Bill Gates says daughter Phoebe ‘fortunately’ not asked him to finance his business

• Phoebe Gates founded Online -Price Company Shopping Platform Phia with its former roommate, Sophia Kianni
• Bill Gates revealed in a new interview that Phoebe did not asked him to help finance his business company
• “I would have kept her in a short leash and made business reviews,” admitted Bill

Bill Gates is relieved that his daughter founded his business without his financial efforts.

Microsoft’s founder, 69, acknowledged that he had concern when his youngest daughter, Phoebeinformed him that she would start a business with her former Stanford University roommate, Sophia Kianni.

Phoebe, 22 and Kianni, 23, collaborated to make PhiaAn app that offers shoppers an easy way to compare the prices of new and used articles over thousands of e-commerce sites.

“I thought,” Oh boy, she will come and ask (for money), “Bill told New York Times In an interview published on April 24. He added her first thoughts that she wanted to join the competitive e-commerce space and said: “Wow, many people have tried, and there are some big guys there.”

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Bill shares daughters Jennifer, 28, PhoebeAnd son Rormy25, with ex-wife Melinda French gates.

He is currently the 13th richest person on earth and has a net value of approximately $ 102.2 billion, according to Forbes 2025 World’s billionaire list.

As previously reported, Bill said that his children have had a “big upbringing and education”, but will inherit “less than 1 percent” of his total fortune.

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While on Count on raj shamani podcast Earlier this month he said, “I decided it would not be a favor to them.” But his astonishing wealth can mean that his children, despite the low percentage, each inherit multimillions.

Bill revealed for New York Times That he would also have helped to finance Phoebe’s business, Phia, if she had asked him.

“And then I would have kept her in a short leash and made business reviews, which I would have found difficult, and I would probably have been too nice but wondered if it was the right thing to do? Fortunately it never happened,” he told the outlet.

After being told that she needed to raise the capital on her own by her mother, Phoebe and Kianni began $ 100,000 from Soma Capital and a Stanford contribution of $ 250,000 from a social entrepreneurship program.

They received many rejections before securing an additional $ 500,000 from angel investors, per New York Times.

“She saw it as a real opportunity for me to, who, learn and fail,” Phoebe said about her mother, Melinda, according to the outlet.

The 22-year-old entrepreneur has also received Advice from mentors, including crisis jennerSara Blakely from Spanx, and Joanne Bradford, the former president of Honey.

Bill revealed that the advice he gives Phoebe is limited to personnel issues, “When it comes to shopping, I’m not exactly the target group.”