Thursday, 20 March 2014

My Children won't be left billion dollar trust funds says Bill Gate as he opens up being a parent in the worlds richest family .

 


Do you agree with Bill Gates , and his illusion ? That he would rather teach his children to fish than to get the fish for them . 

He is the world's richest man, with a personal fortune of $76 billion, but Bill Gates will not be leaving it all to his three children.

In a rare insight into his personal life, the Microsoft founder and his wife, Melinda, have opened up about how they are raising their family. 

The couple, speaking at a TED conference in Vancouver, said their children will be encouraged to make their own way in the world without the help of billion-dollar trust funds.

Gates said that instead of money, they had given their two daughters and son a good education so they can learn how to rely on their own abilities rather than their parents' fortune.

'You’ve easily got enough money despite your vast contributions to the foundation to make them all billionaires,' conference organizer Chris Anderson said. 

But, according to Wired, Gates responded by saying: 'They won’t have anything like that. They need to have a sense that their own work is meaningful and important.'


'You’ve got to make sure they have a sense of their own ability and what they’re going to go and do,' he added.

Anderson likened raising three children in the world's richest family 'to a social experiment without much prior art' before asking the couple, who run the Bill and Melinda Gates Foundation, how they had decided to raise their family.

'We want to strike a balance so they have the freedom to do anything but not sort of a lot of money showered on them so that they can go out and do nothing,' Gates said.

He added that they have told their children most of the fortune would be left to their charity, which tackles poor health and poverty.

Melinda Gates also used the TED talks to give details about a trip to Tanzania she made with her eldest daughter Jen.

The mother and daughter stayed with a family in a rural area, which helped them better understand the barriers to education faced by girls in the country.

During her description of the trip, Melinda Gates showed slides of their time in Tanzania, as well as pictures of her children. 

The couple rarely discuss their private life, but she said the children had agreed to their pictures being shown to show their support for the charity. 

They added that their parenting style was inspired by philanthropist Warren Buffett, who has taken a similar approach with his children. 

Like Buffett, the Gates have joined the Giving Pledge, which is committed to diverting wealth to philanthropy.

The friends agree leaving a huge sum to their children was no good for their families or society.





Objects spotted in Indian Ocean may be debris from Malaysia Airlines Flight 370

 Two objects spotted by satellites in the southern Indian Ocean may be debris from the missing Malaysia Airlines Flight 370, Australian authorities said Thursday, fueling hopes of a breakthrough in an international search of unprecedented scale.

The objects are indistinct but of "reasonable size," with the largest about 24 meters (79 feet) across, said John Young, general manager of emergency response for the Australian Maritime Safety Authority.

They appear to be "awash with water and bobbing up and down" in an area 2,500 kilometers (1,500 miles) southwest of Australia's west coast, he said.

A Royal Australian Air Force surveillance plane sent to the site was unable to find the debris, the agency said Thursday on Twitter. Clouds, rain and limited visibility were hampering the search, the agency said.

An Australian naval ship was on the way, but "some days away," Malaysia's interim Transportation Secretary Hishammuddin Hussein said Thursday.

Hishammuddin said search efforts are intensifying in the area, but will continue throughout the massive search zone until the aircraft is found. he aid.

"At least there is a credible lead," Hishammuddin said. "That gives us hope. As long as there's hope, we will continue."

He said the search will continue until authorities can give families of those on board the plane answers about what happened.

"For the families around the world, the one piece of information that they want most is the information we just don't have: the location of MH370," he said.

Hishammuddin cautioned that the Australian find may not be related to Flight 370, as did David Gallo, one of the leader of the search for Air France Flight 447, which crashed in the Atlantic Ocean in 2009.

"If that piece of the plane is that big, maybe it's the tail section" he siad. But he warned that the size gave him a degree of concern.

"It's a big piece of aircraft to have survived something like this," he said.





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