Do not leave everything in inheritance to your children

Bill Gates has been one of the 10 richest people in the world for decades. However, recently the Gates fortune Several positions have fallen into the list of millionaires, according to Forbes

That Fall in estimation of your fortune It is not because the Microsoft founder has erred in its latest investments, but to a plan that has been executing for more than two decades. Donate 99% of his fortune through the foundation he created with his ex -wife Melinda French Gates. This foundation has already donated 100,000 million dollars.

His fortune will not be his legacy. Bill Gates is only one of the best known cases of Milmillonarios who have made the decision of do not leave the fortune who have knead their children throughout their lives. He veteran investor Warren Buffett, Mark ZuckerbergMick Jagger, Lauren Powell Jobs or the Sting singer have also declared their negative to leave your empire as inheritance to their children.

In one recent interview For the BBC on the occasion of the presentation of its latest book Source Code: My Beginningsthe millionaire recognized that he was not going to leave his fortune as an inheritance. Despite leaving them only a small percentage of their fortune, now estimated at about 107,000 million dollars, the millionaire ensures that Your children will not be poor. “They won’t be,” said Gates. “In absolute terms, they will do well, but in percentage terms it is not a gigantic figure.” Indeed, 1% of something does not seem much, but 1% of 107,000 million are 10.7 billion dollars. An inheritable inheritance.

100,000 million dollars. According to the millionaire to the BBC, the Bill and Melinda Gates Foundation faced the 25th anniversary of its foundation reaching a round figure: 100,000 million dollars donated to philanthropic projects around the world. “We have donated more than 100,000 million,” says Gates, “but I still have more to give.”

The millionaire detailed that about 60,000 million of his fortune had already gone to the foundation where he works full time since he delegated the Microsoft Directorate. The remaining 40,000 million have left the third -party periodic donations, such as their friend Warren Buffett, which every year assigns several billions of dollars To the Foundation.

What the Gates Foundation declares. According to the last Public facts For the Gates Foundation, until the fourth quarter of 2023, the Foundation had donated 77.6 billion dollars and had a fiduciary capital of 75.2 billion.

Of those 77.6 billion dollars that the Gates Foundation claimed to have donated from its creation to 2023, 59.3 billion had left the Arcas de Gates. Buffett’s contribution since he began collaborating with the Gates Foundation in 2006 was 39.3 billion dollars. From these figures, there is already a lack of the foundation to publish its 2024 accounts, it follows that, in reality, Bill Gates would hardly have contributed 700 million more to its foundation during the last year, while its fortune has been reduced by about 16,000 million of dollars during the last year.

The responsibility of wealth. The founder of Microsoft said in his interview he had been very influenced by the philanthropy that his parents had exercised throughout his childhood. His mother frequently said that “wealth entails the responsibility of giving her.”

Bill Gates, inspired by his parents and Chuck Feeney Philosophyhe decided to ally with Warren Buffett to found the initiative The Giving Pledgein which several dozen Millionaires have committed to donate at least 50% of your fortune for philanthropic purposes.

Names like Mark Zuckerberg, Elon Musk, Mackenzie Scott or, the last to sign its commitment, Sam Altman, form part of this select club who believes that becoming rich must be accompanied with a commitment to society that has allowed them to get it.

In Xataka | If the question is how much money you can donate to a child without declaring it to the Treasury, the law makes it clear: none

Image | Flikr (Dfid)

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