For some of us, we yearn to create something worthwhile and be able to leave a tangible legacy for our children. If we are capable of such achievement that we can leave something behind to make the life of our offsprings easier, we would.
So, it was, therefore, a surprise when the richest man in the world, Bill Gates proclaimed that he will not be leaving a penny for his children.
The Microsoft creator who spoke with Holly Willoughby and Ben Shephard on ITV said he will not be leaving his £70billion fortune to his children. Instead, he plans that the money will go to charity after he dies.
“Well, our kids receive a great education and some money but they will go out and have their own careers,” he said during the interview. He also added that if his children inherit his fortune, it might distort anything they planned to do with their lives.
Gates also made his known that his family, including his children, understand and are proud of his decision. He is, however, confident that his children will never go broke.
Interesting idea. If you amass great wealth, would you consider giving it all away when you die as opposed to passing it on to your living family?