Bill and Melinda Gates may be separated, but their children are not least likely to be hurt financially by divorce.
This is because the billionaire couple has promised to give the majority of their fortune for a long time, now valued at $ 130 billion.
At various times, Gates had promised not to share the bulk of his wealth with his three children, Jennifer, 25, Rory, 21, and Phoebe, 18, 2014 TED Talk And a 2011 interview with the Daily Mail, when they said they would receive each “Small partOf their wealth, Fox Business Report.
He made similar remarks on Reddit.
“I definitely think leaving children with huge sums of money is no favor to him,” Gates said in response to a Reddit user saying whether reports suggested he was “only” $ 10 million true to his children .
He cited a story that included Warren Buffett talking about limiting the legacy since 1986 before meeting the billionaires. “It made me think about it and decide that it was right. Some people disagree, but Melinda and I feel good about it.
It is unclear whether the two still feel good about those plans.
In her divorce filing, Melinda Gates stated that a separate agreement was reached. The terms of what will be given to all three children can be written in the treaty, which may also expand that the money will come from one or both of them.
If the parameters in the agreement are not detailed, then either can decide to change the inherited amount to their children.
Typically, separation agreements do not deal with inheritance where children are concerned, Vicky Pompuridis, a family and matrimonial attorney at Kasowitz Benson Torres, Fox Business reported.
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