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World’s Richest Man Bill Gates Confirms He will only give “a little bit” of wealth to his kids and most to charity – “It’s not a favour to have them have huge sums of wealth”

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Bill Gates-inheritanceThe world’s top billionaire Bill Gates and his wife Melinda have three children – Jennifer, 20, Rory, 17, and Phoebe, 14.

He was on ITV‘s This Morning in the UK where he confirmed once again that majority of their wealth will go to charity, and only ‘a little bit’ to their kids after their demise.

“Our kids will receive a great education and some money so they will never 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. Because it distorts anything they might do, in creating their own path and this money is dedicated to helping the poorest.

They know that, they’re proud of that.”

He said him and his wife will leave ‘a little bit’ for them and buttressed that his kids follow him and his wife on charitable missions and see the impact the money has on lives.

16 Comments

  1. No chaser..

    October 27, 2016 at 3:34 am

    “A little bit” can run into multi millions. After all, Trump got a “small loan” of a million dollars, from his dad. .

  2. noni

    October 27, 2016 at 3:36 am

    Thats great Mr Gates…:) could you just give us an idea of how little a ”little bit of wealth” is? just out of curiosity 🙂 Thanks for the work you do for the Worlds Poor !!! #BlessedMan

  3. Jasmine

    October 27, 2016 at 3:48 am

    But the charity will still be controlled by the kids abi?

    Lol.

    White man and their sense.

    • Seriously

      October 27, 2016 at 2:11 pm

      Exactly. His children will still be very much involved and be in control because their father created a print that will go down generation to come. Microsoft is a lifetime invention. Even if the charity is not directly controlled by them, and they have their own careers as a teacher or an artist, they automatically have access to vast resources than an average or regular rich American. That’s the difference from just rich to creating an innovation that is evolving. The rockefeller and Carnegie’s family are not mentioned in the news like new money folks but old money is not often publicized it speaks quietly. The difference with African wealth is, it’s not built on a permanent foundation. There’s not an actual innovation that’s progressive. They just sit on the cash. We already know there are corrupt government officials but it’s sad that they can’t even build anything substantial than just buying big houses and luxurious cars with it and sending it abroad.
      Imagine with all the money Abacha and ex presidents stole that there’s an actual business with it, even if it’s privately owned but it created jobs and better living.
      The government helps people like Gates, Buffet, kochs become wealthy but it’s done in such a way that something is created that benefits everybody not just for the oligarchs, elites to just enjoy among themselves.

  4. vora

    October 27, 2016 at 4:00 am

    I like pple that think this way..give kids good education and direct dem well.let dem make thier own money..sometimes inherited wealth makes kids lazy

  5. EC

    October 27, 2016 at 7:33 am

    a fraction of your wealth has already superseded most people’s lifetime income. Go ahead men. modesty is key

  6. Adetola

    October 27, 2016 at 8:04 am

    Warren Buffet says he’ll leave most of his wealth to Bill gates and his Foundation, so add all that up and imagine how muvh is little, Leave a little money to them but make them Directors in the Company. we hear una.

    • Ray

      October 27, 2016 at 9:00 am

      Do you know he can make them directors but if they don;t have focus, sound direction and off course education they can ruin the ‘little bit’ of the money. Good one from Mr. Bill, i wish our stupid politician can emulate this, life will indeed be fair even to the poorest.

  7. omagold

    October 27, 2016 at 8:47 am

    This just show that d whites thinks differently, because they want to give back to the society n not so in dis part of d world were they scheme n cheat to kip 4 their 5th generations

    • LemmeRant

      October 27, 2016 at 9:33 am

      You too can start giving back to the society. You don’t have to wait till you’re a billionaire.

  8. isaobi

    October 27, 2016 at 9:35 am

    When you leave too much wealth for the kids you don’t train properly to have their independent careers ,they won’t be able to manage it. Then they go into drugs and other vices. Kudos to Bill Gates.

  9. Fatai

    October 27, 2016 at 10:16 am

    if na my people, it is how to ‘fap’ enough money that generations after them no go suffer and yet they will claim ‘influential family’

  10. Jax

    October 27, 2016 at 1:27 pm

    Mr. Bill Gates, My Second name is Charity. You said you will give meoat of ur wealth. How come I haven’t gotten the bank alert yet?

    • aj

      October 28, 2016 at 4:15 am

      lmaooooooooooo nice one!

  11. aj

    October 28, 2016 at 4:17 am

    Kudos to Bill and Melinda Gates! These children are set for life!

  12. Fleur

    October 28, 2016 at 4:28 am

    See debate…

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