Why Bill Gates is Choosing Not to Leave 99% of His Wealth to His Children

Bill Gates, worth over $100 billion, plans to leave his three children less than 1% of his vast fortune. While that still amounts to millions per child, it's a surprisingly small fraction of what the Microsoft Corporation (MSFT) cofounder could give.

Gates' explanation is straightforward: "It wouldn't be a favor to them."
Instead of creating a "dynasty," Gates says he wants the younger Gates—Jennifer, Rory, and Phoebe—to forge their own paths. We'll get into his reasoning, along with where the rest of his wealth will go, below.

Gates’ three children will inherit less than 1% of his estimated $100 billion-plus fortune, which still translates to about a billion dollars.
Gates says that providing his children with a massive inheritance could undermine their ability to achieve their own success and develop their own identities