Jennifer Gates will NOT inherit her father's billion dollar fortune

Not ONE PENNY!

Why do all these rich American, European and South American heiresses, always end up engaged to Middle Easterners?

This Gates girl, Janet Jackson, Princess Beatrice, that South American brewery heiress....

Bunch of suckers, they are.

Because they're ugly or average at best and the Middle Easterners are trying to marry into upper class society.

I love how Bill Gates says his kids will have to make their own way - while buying them million dollar homes and setting them up in their business ventures.

Shameful.

It gives the impression the kiddies didn’t give into his sexual demands at some point...

I guess to him R3, a million dollar home and a small business, is practically nothing.

He's worth 100's OF BILLIONS OF DOLLARS.

Most of us would never see that much money in 1000 lifetimes.

I appreciate that he's tough, but fair with his kids.

She’ll be fine.

So the daughters of Gates, Jobs, and Bloomberg are all coincidentally top-notch equestrians? How are they not embarrassed?

Nayel Nassar is kind of goofy looking.

What's his back story? How did he even meet Bill Gates' daughter?

Sounds like a grifter, to me.

Andrew Carnegie was a proponent of using one's money for good and not leaving it to your kids. I don't see the problem with this-- how much money does she need?

Nassar appears to be an equestrian, too.

She must like goofy looking guys, like her father.

Oh please, you queens. He's hot. Look at that long muscular body.

She looks like a 15-year old girl.

Another Arab grifter.

American girls are suckers for these types of guys.

Their kids will still inherit a portion of his Microsoft ownership and presumably the properties they own.

Additionally, there was an article over a decade ago where he straight up said his kids would get about $30 million each. A minuscule sum compared to his net-worth - but more than enough to live comfortably.

If only Sam Walton cut his kids out of his will. If only.

Someday she’ll be made president of the Gates Foundation with a salary of $25 million a year. But at least she’s working.

LOL @ miniscule portion of $110 billion

I don't disagree with rich parents who want their kids to learn how to support themselves instead of living off trust funds. But I do think that Mr and Mrs Gates owe their daughter a nose job to fix that honker she inherited from them.

[quote]r14 he straight up said his kids would get about $30 million each. A minuscule sum compared to his net-worth - but more than enough to live comfortably.

[italic] A pittance!

Well the key word his in inherit right, because in that process taxes will have to be paid. Where if he gifts it to her while he is living, the horse ranch in Florida, the condo in NYC and what ever else he doesn’t pay any taxes?

[quote]So the daughters of Gates, Jobs, and Bloomberg are all coincidentally top-notch equestrians?

As a former 'equestrian' (we prefer 'riders') on the same competitive competition circuit as the above, I can assure you that in this sport, cash is king. The most money buys the best horses, which will take any mildly competent rider to the top of their sport. It's a sweet bubble to live in the equestrian world; surrounded by other wealthy offspring to whom you never have to justify your privilege. Your trainers and coaches fawn over you, (duh, money), and assure your checkbook (parents) that you are learning important life lessons. As long as you are willing to live the life (oooh, such 'dedication!') of showing up at the stables for lessons and going to the shows/competitions, and especially if you can afford to have a string of expensive and talented horses, you're pretty well guaranteed success relatively consistently. Then the equestrian press takes over and basically waves palm-fronds in front of you, because you know, your daddy's ridiculously rich and driving half the equestrian economy.

Hoe does one combine the equestrian lifestyle and medical school?

Buffet already gave each of his kids a HUGE Trust fund and said, "That's it! That's all you get! There is nothing for you when I die." Fact is, he didn't trust his kids and was afraid one of them would have him knocked off just to get their inheritance!

That's a smart dude.

The trust fund is how they get around the estate taxes anyway, so it's a smarter move financially. It doesn't mean he can't keep adding to the trust over time.

[quote]Hoe does one combine the equestrian lifestyle and medical school?

