Who are Bill and Melinda Gates' children? Here's how much fortune Jennifer, Rory and Phoebe stand to inherit
One would assume that as the children of billionaire parents, the Gates' kids must be rolling in wealth and living a very spoiled life, however, in reality, that's far from the truth
Bill Gates and his wife Melinda Gates announced their divorce after being married for 27 years. The couple released a statement on May 3 revealing their decision to end their marriage on their respective social media pages. The statement reads, "Over the last 27 years, we have raised three incredible children and built a foundation that works all over the world to enable all people to lead healthy, productive lives. We continue to share a belief in that mission and will continue to work together at the foundation, but we no longer believe we can grow together as a couple in this next phase of our lives." "We ask for space and privacy for our family as we begin to navigate this new life."
The billionaire couple shares three children together. If you're curious to know who the couple's children are and how much would they be inheriting from their billionaire parents, then we got you covered.
Who are Bill and Melinda Gates' children?
Following their marriage in 1994, the couple had three children: Jennifer, 25, Rory, 21, and Phoebe, 18. One would assume that as the children of billionaire parents, the Gates' kids must be rolling in wealth and living a very spoiled life, however, in reality, that's far from the truth. Bill and Melinda have been very open and vocal about raising their children differently. Although their father might be a tech giant, the trio wasn't allowed to have cell phones until the age of 14! Bill and Melinda claimed that they wanted to ensure their children had a good character and values instilled in them.
The oldest daughter of Bill and Melinda Gates is a medical student. She graduated from Stanford University in 2018 with a human biology degree. Since then she has gone on to attend a medical school in New York City. In January 2020, she was engaged to Nayel Nassar, a professional Egyptian equestrian. Jennifer is quite passionate about making the world a "better place", as reported by Express. She reportedly once said, "I was born into a huge situation of privilege, and I think it's about using those opportunities and learning from them to find things that I'm passionate about and hopefully make the world a little bit of a better place."
Rory is the only son of the billionaire couple. According to the publication he is believed to be studying law. On his 18th birthday, Melinda penned a beautiful birthday message for him, where she praised her young son's love for puzzles and his support of feminism. She wrote, "Rory is compassionate and curious. He’s intelligent and well-read and deeply informed about the wide range of issues that interest him. He’s a great son and a great brother. He’s inherited his parents’ obsessive love of puzzles. But one of the things that makes me proudest is that Rory is a feminist.”
The youngest daughter of the billionaire couple is the alum of The School of American Ballet, and Juilliard School. In an old heartwarming post shared by Bill on his Instagram, he revealed her love for reading books. He wrote, "My daughter Phoebe and I love reading all kinds of books and are big fans of @johngreenwritesbooks. We both couldn’t put down his new novel, “Turtles All the Way Down,” which tells the story of a young woman who tracks down a missing billionaire. Here’s what Phoebe had to say about the book: “For years I have been a loyal John Green fan—devouring his novels in the back of coffee shops, while traveling, and curled up on my couch. Something about the imagery of his books makes me get caught up in the fantasy of his stories, but “Turtles All the Way Down” hit closer to home for me than the rest.”
How much will the Gates children inherit from their parents?
It might come as a shock to many to know that the three children won't be inheriting their parents' massive fortune but instead will receive only a small portion of it. According to reports, each of the children will be inheriting $10 million from their parents. While this may not seem like a small amount, it pales in comparison to the $130 billion fortune their parents have. In case you're wondering what the Gates children aren't inheriting the entire fortune, then the answer is Bill and Melinda are giving most of their money away to charities. In a TED talk, Bill explained, "We want to strike a balance where they have the freedom to do anything but not a lot of money showered on them so they could go out and do nothing."
The Gates family has a net worth over $100 billion. When it comes to their separation, it could even beat the record for the largest divorce settlement to date. The largest settlement ever was recorded when Amazon founder Jeff Bezos, the world’s wealthiest man, finalized a divorce from MacKenzie Scott for about $36 billion.