this post was submitted on 22 Apr 2025
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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] 1 points 12 hours ago (1 children)

I literally explained why it is set up like that. Except for the part where they use money of the foundation to make more money for the foundation.

Gates is in full control of what he “gives” away.

And rightfully so. The foundation is always looking for organizations to give grants to. You can't just give it all away randomly. To give away so much money you need to put it somewhere where it can be distributed fairly. Which is exactly what the foundation is doing.

The only real argument you can have against Gates is whether or not he should be giving even more. But that is not the best argument because he still is giving away much more than people more wealthy as him.