving his children more would be a favor to them, and wants them to have a chance to succeed on their own.
This story does not have two clearly opposing sides.
Bill and Melinda French Gates founded the Gates Foundation.
Gates said in a social media post that he planned to give virtually all of his wealth to the foundation.
Gates discussed his children's inheritance in an interview with entrepreneur and podcast host Raj Shamani, according to the article.
Yahoo Finance published the article about Gates's inheritance plans.
- Children
- Jennifer, Rory and Phoebe
- Inheritance share
- Less than 1% of Gates's wealth
- Estimated fortune
- Roughly $115 billion
- Foundation
- The Gates Foundation, founded in 2000
- Article publication
- 2026-10-12
What people are saying
my kids got a great upbringing, education, but less than 1% of the total wealth because I decided it wouldn't be a favor to them.
give them a chance to have their own earnings and success, be significant and not overshadowed by the incredible luck and good fortune I had.
As I look to the future, I plan to give virtually all of my wealth to the foundation. I will move down and eventually off of the list of the world's richest people.
Sources
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