Bill Gates gives kids less than 1% of their huge fortune, and that’s how “Nepo Baby” Phoebe Gates reacts

Microsoft co-founder Bill Gates revealed that he did not leave most of his big fortune to his three adult children. Gates said of Raj Shamani’s podcast that he wants his children to build their own success, rather than relying on his wealth. “My kids were well grown and educated, but less than 1% of their total wealth because I think it’s bad for them,” Gates said. “It’s not a dynasty. I’m not asking them to run Microsoft.”

It is estimated that the net worth is $101.4 billion, even for his children, his children (28), Rory (25) and Phoebe (22) have a net worth of 1%, which he shares with his ex-wife Melinda Gates.

Gates added that he wants his children to win their own achievements instead of living in the shadow of success. “I want to give them a chance to have their own income and success, which is meaningful, not covered by the luck and good luck I have,” he said.

His youngest daughter, Phoebe Gates, recently opened up the pressure to be seen as “Nepo Baby” while studying at Stanford. On the podcast, she told co-host and climate activist Sophia Kianni that she felt unsafe early in college.

“I think when you go to college, because you don’t have any experience, you have nothing to do with it,” Phoebe said.

She earned her early degree in human biology and is now working with Kianni on her fashion startup Phia. Despite her entrepreneur driving, Phoebe said her parents firmly completed their degree and then focused entirely on the business—even though her father quit Harvard and started Microsoft.

Gates explained that many tech billionaires don’t follow the idea of ​​delivering all wealth. Instead, he believes that the best resource use is through his basic feedback. “The highest call for these resources is to return to the most needed resources,” he said.