The world’s richest man Bill Gates has admitted that he will not be leaving his £70billion ($81 billion) fortune to his three children when he dies.
Speaking on ITV’s This Morning, the 60-year-old Microsoft creator, who said the money will instead be given away to charity, said:
“Well, our kids receive a great education and some money but they will go out and have their own careers.”
“They are never going to be poorly off’.
“It’s not a favour to kids to have them have huge sums of wealth. It distorts anything they might do, creating their own path.”
He then told Holly Willoughby and Ben Shephard, that the decision to give away his money to good causes had made his children proud.
“This money is dedicated to helping the poorest. They know that, they are proud of that, they go on trips with us to see the work that’s being done.”