New Delhi, April 7 -- Bill Gates, the 69-year-old Microsoft co-founder, said his children will inherit only 1 per cent of his total wealth.

He has three children from his 27-year marriage to his former wife, Melinda Gates: Daughter Jennifer (28), son Rory (25), and youngest daughter Phoebe (22).

Even though a mere 1 per cent of his $155 billion wealth amounts to a whopping $1.55 billion, the real question is why the Microsoft co-founder chose what he did and what he plans to do with the remaining.

At Raj Shamani's podcast, Bill Gates said his children "got a great upbringing and education," but he would give them less than 1% of the total wealth because he "wants to give them a chance to have their own earnings and success."

Bill Gate...