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)
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’
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
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.’
News
In the Latest Rings of Power Episode, Mirdania’s Vision of the Unseen World Is Far Darker Than You Realize!
That vision is very sinister (Image credit: Prime Video) In The Rings of Power season 2, episode 5, Mirdania has a particularly disturbing vision while trying to forge…
What’s Lurking in Khazad-dûm? The Mystery Behind Disa’s Discovery in The Rings of Power Season 2, Episode 5 Explained!
Here’s what Disa saw (Image credit: Amazon Studios) In The Rings of Power season 2, episode 5, Disa sees something horrifying in the caverns of Khazad-dûm –…
Sorry Haters, ‘Rings of Power’ Is Here to Stay – And It’s Only Getting Bigger!
When Prime Video’s The Lord of the Rings: The Rings of Power premiered in 2022, it returned fans of the iconic franchise to the burrows of Middle-earth, with all…
The Rings of Power Just Broke My Heart Over a Character I Didn’t Even Realize I Cared About!
Warning! This article contains spoilers for The Rings of Power season 2, episode 5. I did not realize I cared about one specific character in The Lord of…
‘I’ve never shared this before’: The Rings of Power star’s deeply personal story will make you see King Durin and Prince Durin’s season 2 scenes in a different light
Exclusive: ‘I’ve dealt with people who suffer with that’ Prince Durin’s relationship with King Durin starts to sour once more in season 2 episode 5 (Image credit: Ben…
Is ‘The Watchers’ Inspired by Real-Life Folklore? Discover the Truth Behind the Scary Story!
Folktales have led to some of the most terrifying horror movies in recent years, presenting audiences with monstrous creatures and strange human behavior. These stories come from…
End of content
No more pages to load