Bill Gates & Melinda Gates' 3 children won't inherit family wealth, here's the reason why

children of Bill and Melinda Gates, who announced ir divorce on Tuesday, will not inherit ir parents' entire vast fortune that as per Forbes is estimated to be worth $130.5 billion. couple, who were married for over 27 years, has three children, Jennifer Katharine Gates (25), Rory John Gates (21), Phoebe ele Gates (18). couple said in a statement, “We have raised three incredible children and built a foundation that works all over world to enable all people to le healthy, productive lives...We ask for space and privacy for our family as we begin to navigate this new life.” 

Why won’t Gates children be inheriting ir parents’ fortune?

It has been long known that Gates children will not be inheriting entire wealth of ir parents; Gates in 2014 h also announced at a TED Conference in Cana that most of his fortune would be given to family’s foundation.

After announcing donation of a major chunk of his wealth to Gates Foundation in 2014, three years later, Microsoft co-founder said that his three children would inherit US$10 million each. At time, he h reportedly said, “I definitely think leaving kids massive amounts of money is not a favour to m. Warren Buffett was part of an article in Fortune talking about this in 1986 before I met him and it me me think about it and decide he was right.”

It was in 2017 on a Reddit Ask Me Anything segment on social network, that Microsoft co-founder ded that his children will get less than 1% of his fortune, that includes properties in five states, a private jet, an art collection and a fleet of luxury cars.

Who are Bill Gates' Children?

former couple’s three children include Jennifer, Rory, and Phoebe, with ir d being fourth richest person in world. Gates family was based in Seattle when children were younger and reportedly all three were not allowed to have a phone until age of 14. As per reports and ir social media accounts, Jennifer is a horse lover and has competed professionally in equestrian. 

Presently, eldest daughter of Bill and Melinda Gates is now a medical student in New York City after she gruated with a degree in human biology from Standford University in 2018. Jennifer is also engaged to Nayel Nassar, who is a professional Egyptian equestrian rider and also a Stanford gruate.

Meanwhile, Melinda has described her son Rory as ‘compassionate, curious, intelligent, well-re and deeply informed’. As per her article for Time magazine on her son’s 18th birthday, Rory has also incorporated family’s inclination to solve puzzles. Melinda also said that 21-year-old is a feminist and a great son and bror. Phoebe has studied at School of American Ballet.

Meanwhile, 25-year-old asked her followers on Instagram for privacy as family navigates “challenging” time. In an Instagram story, that expires in 24 hours, Jennifer said that she is still learning how to best support her own process and emotions and that she is grateful for having space to do same. However, 25-year-old denied commenting any furr on “anything around separation” of her parents but noted her followers’ kind words and support “mean world” to her.

Image credits: @Jenniferkgates/Instagram