A Boring Dystopia

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Bill Gates Bought His Daughter A $16 Million Horse Farm As A Graduation Gift — But Ex-Wife Melinda Says The Kids Were Raised Very 'Middle Class' (finance.yahoo.com)

submitted 2 days ago by [email protected] to c/[email protected]

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If your dad is Bill Gates, you're probably not getting a Starbucks gift card for graduating college.

In 2018, Jennifer Gates walked off the Stanford stage and onto a 124-acre, $15.82 million horse farm in North Salem, New York. According to Architectural Digest, the lavish estate was a graduation gift from her billionaire parents—and came complete with rolling pastures, three parcels of land, and proximity to New York City for her future studies.

But in case that sounds too much like the plot of "Succession: Equestrian Edition," Melinda Gates would like to remind everyone: their kids were absolutely raised "middle class."

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[–] [email protected] 51 points 1 day ago (2 children)

leaving $10m to each child, with plans to donate everything else

The plans were to donate everything else to a tax-advantaged "charity" in which the Gates family retains complete financial control.

This is not philanthropy. It is tax avoidance, greenwashing, and a public relations campaign.

[–] [email protected] 14 points 1 day ago* (last edited 1 day ago)

when gates was on reddit, he choose AMA sub, so he wouldnt get criticized, they wouldnt allow you to question him on his charities being used tax evasion or money laundering.

[–] [email protected] 16 points 1 day ago (1 children)

Yeah, it might be public relations, but the malaria nets and polio vaccines and HIV treatments and guinea work eradication did actually save millions of lives.

It's one thing to argue that doing good doesn't make up for doing bad, but it's another thing to refuse to acknowledge the good at all.

[–] [email protected] 8 points 1 day ago* (last edited 1 day ago) (1 children)

the countries have complained about his vaccines as being only sourced from us backed countries, so most of them couldnt afford it. he still pretty much a ruthless business man, like the above comments he is greenwashing his image.

[–] [email protected] 1 points 1 day ago

How many billionaires are sourcing from locals? Guessing the answer is closer to none.