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Bill Gates Reduces Inheritance, Encourages Daughter's Startup Journey

5/2/2025

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Summary

Story summary

Bill Gates worries his daughter Phoebe may seek funding for her e-commerce app, Phia, after reducing her inheritance.
Launched on April 24, Phia allows users to compare prices of new and used items across multiple platforms.
Phoebe and her co-founder raised $100,000 from Soma Capital and a $250,000 grant from Stanford, plus $500,000 from angel investors.
Gates intends to leave his children under one percent of his $149 billion fortune, highlighting self-sufficiency.

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Story summary

Bill Gates worries his daughter Phoebe may seek funding for her e-commerce app, Phia, after reducing her inheritance.
Launched on April 24, Phia allows users to compare prices of new and used items across multiple platforms.
Phoebe and her co-founder raised $100,000 from Soma Capital and a $250,000 grant from Stanford, plus $500,000 from angel investors.
Gates intends to leave his children under one percent of his $149 billion fortune, highlighting self-sufficiency.