The New York Post reported that Microsoft founder Bill Gates believes it is the right choice to leave his three children only 1% of his $101 billion worth.

“It’s not a dynasty,” the 69-year-old computer pioneer said on the “Figuring Out With Raj Shamani” podcast.

Gates said that he wanted to see his children achieve their own success. He shares his children, Jennifer, 28, Rory, 25, and Phoebe, 22, with his ex-wife, Melinda French Gates.

Gates stated that he decided not to do a favor for his children by giving them more than 1% of his total wealth.

Even so, the Gates offspring’s 1% inheritance is worth more than $1 billion.

“It’s not a dynasty. I’m not asking them to run Microsoft,” Gates continued. “I want to give them a chance to have their earnings and success. You know, be significant and not overshadowed by the incredible luck and good fortune I had.

Different families view it differently. I think that people who have made fortunes in technology are not as dynastic. They will even give away a large portion of their capital.

Gates was the first centibillionaire when he became one in 1999. He is now ranked seventh on Forbes’ list of the richest people, with a net worth estimated at $128 billion.

Gates and Melinda Gates combined three family foundations in 2000 and donated $5 billion worth of stock to create the Bill & Melinda Gates Foundation. This is the largest charitable foundation in the world.

When asked what advice he could give other parents regarding estate planning, he replied:

“You don’t want your children to be confused about the love and support you have for them. I think it’s important to explain early your philosophy that you will treat everyone equally and give them amazing opportunities.”

Gates said, “But it is the most important use of these resources to return them to those in need through the Foundation.” “They have seen the success of our foundation.” “They’re very proud.”

Melinda revealed recently that she and Bill – whom she divorced after 27 years in 2021 – let their children choose whether or not they wanted “Gates” to be their surname.

Echoing her husband’s philosophy toward the family’s wealth, French Gates told Elle: “I just tried to keep them in the real world and point things out to them as much as possible. We had real discussions about how our family was different, but you shouldn’t think any more of yourself because of that.”