Stella Dimoko Korkus.com: Bill Gates Reveals His Children Won't Get a Penny of His $81.7bn Fortune

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Thursday, 27 October 2016

Bill Gates Reveals His Children Won't Get a Penny of His $81.7bn Fortune



The world’s richest man Bill Gates has admitted he will not be leaving his £70billion fortune to his three children instead giving it away to charity when he dies.







Appearing on ITV’s This Morning the Microsoft creator, who has an estimated net worth of $81.7 billion, says his kids understand his decision.

Speaking to Holly Willoughby and Ben Shephard, the 60-year-old said: “Well, our kids receive a great education and some money but they will go out and have their own careers."
He reasoned that by allowing his children - two daughters and a son - to inherit his fortune “distorts anything” they might try to do. Gates said all three were “proud” of his decision.

The businessman-turned-philanthropist said instead of billion-dollar trust funds, the children would have their own careers.
Laughing, he added they would never go short saying “They are never going to be poorly off'.

Gates said: “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.”
The billionaire and his wife Melinda, 52, have three children together, Jennifer, 20, Rory, 17, and Phoebe, 14.
The eldest 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 a highly regarded show jumper competing nationally throughout the States.
Rory and Phoebe are understood to live at home with their parents outside Seattle, Washington.

Gates has vowed to pass on a fraction of their vast wealth to their children while the rest will go to the couple’s charity.

The Bill And Melinda Gates Foundation was set up to fund health and education projects around the world.

He said the decision to give away his money to good causes had made his children proud.

Gates added: “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.”


Culled: mirror










*I noticed that abroad most rich people do not let their kids inherit their monoey and i wonder why!..


58 comments:

Duchess; Cookies n cream, Doughnut n chin chin (The mobile snacks seller with a Bsc and an Msc) said...

Whattt!!!
I guess he's trying to ensure his kids make it on their own. In that case pls sir kindly bequeath some to me o
Yours sdkly dazzlinglizzy

peace maker said...

Good for them

Fity said...

Hian,if I hear?if na my papa be gates n I'm spew dis kain tin from I'm mouth ehhh,d rest is better left unsaid

Adanne said...

In other words, he believes in them making their own money.

becky naka said...

I like his thinking... it's also good his children understand and respect his decision. Case study *Whitney houston and Michael jack on*.

barbie micheal said...

Yes o, I noticed too... nigeria here, they will be going to court and juju upandan for one bungalow, mtcheww

charitybino said...

Bill has stated his own reason Stella.

Falcon said...

Good for him

Sista Jane said...

Wow. Oyinbo will be Oyinbo always. Very simple. Very different from we blacks. So one Naija bag of money will look his kids in d face and tell them 'u wont inherit my money' lol. Not possible. Even distant families sef will be looking forward to their own share not to talk of d kids.

Chike TEFLON said...

Bill Gates, thank God you no be naija.
If to say na naija na that cursing poster in IHN that the children go call make she curse him.

lovelace said...

The question you asked have been answered by him.

Becky Divine said...

Their kids ain't lacking sef.. suffice is to say they'll never be poor in this life even if they don't inherit everything their father have.

amanda favour said...

Na wah oh!!!
If Na naija now.....

Anonymous said...

He must be a very wicked father

AppleofGodseyeoriginal said...

Because it will vallow the children to find their course, to be more focused

Anonymous said...

Say wetin? Hmm no be children person dey labour for?

The General's Wife said...

No surprises there.
Abroad,Most of these wealthy men leave their kids nothing.Thry want them to work hard the way they did. Charities get their fortune.

I get where they are coming from though but I have always tot they are Bn a bit "unfeeling"

Suoebi(Niger delta finest) said...

Wtf all that money to sumone else pls bill gate my second name is charity come n donate it to me please

felix akheen said...

what nonsense.... !!.... mtcheeew

stephan said...

I wonder why too,while in nija even there greatgrandchildren have thier names in the Will.

marriedchick said...

he is lucky Jim iyke is not one of his children, lol... I like the fact that he wants the kids to create a name for themselves.

Anonymous said...

And Nigerians will be crying over a million naira inheritance. Many lives has been destroyed just because some who taught they deserve it were disappointed while some who got the inheritance still ends up useless. Many grown up who ends up being mummy's boy today are those who believe in what their folks have to leave or left for them. Give your kids education, the best of experience and exposure, love and mentor them to make their own wealth. I remember seeing one of Gates interviews in 2012 where he said none of his kids had a personal phone or computer at the time and he gives them a certain (peanut) weekly allowance to train them in spending wisely. It's one of a great man's attributes to encourage others to be great and independent without him. God help me

MrsBee

one of Linda's bridesmaids said...

I tire o

Tee Hills said...

If parents are leaving a lot behind, I don't think it's a bad idea for the children to enjoy the inheritance. But again that depends on the children in question. An indolent child wouldn't add any value to what's left behind, but would rather waste it on frivolities. So such a child does not deserve the inheritance.
It's a good idea to give one's kids the impression that nothing would be left behind for them so that they would begin to work hard for themselves. Then at the end, leave something for them.

