Microsoft founder and former CEO Bill Gates is one of the richest persons with a current net worth of $101.2 billion. However, he has no plans to leave even 1% of his fortune to his children. Gates recently appeared on Raj Shamani’s podcast where he said that they will get “less than 1 percent of the total wealth because I decided it wouldn’t be a favor to them. It’s not a dynasty.”
The tech billionaire has three children — daughter Jennifer Gates, 28, son Rory Gates, 25, and daughter Phoebe Gates, 22. “I wanna give them a chance to have their own earnings and success, be significant and not overshadowed by the incredible luck and good fortune I had,” he added.
During the podcast, Gates acknowledged that those who have built their wealth in “tech sectors are probably the most aggressive about giving most of it away”. He pointed out that “different families see [the situation] differently.”

Bill Gates’ children response to him giving less than 1% of his fortune

Shamani asked Gates whether his children have ever expressed disappointment over it, Gates replied “You don’t want your kids to ever be confused about your support for them and your love for them.”
“And so I do think explaining early on your philosophy that you’re gonna treat them all equally and that you’re gonna give them incredible opportunities but that the highest calling for these resources is to go back to the neediest through the foundation,” he further explained.
He said his kids have “seen the success of the foundation,” and he hopes “they’re very proud” of the work it’s doing.
Gates youngest daughter Phoebe Gates opened up about her fears of being seen as a “Nepo Baby,” at a podcast recently. “I was like, I have so much privilege. I’m a Nepo Baby,” she admitted, revealing the insecurities that came with her privileged background. However, she expressed a strong drive to establish her own identity, saying, “I have such a desire to prove myself.” The 22-year-old Stanford graduate teased her forthcoming venture called “Phia”.