bayrider Posted November 12, 2002 Share Posted November 12, 2002 http://money.cnn.com/2002/11/12/news/gates....reut/index.htm Gates says he'll give it away The world's wealthiest individual says most of his money will go to charity, not his three children. November 12, 2002: 9:39 AM EST NEW DELHI, India (Reuters) - Microsoft Corp. Chairman Bill Gates, the world's wealthiest man, said Tuesday he will pass a sizeable portion of his wealth to charity and not his three children. "I don't think it's constructive to grow up having billions of dollars," Gates said of his children at a news conference while on a four-day trip to India. "The idea that I will take a sizeable portion of my fortune and have them inherit that, I don't think that would be to society's benefit or to their benefit. I've spoken out about this before...my philosophy of giving back my wealth to society." But Gates added: "Certainly I'll make sure they are taken care of in a sense that they can live a very comfortable life." The 47-year-old's wife, Melinda, gave birth to their third child in September. The other two are ages six and three. Gates, whose fortune is estimated at $43 billion by Forbes magazine, announced a $400 million investment in India to boost education, business partnerships and software development. A Harvard drop-out, Gates built his vast fortune from the Microsoft technology empire he started from scratch. Microsoft is the world's largest software firm. Gates said Monday he will give $100 million to battle the spread of HIV/AIDS in India, which has the world's second-largest number of cases of the deadly disease. The donation -- the largest single-country grant by the Bill & Melinda Gates Foundation -- is aimed at protecting truck drivers, migrant workers and other vulnerable groups from the disease. Link to comment Share on other sites More sharing options...
tomwarren Veteran Posted November 12, 2002 Veteran Share Posted November 12, 2002 Hmm I am sure I have heard him say the exact same thing ages ago Link to comment Share on other sites More sharing options...
Tobbe Posted November 12, 2002 Share Posted November 12, 2002 Where's my money? :( Link to comment Share on other sites More sharing options...
AndyD Posted November 12, 2002 Share Posted November 12, 2002 i should write him a letter and see if he would be so kind to take of care of college loans and grad school. Link to comment Share on other sites More sharing options...
configure Veteran Posted November 12, 2002 Veteran Share Posted November 12, 2002 Thread moved to BPN forum. Link to comment Share on other sites More sharing options...
Tonny Phang Posted November 12, 2002 Share Posted November 12, 2002 i wish i also could donate as well as him.... :( :( Link to comment Share on other sites More sharing options...
OPaul Posted November 12, 2002 Share Posted November 12, 2002 Gates gives a lot of his money to charity, it's a tax write off. And there are very big inhertance taxes in the US, his children wouldn't get much of it. Link to comment Share on other sites More sharing options...
cub-x Posted November 12, 2002 Share Posted November 12, 2002 Is it wise to send India that much money for HIV research, looking at their current technology level? In other words, why wouldn't it be better to send it to a more developed country, already having a headstart on this research? Link to comment Share on other sites More sharing options...
twist Posted November 12, 2002 Share Posted November 12, 2002 Is it wise to send India that much money for HIV research, looking at their current technology level? In other words, why wouldn't it be better to send it to a more developed country, already having a headstart on this research? it's not for research, its for prevention. Link to comment Share on other sites More sharing options...
JnCoKiLLa Posted November 12, 2002 Share Posted November 12, 2002 this sin't the first time I heard that Link to comment Share on other sites More sharing options...
JrDZ13 Posted November 13, 2002 Share Posted November 13, 2002 (edited) hey i know how he can give back to society: get rid of Windows Activation. lol. Link to comment Share on other sites More sharing options...
deimos Posted November 13, 2002 Share Posted November 13, 2002 i wanna see gates donate all his money to linux development :p Link to comment Share on other sites More sharing options...
Jerichohol Posted November 14, 2002 Share Posted November 14, 2002 Is it wise to send India that much money for HIV research, looking at their current technology level? In other words, why wouldn't it be better to send it to a more developed country, already having a headstart on this research? it's not for research, its for prevention. yep it is i think its good hes doing that at least Link to comment Share on other sites More sharing options...
unique Posted November 14, 2002 Share Posted November 14, 2002 Hmm I am sure I have heard him say the exact same thing ages ago he isn't dead yet though. :blink: Link to comment Share on other sites More sharing options...
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