Over the years, Bill Gates mentioned multiple times that he would not share the bulk of his wealth with his three kids, Jennifer, 25, Rory, 21, and Phoebe, 18. He said that they would each get a “minuscule portion” of his wealth.
In a Reddit “Ask Me Anything” discussion back in 2017, Gates said that his children will only be inheriting less than 1 per cent of his fortune — which amounts to $10 million each.
He said that,
“I don’t think that amount of money would be good for them.”
He also added that,
“They will be given an unbelievable education and that will all be paid for. And certainly anything related to health issues we will take care of. But in terms of their income, they will have to pick a job they like and go to work. They are normal kids now. They do chores, they get pocket money.”
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Despite their fame and wealth, Gates details his very normal home life with his family.
“I play tennis, I play bridge, I spend time with my family. I drive myself around town in a normal Mercedes. I’ve had a Lexus. The family has a Porsche, which is a nice car that we sometimes take out. We have a minivan and that’s what we use when it’s the five of us. My eldest daughter rides horses, so we go to a lot of three-day shows. The kids are a big part of my schedule.”
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In her divorce filing, Melinda Gates said that a separation agreement was in place and that the terms of their children’s inheritance may be spelt out in that pact. It might also detail whether the money will come from one or both of them.
*Cover image via Instagram @jenniferkgates
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