World’s richest man, Bill Gates, reveals why his kids won’t be able to inherit his £70 Billion Fortune and their surprising reaction: B*d Father!

Bill Gates said his three children understand why he has pledged to leave his £70billion fortune to charity when he dies.

In a revealing insight into his private life, the Microsoft founder, 60, said his children are ‘proud’ of his decision to dedicate his money to helping the world’s poorest.

Gates said that instead of billion-dollar trust funds, his two daughters and son will be given a ‘great education’ to help kick-start their own careers. 

Scroll down for video 

Revealing insight: Bill Gates, 60, said his three children are 'proud' of his decision to dedicate his money to helping the world's poorest during an interview on This Morning today (pictured)

Revealing insight: Bill Gates, 60, said his three children are ‘proud’ of his decision to dedicate his money to helping the world’s poorest during an interview on This Morning today (pictured)

Private life: Bill and Melinda Gates with their children, Jennifer, now 20, Rory, now 17, and Phoebe, now 14, who will only inherit a small fraction of their parents' £70billion fortune

Private life: Bill and Melinda Gates with their children, Jennifer, now 20, Rory, now 17, and Phoebe, now 14, who will only inherit a small fraction of their parents’ £70billion fortune

But the business mogul did say there would still be a financial safety net in place, adding: ‘They are never going to be poorly off’.

Speaking on This Morning, Gates said: ‘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 and his wife Melinda, 52, have three children together, Jennifer, 20, Rory, 17, and Phoebe, 14.

Family values: In the interview on this morning the business mogul (pictured) said there would still be a financial safety net in place, adding: 'They are never going to be poorly off'

Bill Gates on This Morning

Family values: In the interview on this morning the business mogul (pictured) said there would still be a financial safety net in place, adding: ‘They are never going to be poorly off’

Greatest gift: Gates, pictured, and his wife Melinda said their children are being given a 'great education' but want them to forge their own paths rather than rely on billion-dollar trust funds

Greatest gift: Gates, pictured, and his wife Melinda said their children are being given a ‘great education’ but want them to forge their own paths rather than rely on billion-dollar trust funds

Jennifer is in her second year at prestigious Stanford University, California, where her father donated £5million to the construction of a computer science building in his name. She is also an accomplished equestrian, riding in national competitions.

Rory and Phoebe are believed to at school and live at home with their parents outside Seattle, Washington.

The Gates will only pass on a fraction of their vast wealth to their children. 

Business leader: Bill Gates with Chancellor Philip Hammond outside Downing Street today

Business leader: Bill Gates with Chancellor Philip Hammond outside Downing Street today

The rest will go to their charity, the Bill And Melinda Gates Foundation, which funds health and education projects around the world. 

In a rare insight into family life, Gates told This Morning presenters Holly Willoughby and Ben Shephard his children are behind the decision. 

He said: ‘This money is dedicated to helping the poorest. They know that, they are proud of that, they go on trips with us to see the work that’s being done.’ 

Related Posts

LATE-NIGHT SHOCKER: Stephen Colbert SAVAGES Trump—Mocks His Brain as ‘Wet Bread’ After Bizarre Flub!

Stephen Colbert described Donald Trump‘s brain as “wet bread” on Thursday’s (June 12) episode of The Late Show as the president struggled to answer a simple question about the musical Les Misérables….

😲 Tucker Carlson Just Became a Dad Again — And Laura Ingraham’s Gift for the Baby Reveals a Secret No One Saw Coming 👶

In the quiet, tree-lined suburbs of Boca Grande, Florida, where the waves of the Gulf of Mexico whisper secrets to the shore, a new chapter has unfolded…

BOMBSHELL: Stephen Colbert STUNS Viewers With Bold Swipe at His Own Bosses Over Trump’s ‘Big Fat Bribe’!

Stephen Colbert returned from his summer hiatus on Monday (July 14) and wasted no time calling out CBS’ parent company, Paramount, for its $16 million settlement with President Donald…

😲 “Nothing Is What It Seems” — Nikki Rodriguez Finally Breaks Silence on Season 3 of My Life With the Walter Boys 💔✨

In a sun-drenched café tucked away in the bustling streets of Los Angeles, Nikki Rodriguez sits across from me, her signature warm smile lighting up the room….

Karoline Leavitt’s Mockery Backfires as Colbert’s 12-Word Retort Leaves Her Speechless for 17 Seconds!

Live television is a high-wire act performed without a net. For seventeen seconds, the world watched as someone fell, not with a scream, but in deafening silence….

Elon Musk’s Alleged Alien Contact Since 2018: SpaceX Engineers’ Chilling Claims Ignite Global Frenzy!

A bombshell claim has set the internet ablaze, alleging that Elon Musk has been in covert contact with extraterrestrial beings since 2018, with SpaceX engineers now leaking…