Easy enough when you have endless money. Grooms, barn managers, coaches and assistants. All travel arrangements are made by the stable's staff, horses are shipped from one competition to another all over the world. The horses are 'schooled' (kept in shape for competition) by professional riders and in fact often fully prepared for competitions by those professional riders/coaches. Then the privileged rider jets in to the location, gets a leg-up on to the horse, does one or two practice classes before the big glamorous 'Grand Prix' competition.She likely gets a good placing in the competition, wins a few thousand dollars, comes out of the competition ring gushing about what a 'brave' horse her 'Trigger' is, that it's off to the airport to jet back to her Ivy League until the next weekend. She is surrounded by girls living exactly the same lifestyle every weekend.

r24 You missed the point. They ALREADY have their money. He was afraid of them wanting to "pull the plug" when he has a simple cold! He knows how greedy spoiled rich kids can be!

God damn, R25.

I could never even have imagined that kind of lifestyle.

Daddy, I'm interested in horsies.

[quote] To support her passion, Gates' father set about buying property in Wellington, Florida, a hotspot for wealthy equestrians. The Miami Herald reported he dropped $37 million to buy a whole string of properties near Laurene Powell Jobs' estate.

Thanks, Daddy.

If Bill Gates has $110 billion dollars, then why not leave each child at least $100 million to $1 billion in cash. That would still be a very small amount compared to what he has.

Or at least somewhere in between. Or is that why he's buying them real estate to leave to them, and they can sell it later if they want and get the cash?

In Gates' defense, he does more and gives more to charitable causes, than probably anyone else in the WORLD.

He's a very generous man.

R31, indeed. He is a real philanthropist. Not bing saccharine when I say that it would bring me great pleasure to be able to do that on a grand scale.

More white privilege I see.

They are getting plenty. As someone said, the scam now is setting up “charitable trusts” that pay all the offspring million dollar “salaries” for showing up to 2 meetings a year. He said years ago he was leaving them nothing - now it’s a “minuscule” portion, which could be $500 million.

Charitable trusts are as much a problem as direct inheritance. It all needs to be taxed and distributed to the country. No one deserves to inherit millions. This is why I’d be happy to vote not just Democratic socialist - but full on Marxist communism. This shit has got to stop.

R33 Needs to go move to a 3rd world shithole country if you don't like prosperity.

Your free to exit America any time you'd like.

The other thing is, and this is why I don't trust the whole "Im leaving them nothing" nonsense, his kids are vulnerable as the offspring of one of the top 3 wealthiest men on the planet. Making sure they received NOTHING would essentially jeopardize their safety. They need the resources to have proper security and protect themselves from random crazies/technophobes/paranoid nutjobs - even after Gates dies.

Leaving them nothing leaves them open to harm.

Didn't Gates and Buffet pledge that the bulk of their estate will go to philanthropy and that family will not inherit the bulk of the money?

R22 When they fall off the horse

R30 Meh. He keeps going on and on about how he'll give it all away - but does it very slowly. Because he knows once he does give it away, his power is gone, whereas as long as he has money he gets treated like a super VIP.

Not to mention there's something deeply disturbing about the idea that the super-wealthy get to decide global charitable needs

[quote] Andrew Carnegie was a proponent of using one's money for GOOD and not leaving it to your kids.

R9, Carnegie was a proponent of half-starving his blue-collar workers during Xmas and cutting their (already modest) wages by 1/3 to line his pockets - and then, as he was nearing death, giving away those ill-gotten profits (obtained by duress), to try to cleanse his conscience and be remembered as a ‘philanthropist’ instead of as a ‘robber baron’.

His ‘philanthropy’ was based on taking money away from one disadvantaged group (struggling blue-collar workers & their families) and then 'recycling' those controversial gains by ‘gifting’ them to another group. It was a contrived, convoluted method that defeated its 'high' purpose.

[quote] "In 1883, Standiford claims Carnegie used a drop in steel prices to argue with the [steel workers] at his [plant] in ... Pennsylvania, for a 20% cut in wages.

