Tech billionaire Bill Gates recently shared on a podcast that he plans to leave less than 1% of his fortune to his children, stressing the importance of them building their own paths to success.
Despite the seemingly small percentage, the inheritance still amounts to billions, given Gates’ estimated net worth of over $100 billion.
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Gates has long supported the idea of responsible wealth distribution and is a co-founder of the Giving Pledge, committing most of his fortune to philanthropy.
He believes that leaving too much money can be more of a burden than a gift, and wants his children to grow up with purpose, not privilege.
His approach echoes that of other billionaires like Warren Buffett, who also support the idea of modest inheritances for future generations.