Ol's Network said...

Charity cases go soon rich pass normal people... Loo

African Barbie said...

Haba, if I were his child I'll go on one month fasting and prayer so God will change his mind. That isn't fair at all o

Bianca BRUNO said...

Because them stingy pass anything Stella. Stingy kokos
If not my kids who am I working for? Government? Charity? !
Oriegwu

Bianca BRUNO said...

Am telling u.very wicked being

Kim Kardashian Aka portable queen of sdk blog said...

Oyibo way

Anonymous said...

Maybe his children are bastards.why won't you will your fortune to your children.or could be his wealth is ill gotten and he has decided to give them all to charity to appeals his soul when he dies.white people tend to do things like this when they have done something really bad in the past.am a mental health consultant,so I know what am talking about,we see lots of things like this.

Starjoy said...

If that is what he want good for him

Robyna Fenty said...

"We'll leave our kids a great education AND SOME MONEY". "Some money" may mean a couple of million dollars which is a fraction compared to what he is worth. He is giving them a great education so they wont have a problem getting a good job (with that last name that wont be a problem) and probably some shares in Microsoft. They may not inherit his billions but they and his grandkids will never lack anything.

QUEEN AMY Loves ACCESS BANK said...

Lol you say bungalow,half plot of land and see them pouring acid at each other.

QUEEN AMY Loves ACCESS BANK said...

Are you a lazy son or daughter

Jumiasalesagent contactme. said...

He doesn't need to give them all.whatever he gives them will still be more than enough..too much inherited wealth distorts normal reason and makes children uneventful and less innovative

Anonymous said...

God bless you for this comment. The most sensible comments on here.

amanda favour said...

Very very very unfair to the kids

Anonymous said...

A man I know sold all his assets before he died. It's better to avoid war in the family.

DonMayor said...

Imagine this handicap.. Lol

crystal said...

Understand ko, ni. Understand fire

DonMayor said...

Correct.

MrsB said...

'Gates has vowed to pass on a fraction of their vast wealth to their children while the rest will go to the couple’s charity.'
Of course they would get a lot of it, just not all.

Chidinma Grace said...

Wise man!

Anonymous said...

Lol. Queen Amy u are very funny

Ribenna baby said...

Dear Lord..this is the mentality I should have

Stella maris Baby said...

Seconded

Stella maris Baby said...

Speechless

Perfect Nails and Lashes, Lagos7add434d @perfectnailsnlashes said...

Exactly. He may likely leave something for them later but he wants them to work and create a name for themselves first

Anonymous said...

Lmao... barbie ooooo

Anonymous said...

Bill Gates needs to share this mindset with Naija's thieves/legislooters who have stolen our common patrimony in order to illegally enrich their decripit children and even unborn generations while the hardworking citizens stew in poverty and hopelessness. Indeed, Gates is an outstanding man in both wealth and character for which he is truly blessed. Nawa 4 black man development vision.

Anonymous said...

Bill Gates needs to share this mindset with Naija's thieves/legislooters who have stolen our common patrimony in order to illegally enrich their decripit children and even unborn generations while the hardworking citizens stew in poverty and hopelessness. Indeed, Gates is an outstanding man in both wealth and character for which he is truly blessed. Nawa 4 black man development vision.

Anonymous said...

Bill Gates needs to share this mindset with Naija's thieves/legislooters who have stolen our common patrimony in order to illegally enrich their decripit children and even unborn generations while the hardworking citizens stew in poverty and hopelessness. Indeed, Gates is an outstanding man in both wealth and character for which he is truly blessed. Nawa 4 black man development vision.

Anonymous said...

I keep repeating too many illiterates on this blog.....can't you people read? Did he say they won't get anything? This fool is even asking maybe his children are bastards...lol...Kai.....u think most people are like u Nigerians with your poverty mentality that thinks money is the end all be all....they will have enough to be comfortable in heir Daily living so what is the amassing wealth for....it is this same attitude that make us grab money when in power and keep in bank accounts abroad while masses suffer...how mush money can an I video really need to be comfortable? They don't need to inherit all his billions for his kids and grandkids to be comfortable....too many local ignorant myopic mofos on this blog......lol at your missiles that will be coming in from my comments. Bring it on

Anonymous said...

So u must think like your mumu Linda?

Anonymous said...

Shut up mumus.....go back and read...did he say they won't get anything? Do u know the amounts of shares they might have in say Microsoft that will be bringing a monthly or yearly income they can't finish? Stop using your myopic naija mentality to judge issues. His children can never go hungry. He does not have to leave all his wealth to them

Anonymous said...

Anon 3:55 u dey mind d nincompoops,dem b sheep wey dey follow dere shepard na lol

Anonymous said...

I got ur back bro. My papa no dey fear to talk dat kind shit

Anonymous said...

Besides that, leaving kids with too much money messes them up. Life is not just about money.....

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