Bill gates will and testament
The Road Ahead by Bill GatesThe Harvard dropout who founded Microsoft based on his vision of a personal computer in every home and on every desk offers a clearly written, accessible book which describes how the tools of the future will change the way we make choices about everything, from what we buy to how we choose our friends to how we protect our families in an increasingly complicated world. Includes a compact disc which is playable on CD-ROM and audio CD players.
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This article on finance is provided by Everplans — The web's leading resource for planning and organizing your life. Create, store and share important documents that your loved ones might need. These uber-wealthy people have a different plan in mind. You create a Will to make sure all your money, assets, and property ends up in the right hands. The ultimate decision for parents is what they should leave to their kids. For most people it's an easy call and divide everything evenly among children. But these high profile multi-millionaires and billionaires have pledged to leave little or none of their estates to their kids.
The Microsoft founder said that contrary to speculation that his three children might be put out at his decision, they are in fact very "proud" of their father's commitment to eradicating poverty through the Bill and Melinda Gates Foundation. Appearing on ITV's This Morning with Holly Willoughby and guest presenter Ben Shepherd, in a rare TV interview he opened up about his family's reaction to his pledge to leave his fortune to the world's poorest communities. He explained that his children have seen the work that is done by the foundation first-hand and are fully supportive of their father's noble philanthropic ambitions. Gates and his wife Melinda, 52, have three children together, Jennifer, 20, Rory, 17, and Phoebe, Jennifer is a second year student at the prestigious Stanford University, California, while Rory and Phoebe are still at school and live at home with their parents outside Seattle, Washington, reported the Mail Online.
Imagine your father is Bill Gates, founder of Microsoft and the second-richest person in the world, with a net worth in the billions. Before you take this reverie any further and start building your dream mansion and placing the order for a custom yacht, imagine that your inheritance is actually already pledged to charity., You'd expect the children of the world's second-richest man to have the means to do whatever they want, right?
Even though 68 percent of millennials expect an inheritance , only 40 percent of parents will probably leave them one. And while mostly the offspring of the one percent are likely to be among those who will one day inherit their parents' wealth, not all billionaires' kids will be so lucky. Many business moguls, such as Bill Gates and Warren Buffett, plan to donate their fortunes to charity instead. Instead, the couple founded the Chan Zuckerberg Initiative, an LLC dedicated to "personalized learning, curing disease, connecting people and building strong communities" around the world. But we want to do what we can, working alongside many others. Although even a fraction of the Gates' wealth will be enough to put their kids among the wealthiest individuals in the world, Bill believes it will compel them to rely on themselves. Along with fellow billionaire Warren Buffett , the Gateses also helped create the Giving Pledge in , which encourages more of the super-rich to leave the majority of their wealth to philanthropic causes.
As part of that effort, they pledged to give most of their wealth to charity during their lifetime or to commit to doing so after death. The Gates family has been making good on this pledge for nearly two decades through the Bill and Melinda Gates Foundation, which donates money in hopes of improving healthcare and bringing people out of poverty across the world, among other things. In the foundation's annual letter , released this week, Bill Gates explained why he and Melinda were giving away the Microsoft fortune. According to Bill Gates, it comes down to two reasons: The work is both meaningful and fun. Once you've taken care of yourself and your children, the best use of extra wealth is to give it back to society.