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Bill Gates to leave a Legacy of only USD 10 M to His Children | |
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| Time: 02:16 EST/07:16 GMT | News Source: Bink.nu | Posted By: Joshua Baer | ||
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American billionaire Bill Gates, the founder of Microsoft, intends to leave a legacy of only USD 10 M to his three children, and the rest of his assets to be given for charity activities. "I don’t think it would be very useful for my children if they learn about life having so much money," explained Bill Gates. At the moment the capital of Bill Gates accounts to USD 46 B. | ||
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| #1 By 10 (207.179.208.149) at 1/27/2004 9:13:20 AM |
|
if my dad left me 3.3 million i'd wet myself..lol :P This post was edited by Tegument on Wednesday, January 28, 2004 at 09:06. |
| #2 By 135 (209.180.28.6) at 1/27/2004 11:02:51 AM |
|
That the parent who leaves his son enormous wealth generally deadens the talents and energies of the son, and tempts him to lead a less useful and less worthy life than he otherwise would, seems to me capable of proof which cannot be gainsaid.
- Andrew Carnegie The Advantages of Poverty |
| #3 By 7754 (216.160.8.41) at 1/27/2004 12:10:39 PM |
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" The world would be a much better place if we had more children like Paris Hilton."
If I had a nickel for every time I heard that.... :) |
| #4 By 3 (81.96.64.189) at 1/27/2004 12:28:48 PM |
| i'd be happy with a few hundred |
| #5 By 13030 (198.22.121.120) at 1/27/2004 1:18:49 PM |
| #3 - The same conclusion was reached by the research conducted by Thomas Stanley and William Danko for their books "The Millionaire Next Door" and "The Millionaire Mind". |
| #6 By 9156 (192.55.140.2) at 1/27/2004 1:27:42 PM |
| 10 million, divide by 3 = 3.33 each child, inflation at 2.8% annually for 35 years means when the kids are mid life the 3.33million will be worth about 1.5 million in today’s money....divide that by 30 years and its an annual income $50,000 for 30 years. $50,000....isn’t that much. I think its a good amount. It will make life easier as mentioned...but working for a living will be a must. Granted, thrown into Roth IRA for 30 years instead...that would make life easy. |
| #7 By 2 (24.239.194.253) at 1/27/2004 5:41:36 PM |
| lol #11 |
| #8 By 3653 (209.149.57.116) at 1/27/2004 8:52:42 PM |
|
If I were his kid, and only getting $10M (I think its $10M each, not 1/3 of that)... I'll tell you what I'd do. It would be my MISSION to convince dear old daddy to change his mind. Pull out all the stops. "Goodnight son, I love you" says Bill. "FU Daddy" - would be my reply. Eventually, he'd crack and I'd have the cash.
Anyway, do you really think they are going to liquidate everything? No way! That house alone is $50M or so. |
| #9 By 7390 (63.211.44.114) at 1/28/2004 6:36:03 AM |
| Keep in mind that their mother is also a millionaire and more than likely they probably already own shares MSFT et al. So, by the time that Bill is gone they won't need his $10 million. |
| #10 By 282694 (94.23.244.108) at 12/19/2009 3:06:16 PM |
|
Hi everone
If you ever wanted to give your children and loved one or some one staying far from you, that special surprise christmas gift then here is the chance. If you are in USA or Canada then Just go to http://bit.ly/4Qbrs2 and you can order custom made gifts delievered to you by Santa :) Happy Christmas to you all. Have lots of fun. :) |
| #11 By 282888 (94.23.244.108) at 12/19/2009 3:06:16 PM |
|
Hi all
If you ever wanted to give your children and loved one or some one staying far from you, that special surprise christmas gift then here is the chance. If you are in USA or Canada then Just go to http://bit.ly/4Qbrs2 and you can order custom made gifts delievered to you by Santa :) Happy Christmas to you all. Have lots of fun. :) |
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