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International Business Times UK
International Business Times UK
Business
David Unyime Nkanta

Melinda Gates Refuses to Fund Daughter's Startup: 'Real Companies Get Real Backing – Not From Mum'

Phoebe Gates Melinda French Gates Bill Gates Billie Jean King PHIA Kris Jenner Sophia Kianni Stanford
Melinda French Gates and daughter Phoebe Gates pictured at Phoebe’s graduation from Stanford University, celebrating her achievements in public health and entrepreneurship. (Credit: instagram/melindafrenchgates)

Melinda French Gates has drawn a firm line between family wealth and entrepreneurial independence, refusing to financially back her daughter's promising AI fashion venture despite her billionaire status.

The philanthropist and Microsoft co-founder's ex-wife made the surprising revelation at Los Angeles' Power of Women's Sports Summit, where she told tennis legend Billie Jean King that 'real companies get real backing' rather than relying on family connections.

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