Press Esc to close

Bill Gates 'will not leave a fortune for his children'

Last updated: 20 September, 2010
London, Sept 20 (PTI) 19:17 IST

Bill Gates, one of the world's richest men, has said that he is not interested in using his billions to launch a dynasty and would not leave his fortune to his children.

The 54-year-old father of three, worth an estimated 34 billion pounds, has unleashed his planetsized brain and the extraordinary dynamism that made Microsoft the all-conquering global software giant to defeat global poverty.

Gates and his wife Melinda, 44, have three children -- Jennifer, 14, Rory, 11, and eight-year-old Phoebe. "I knew I didn't think it was a good idea to give the money to my kids. That wouldn't be good either for my kids or society. So the question was, 'Can I find something that had incredible impact?' I knew I wanted to do that," Gates was quoted by 'The Sun' as saying.

So far, Gates and his wife, through their foundation, have given away 18 billion pounds which has helped deliver vaccines to more than 250 million children in poor countries, preventing an estimated five million deaths. "In the 1960s over 20million children died a year. Now that number's down to somewhere between eight and nine million -- clearly that's incredible progress. I like to get to Africa and India at least once a year. I really like having a hands- on experience. I'm not well known in these countries."

However, as for the inheritance of his children, Gates said: "I will give the kids some money but not a meaningful percentage. Setting the number so that they need to work but they feel reasonably taken care of is hard to figure out."

Go to Top

Most trending stories
Photo Gallery
Hundreds of vehicles stranded at Jammu-Srinagar national highway as it remained closed...

Hundreds of vehicles stranded at Jammu-Srinagar national highway as it remained closed...

Prime Minister Narendra Modi receiving a memento from FICCI president Pankaj Patel at the 90th...

Prime Minister Narendra Modi receiving a memento from FICCI president Pankaj Patel at the 90th...

Tourists enjoy the weather after a fresh snowfall at Mahasu peak in Kufri near Shimla on Wednesday..

Tourists enjoy the weather after a fresh snowfall at Mahasu peak in Kufri near Shimla on Wednesday..

Prince William, Duke of Cambridge, left, and Prince Harry on the red carpet as they attend...

Prince William, Duke of Cambridge, left, and Prince Harry on the red carpet as they attend...

India's captain Rohit Sharma celebrates his double-century during the second ODI cricket match...

India's captain Rohit Sharma celebrates his double-century during the second ODI cricket match...

A leopard after it fell into a well at Bamungaon in Guwahati on Wednesday....

A leopard after it fell into a well at Bamungaon in Guwahati on Wednesday....

Prime Minister Narendra Modi, former Prime Minister Manmohan Singh, senior BJP leader LK Advani...

Prime Minister Narendra Modi, former Prime Minister Manmohan Singh, senior BJP leader LK Advani...

India's Prime Minister Narendra Modi (C) pays homage to the victims of the December 2001 parliament.

India's Prime Minister Narendra Modi (C) pays homage to the victims of the December 2001 parliament.

Bollywood actress Soha Ali Khan with mother Sharmila Tagore and sister Saba Ali Khan at the launch..

Bollywood actress Soha Ali Khan with mother Sharmila Tagore and sister Saba Ali Khan at the launch..

Sunset in Bengaluru on Wednesday...

Sunset in Bengaluru on Wednesday...

Like us on Facebook

Copyright 2017, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523
Powered by Yodasoft Technologies Pvt. Ltd.