Melinda French Gates has revealed efforts she’s making to avoid raising a nepo baby.
The ex-wife of Bill Gates and longtime philanthropist, with a net work of $31 billion, said she refused to fund her daughter’s startup.
“I have a daughter who just started business this year”, French Gates, 60, during a recent talk with Tennis legend Billie Jean King during the Power of Women’s Sports Summit.
“She got capitalized, not because of my contacts, not because of me, I wouldn’t put money into it”.
The mom did not name the daughter, but Phoebe Gates, the youngest of her three children with the Microsoft founder, recently launched an Al-powered fashion app called Phia with her Stanford roommate, Sophia Kianni.
The platform compared clothing prices across 40,000 sites to help users find the best deals.
“It is very, every hard to get your business funded If you are a woman” French Gates said. And so you do have to learn a bit how to have the courage to play the game and to stick with it”.
-9News Nigeria.
