According to a recent interview on Figuring Out With Raj Shamani, Gates plainly state that his three children -- Jennifer, 28, Rory, 25, and Phoebe, 22 -- will receive only 1% of his total accumulated wealth.
"My kids got a great upbringing and education, but less than 1% of the total wealth because I decided it wouldn’t be a favor to them,” Gates explained Figuring Out With Raj Shamani.
Further rationalizing his decision, Gates explained that another main goal with the his kids' inheritance was to strengthen his relationship with them, saying, "You don’t want your kids to ever be confused about your support and love for them. I do think explaining early on your philosophy, that you’re going to treat them all equally and that you’re going to give them incredible opportunities … but the highest calling for these resources is to go back to the neediest through the foundation.”
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