|He is one of the world's wealthiest men with an estimated fortune of more than $44 billion.|
But the children of Bill Gates should not expect a lifetime of luxury, with the Microsoft founder planning to give most of his money away.
The Sun reports Mr Gates - who has three children - wants to spend his billions defeating poverty.
"I knew I didn't think it was a good idea to give the money to my kids," he told The Sun.
"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."
But Mr Gates, now 54, said his kids will not miss out on their inheritance entirely.
"I will give the kids some money but not a meaningful percentage," he told The Sun.