My children will not inherit my $82 billion wealth - Bill Gates

World's richest man, Bill Gates, has revealed that him and his wife will be giving their wealth to charity organizations and not their children.

"Our kids will receive a great education and some money so they are never going to be poorly off but they'll go out and have their own career," he said.

The couple worth $82 billion are encouraging their three children to go to college, saying they'll pay for that, but then they want them to get jobs and have careers.

They have three children, Jennifer, 20, Rory, 17, and Phoebe, 14.

"'It's not a favor to kids to have them have huge sums of wealth," he said. "It distorts anything they might do, creating their own path."