Bill Gates says his children will inherit ‘less than 1%’ of his wealth

• Microsoft cofounder Bill Gates plans to leave his children less than 1% of his wealth, believing it’s better for them to find their own success rather than inherit vast fortunes. This trend is common among influential tech families, including Apple founder Steve Jobs and Jeff Bezos, who say they prioritize philanthropy over passing down generational wealth.

Like a handful of other billionaires, Bill Gates is open about the fact that his children won't inherit the vast majority of his wealth.