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Fortune
Fortune
Emma Hinchliffe

Melinda French Gates has some advice for new IPO billionaires

(Credit: Jose Sarmento Matos/Bloomberg via Getty Images)

SpaceX just set a record for the largest-ever IPO, raising $75 billion at a $1.77 trillion valuation. OpenAI and Anthropic are soon to follow to the public markets. And with these three mega-IPOs will come a generation of brand-new millionaires and even billionaires.

Like the ultra-wealthy who have come before them, they’ll have to figure out what to do with their newfound riches. One of the world’s wealthiest people, Melinda French Gates, has some advice for them.

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