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My children will not inherit my wealth- Bill Gates
Former richest person on earth and Microsoft founder Bill Gates, has said his children will not inherit his enormous wealth as they have been trained and well educated to purse their individual career and pursue success.
With a net worth of more than $107.8 billion, Gates is still one of the richest people in the world today.
Although he is known for his philanthropic works and as an author, he believes that wealth and success are something that should be earned by people instead of being inherited. And so, he wants his children to made a career of their own instead of inheriting his wealth or being overshadowed by his success.
Bill Gates has three children with his ex-wife Melinda French, namely– Jennifer Gates Nassar, Rory Gates, and Phoebe Gates.
Sharing his views on not being in favour of distributing his wealth among his children, Bill Gates told Raj Shamani in an interview, “Well, I think everybody gets to decide on that. In my case, my kids got a great upbringing, education, but less than 1% of the total wealth because I decided it wouldn’t be a favour to them. It’s not a dynasty. I’m not asking them to run Microsoft. I want to give them a chance to have their own earnings and success, be significant and not overshadowed by the incredible luck and good fortune I had.”
Elaborating his views, Gates furthers said, “Different families see that differently. I think the people who’ve made fortunes from technology are less dynastic and so they’ll even take their capital and give a lot of that away. You can have the view of giving away your capital or just giving away your earnings. And, of course, I love all philanthropy, but the tech sector is probably the most aggressive about giving most of it away.”
Bill Gates’ business empire
Gates co-founded Microsoft, which made $212 billion in revenue in 2023. His investments extend beyond tech, including stakes in Canadian National Railway,
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Breaking: Court of Appeal rules in favour of Turaki -led PDP candidate for Osun governorship election
The Court of Appeal, Abuja Division, on Thursday, ruled that the Peoples Democratic Party, PDP Gubernatorial Candidate in Osun State was validly nominated by the Tanimu Turaki-led National Working Committee.
The court also ordered INEC to list the PDP logo on the ballot ahead of Saturday’s gubernatorial election.
The Court held that access code is neither a creation of the Constitution nor the Electoral Act; rather, a creation of INEC’s guidelines and cannot, in any way, override the provisions of the Constitution.
Section 288 of the Constitution does not specify the method for nominating candidates; it only states that the names of candidates should be forwarded to the Commission.
The court further held that the defendant (INEC) should take steps to include the name of the appellant on the ballot paper.
Additionally, the court ruled that the primary election conducted by the Tanimu Turaki-led National Working Committee (NWC) of the PDP was a valid primary election in law.
The three-man panel of justices—Justice Mahmud, Justice Jaro, and Justice Ankawere, was unanimous in its judgment.
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Breaking: NHRC sets up situation room to monitor and document hate speech, intimidation, threat to life ahead 2027
The national Human Rights Commission, NHRC, has set up a situation room to monitor and document all incidences of hate speech, intimidation and threat to life by politicians and other actors ahead of the 2027 general election.
The National Human Rights Commission (NHRC) has expressed concerns over rising incidences of hate speech, intimidation and outright threat to life by highly placed individuals, especially politicians and religious leaders.
The Executive Secretary of the Commission, Chef Tony Ojukwu, SAN, revealed this on Thursday in Abuja at a press conference.
He said the situation room would enable the Commission harvest data, analysis and document persons, agencies and others involved in the negative statements in order to ensure they are properly tracked and brought to book by relevant agencies.
Ojukwu also took journalists on a tour of the newly set up situation room.
Details later…..
News
Breaking: NHRC expresses concern over rising incidences of hate speech, threat to life ahead 2027 elections
The National Human Rights Commission (NHRC) has expressed concerns over rising incidences of hate speech, intimidation and outright threat to life by highly placed individuals, especially politicians and religious leaders.
At a press conference in Abuja Thursday, the Executive Secretary of the Commission, Chef Tony Ojukwu, SAN, recalled statements credited to Senator Francis Fadahunsi and Sheikh Yahya Jingir and described the das dangerous with capacity to set the nation ablaze.
He called on politicians, religious and traditional rulers, among other stakeholders to call their supporters and faithful to orders.
He urged government to act before rhetorics turn to violence, saying the forthcoming election in Osun State should serve as example of Nigeria’s capacity to conduct political contest in compliance with international best practices.
Details later…..
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