Bill Gates has revealed the exact percentage of his $108-billion fortune he plans to leave to his children. In a recent podcast appearance, Gates explained that leaving more than 1% of his wealth would not be in their best interest, as it could “overshadow” their chances at success. He wants his kids to have their own earnings and success, rather than relying on his fortune.
Gates’ stance is influenced by his past statements about the potential pitfalls of inheriting a large sum of money. He believes that leaving too much wealth can distort children’s decisions and prevent them from creating their own paths in life.
However, Gates does plan to use some of his wealth to benefit others through the Gates Foundation, which he co-founded with his ex-wife Melinda. The foundation has seen significant success, and Gates wants his children to be proud of the positive impact it makes.
The billionaire’s transparency about his plans is aimed at avoiding any confusion among his children about his support for them. By explaining his philosophy, Gates hopes to give his kids a sense of security and understanding of their inheritance.
Source: https://www.yahoo.com/entertainment/bill-gates-revealed-exact-percentage-145828621.html