Melinda French Gates reveals she’s refusing to fund her Gen Z daughter’s new startup—despite being worth nearly $31 billion

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• Microsoft cofounder Bill Gates has said that his children will inherit “less than 1%” of his wealth when he eventually passes away. But even while their parents are alive, the Gates children won’t be coasting off the family fortune—and Melinda French Gates is making sure of it, starting with saying no to funding her daughter’s new startup.

Melinda French Gates may be one of the wealthiest women in the world, with an estimated $30.8 billion net worth, but you won’t catch her writing checks for her daughter’s new startup.