Microsoft co-founder Bill Gates, one of the most wealthiest men in the world, will not be leaving all of his fortune to his children.
According to The Sun, Bill Gates, who is worth around £34 billion, will instead leave the money to the Bill and Melinda Gates foundation, set up to battle poverty affecting third world nations.
“I knew I didn't think it was a good idea to give the money to my kids,” he said. “That wouldn't be good either for my kids or society. So the question was, 'Can I find something that had incredible impact?' I knew I wanted to do that.”
With the help of the his immense fortune and his global charity organisation, Bill Gates and his wife have managed to spend $18 billion to help deliver life-saving drugs to 250 million poverty stricken children, preventing approximately 5 million deaths.
Speaking to The Sun, Gates said that he had seen some heart melting sights on his travels to poverty stricken areas around the globe, prompting his decision.
Gates added that he would still be leaving some money to his three children.
"I will give the kids some money but not a meaningful percentage," he said. "Setting the number so that they need to work but they feel reasonably taken care of is hard to figure out."