This article was originally published on Techytwist.com
Many view inheritance as the express lane to wealth, a genetic stroke of luck from the moment of birth. However, that isn’t the case for many of the rich and famous… Some of the world’s wealthiest individuals shun the notion of bequeathing their riches to their children.
In a departure from the conventional “keep it all in the family” approach, a select group of affluent luminaries harbor a grander vision for their family’s legacy. Their strategy entails a deliberate reduction in the financial lifelines passed down to their offspring, compelling them to chart their own paths through diligence and individual merit. In some instances, these high-profile figures have gone to the extreme of completely disinheriting their family…
#1: Bill Gates
Known as: Founder of Microsoft
Net Worth: $106.8 billion
Children: 3
In 1975, Bill Gates left Harvard to co-found Microsoft with his childhood friend, Paul Allen. Few could have foreseen that Gates would become a millionaire at 26, let alone the world’s richest person for much of the past two decades.
Now, with a fortune exceeding $100 billion, Bill is dedicated to using his wealth as a catalyst for global philanthropy through the Bill and Melinda Gates Foundation. Together he and his ex-wife have committed over 99% of their legacy to charitable causes and encourage other billionaires to follow suit through The Giving Pledge. However, they’ve also earmarked a modest $10 million for each of their three children.