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Home News Business

Why billionaire Bill Gates didn’t help fund daughter Phoebe’s business after bombshell inheritance reveal

April 28, 2025
in Business, News
Why billionaire Bill Gates didn’t help fund daughter Phoebe’s business after bombshell inheritance reveal
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Bill Gates and Phoebe Gates at June 2022 Time100 Gala
Bill Gates “luckily” didn’t help daughter Phoebe Gates fund her new business. Penske Media via Getty Images

Phoebe Gates launched her business without her dad’s help.

Bill Gates admitted Thursday that he worried his 22-year-old daughter would “come and ask” him for funding when she founded an e-commerce startup with entrepreneur Sophia Kianni.

The Microsoft co-founder, who has a net worth of $108 billion, told the New York Times that his first thought was, “Oh, boy.”

Phoebe Gates via Instagram in June 2024
The 22-year-old launched Phia last week. phoebegates/Instagram
Phia
It is an sustainable shopping app that utilizes artificial intelligence. phiaco/Instagram

While Bill, 69, said he probably would have helped fund Phia, he added that Phoebe “luckily” never asked.

“I would have kept her on a short leash and be doing business reviews, which I would have found tricky,” the businessman explained of his hesitance. “And I probably would have been overly nice but wondered if it was the right thing to do.”

The Stanford University grad launched Phia last week, with the site using artificial intelligence to help sustainable shoppers find the best e-commerce deals.

Sophia Kinnia and Phoebe Gates in June 2024
Phoebe co-founded the startup with Sophia Kinnia. Getty Images for alice + olivia
Bill Gates and Phoebe Gates via Instagram in October 2024
Bill didn’t want his youngest child to “come and ask” him for money. phoebegates/Instagram

The newspaper reported that Bill, who is also the father of daughter Jennifer Gates, 29, and son Rory Gates, 25, only advised his youngest child on personnel issues.

As for his ex-wife, Melinda Gates, the 60-year-old intentionally stood back to allow Phoebe to “learn and fail.”

Phoebe noted, “She saw it as a real opportunity for [that].”

Bill Gates and Phoebe Gates at June 2022 Time100 Gala
The Microsoft co-founder told the New York Times it would have been a “tricky” dynamic. Getty Images
Bill Gates, Melinda Gates and kids
“I would have kept her on a short leash,” he explained. Melinda French Gates/Facebook

She recently admitted to experiencing “insecurity” working on Phia as a “nepo baby” with “privilege,” telling “Burnouts” listeners she felt a “desire to prove [her]self.”

Phoebe graduated from high school in 2021, going on to study human biology at Stanford University.

When she got her degree in 2024, Phoebe confirmed her romance with Paul McCartney’s grandson Arthur Donald.

Melinda Gates and kids in 2021
Bill and ex-wife Melinda Gates are also the parents of daughter Jennifer, 29, and son Rory, 25. drjenngates/Instagram
Phoebe Gates in April 2025
Phoebe has been vocal about feeling a “desire to prove [her]self” as a “nepo baby.” Getty Images for Tiffany & Co.

As for her siblings, Jennifer is an aspiring doctor completing her residency at Mt. Sinai, while Rory is pursuing a PhD at the Institute of World Politics.

Bill revealed to podcaster Raj Shamani earlier this month that his kids will inherit “less than 1 percent” of his massive wealth when he dies.

He explained, “I wanna give them a chance to have their own earnings and success, be significant and not overshadowed by the incredible luck and good fortune I had.”

The post Why billionaire Bill Gates didn’t help fund daughter Phoebe’s business after bombshell inheritance reveal appeared first on Page Six.

Tags: bill gatesbillionairescelebrity businessesCelebrity Childrencelebrity dadscelebrity familiescelebrity financescelebrity interviewsMoney
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