What Will Bill Gates Be Leaving His Kids?
Imagine for a moment that you are Bill Gates child. How wonderful, right? How much do you think he would leave you after you he passes?
We've all heard in the past that Bill Gates is planning on giving almost all of his fortune to charity . . . and that he isn't planning on leaving all that much to his kids. He confirmed that in a brand new interview with a British newspaper Daily Mail.
Gates has three kids, who are currently 15, 12, and 9. When he dies, each of them will get $10 million. Because, he says, he doesn't think that more would be good for them.
On the most recent "Forbes" billionaires list, Gates' net worth was estimated at $56 billion. He's already given away $28 billion to charity.
He did say that his kids tease him about his money . . . which might be why they're not getting much of it . . . by singing that Travie McCoy song "Billionaire" to him.
In the interview, Gates also said he's chosen to focus on curing malaria and not cancer because, quote, "The world is putting massive amounts into cancer, so my wealth would have had a meaningless impact on that."
Do you think he should be leaving his kids more money?