[quote] The alternative was that the plant would be shut down and the men locked out. The workers capitulated. But 3 years later the plant was shut down by Carnegie 10 days before Christmas when he discovered one of his rivals had achieved a cut in wages of between 15% and 20%.

[quote] Standiford said: "Carnegie had his plant manager post a notice that the works would close for an indefinite period and that 1,600 men would be put out of work with the stated reason being plant renovation. But Carnegie had resolved that the real purpose was to drive out the unions, only non-union men would be rehired when they reopened the plant.

[quote] By February of 1885, with the men facing starvation and freezing temperatures and no money to buy food or coal, they agreed to come back in under individual contracts, their wages decreased by up to 33%."

Yeah, this is non story. About 19 billionaires pledged to give away the bulk of their fortune. Even if Gates' kids get 1% of his estate they'll still be set for life.

Exactly R36. And all going to one foundation - which will now monopolize the distribution of billions of dollars. I have more faith in a direct redistribution to people. These foundations just suck up a huge chunk of the dollars for “administration” and give money to other charities which theM also suck up money for their “administration” salaries and other kickbacks. Which leaves nothing for the actually poor people. “Trickle down” charity - as much a fraud as trickle down economics.

Stop “charity” and start taxing. They didn’t “deserve” the money, they don’t deserve the right to decide where it goes. Most of them agree that they don’t pay their fair share of taxes. Revolution.

[quote]Why do all these rich American, European and South American heiresses, always end up engaged to Middle Easterners? This Gates girl, Janet Jackson, Princess Beatrice, that South American brewery heiress....

[quote]Bunch of suckers, they are.

Racist fuck. I can only imagine the mess you are.

R34 is hilarious thinking he has a piece of the prosperity pie

R34 - sounds perfectly Republican. If you don’t like the unequal, unfair, hypercapitalism of the US, you don’t love America. Denmark and Sweden aren’t 3rd world last time I checked. In fact - the best standard of living in the world - and some of the highest taxation.

[quote]Gates has competed against Eve Jobs, as well as other famous show jumpers like Michael Bloomberg's daughter Georgina, Bruce Springsteen's daughter Jessica, and Steven Spielberg's daughter Destry.

So, Destry rides again.

Before you judge Gates:

The Bill and Melinda Gates foundation...

[quote] In 2007, its founders were ranked as the second most generous philanthropists in the US, and Warren Buffett the first. As of 2018, Bill and Melinda Gates had donated around $36 billion to the foundation. Since its founding, the foundation has endowed and supported a broad range of social, health, and education developments including the establishment of the Gates Cambridge Scholarships at Cambridge University.

$36 billion of THEIR OWN MONEY, is nothing to sneeze at.

I doubt that very many other wealthy people in their same income bracket, could say the same.

[quote]Hoe does one combine the equestrian lifestyle and medical school?

Ride your horse to your classes?

[quote]Hoe does one combine the equestrian lifestyle and medical school?

I’m no Hoe.

[quote]How did he even meet Bill Gates' daughter?

ooh, ooh, I know

I worked for a guy who claimed to be a billionaire and certainly was a multi millionaire many times overs. Homes around the around, private jets, friendly with royalty... whatever he was worth it was Gates country.

He too always claimed his children wouldn't get much from his estate. The story was he'd already set them up well before he died so technically it was true. One of his kids was a published author, lived in Manhattan, got a piece of two in some major magazines... another had a flat in London... And then again his wife survived him... nobody said anything about what she would do with the dosh.

Being a successful equestrienne isn't something you pull off as the fourth child in a family living on $80,000 a year. Gates has fairly given his children access to any number of opportunities, as would we all, so the 'the kids aren't getting much' line may be a bit disingenuous on the basis not much might, on a billion, seem like a boatload to we mortals.

What an asshole.

Bill Gates is full of shit. Of course he'll leave his kids a ton of money.

Moving on. The couple is rather cute, TBH. She seems to have noble pursuits, too. I can appreciate that in a spoiled brat.

Maybe she’ll be a philanthropist. You know, starting equestrian schools for inner city kids, who have nothing but a dream and an Arabian horse.