Bill Gates, the co-founder of Microsoft and one of the world’s wealthiest individuals, has made a surprising decision regarding the fate of his vast fortune. In a recent interview with the daily O Globo, Gates revealed that he will be transferring 99% of his wealth to someone he refers to as his “fourth son,” while his immediate heirs will receive less than 1%.
His three children, Jennifer, Rory, and Phoebe, will be inheriting a relatively modest sum of “just US$10 million each,” as stated by Gates and his ex-wife Melinda French. Although this may seem like a substantial amount, especially for most people, it pales in comparison to their father’s enormous wealth. What was once considered a “small” fortune is now valued at approximately R$50 million.
Gates believes that having an excessive amount of money does not necessarily benefit children. In fact, it can often hinder their ability to forge their own paths and create their own successes. Instead, he envisions his children acquiring a good education and a modest sum of money, giving them the opportunity to start their own successful careers. With a net worth of $124.5 billion, or nearly R$617 billion, Gates’ children stand to receive a considerable sum, but there is still a significant portion of his wealth that will be allotted elsewhere.
According to the Wall Street Journal, the Bill & Melinda Gates Foundation, whom Gates refers to as his “fourth child,” will receive 99% of his philanthropic bequest. The foundation’s mission is centered around the belief that everyone deserves the opportunity to live a healthy and productive life. The organization focuses on various themes, including innovation, reducing infant mortality, enhancing food security, addressing climate change, and preventing future pandemics.
While Gates’ decision to allocate the majority of his wealth to the foundation may come as a surprise to some, it aligns with his long-standing commitment to philanthropy and improving the lives of others. “We believe that everyone should have the chance to live a healthy and productive life,” he and Melinda stated in an earlier interview.
As for Gates’ immediate heirs, the question remains as to who will ultimately succeed him. Jennifer, the eldest, recently earned a master’s degree in public health from Columbia University after studying biology at Stanford. She is also a mother, having welcomed a daughter from her marriage to Egyptian knight Nayel Nassar a year ago.
Rory, the middle child, is an impressive academic achiever. In just four years, he completed a master’s degree and a double major at the University of Chicago. Melinda described him as “intelligent, educated, and feminist” during an interview.
Phoebe, the youngest of the Gates children, is a devoted feminist and reproductive rights activist who is currently attending Stanford University. She is in a relationship with Arthur Donald, an investor and the grandson of Sir Paul McCartney.
In conclusion, Bill Gates’ decision to leave the majority of his wealth to the Bill & Melinda Gates Foundation showcases his commitment to philanthropy and creating a lasting impact in the world. While his children will receive a more modest inheritance, Gates believes that providing them with the necessary tools, such as education and a modest sum of money, will empower them to create their own successful careers. As Gates’ legacy continues to unfold, the world eagerly awaits the next chapter in the Gates family story.