United Kingdom, April 9 -- Bill Gates' kids will inherit "less than one per cent" of his fortune because he doesn't want to create a family "dynasty".

The Microsoft founder has long insisted he doesn't want to hand over his billions to his three grown-up children - Jennifer, Rory and Phoebe - and has no plans for them to ever take over his company - and he's now revealed they will receive a tiny fraction of his net worth.

During an appearance on the 'Figuring Out With Raj Shamani' podcast, Bill, 69, explained: "My kids got a great upbringing and education, but less than 1 per cent of the total wealth because I decided it wouldn't be a favor to them.

"It's not a dynasty. I'm not asking them to run Microsoft. I want to give them a chance...