Bill Gates, who is worth an estimated $101.2 billion, has stated that he plans to leave less than 1% of his total wealth to his three children. He believes that giving his children a small fraction of his fortune would not be a favor to them, as he wants them to have their own opportunities to earn and succeed. Gates clarified that he is not creating a dynasty and does not expect his children to take over Microsoft. Instead, he wants them to have their own independence and not be overshadowed by his wealth.
Gates explained that different families have different views on inheritance, but he believes that those who have made fortunes from technology are less likely to leave a large portion of their wealth to their children. He mentioned that many technology moguls will give away a significant portion of their capital to charitable causes. The billionaire emphasized the importance of explaining his philosophy to his children early on, so they understand that the highest calling for their resources is to help those in need through the Gates Foundation, a charity he founded with his ex-wife Melinda in 2000.
Bill and Melinda Gates announced their split in May 2021 after 27 years of marriage. They released a joint statement revealing their decision to end their marriage while continuing to work together at the foundation they built. Their divorce was finalized in August 2021, and Melinda later opened up about the reasons behind the break-up. She explained that it wasn’t due to one specific event but rather a point in time where she realized the relationship was unhealthy and lacking trust.
In March 2022, Melinda further elaborated on the end of her marriage, stating that it was a difficult decision and a lengthy process. Bill also shared his thoughts on the divorce, describing it as a hard adjustment since they had many positive aspects to their relationship, including their children, foundation work, and mutual enjoyment. He highlighted the significant change from being partners who grew up together to now being divorced and navigating a new chapter in their lives.
Despite their divorce, Bill and Melinda Gates continue to share a belief in their mission to improve global health and well-being through their foundation. They ask for privacy and space as they move forward separately and focus on their individual endeavors. The couple’s decision to split their fortune and continue their philanthropic work together demonstrates their commitment to making a positive impact on society and addressing global challenges through their charitable efforts.
