Melinda French Gates’ advice to new IPO millionaires: ‘Give half your money away’

Melinda French Gates advised new IPO millionaires and billionaires from SpaceX, OpenAI, and Anthropic to give away at least half their wealth, citing her own Giving Pledge and philanthropic work. She emphasized that U.S. billionaires benefit from societal infrastructure and should avoid flaunting wealth.

SpaceX https://fortune.com/company/spacex/ just set a record for the largest-ever IPO, raising $75 billion https://www.axios.com/2026/06/11/spacex-ipo-prices-75-billion at a $1.77 trillion valuation. OpenAI and Anthropic are soon to follow https://fortune.com/2026/06/08/chatgpt-maker-openai-files-ipo-anthropic/ to the public markets. And with these three mega-IPOs will come a generation of brand-new millionaires and even billionaires. Like the ultra-wealthy who have come before them, they’ll have to figure out what to do with their newfound riches. One of the world’s wealthiest people, Melinda French Gates, has some advice for them. “Commit now to giving at least half of it away,” she told https://fortune.com/2026/06/04/melinda-french-gates-pivotal-interview-womens-health-philanthropy-billionaires-trump/ Fortune when asked what advice she has for this new cohort of IPO millionaires and billionaires. “No matter what it turns out to be, no matter how large, how small it turns out to be. If you even have the ability to invest in these IPOs, believe me, you have the ability to give half away.” In 2010, French Gates cofounded the Giving Pledge https://www.givingpledge.org/pledger/melinda-french-gates/ , the promise the ultra-wealthy can make to give away their money in their lifetimes or their wills. She pledged to distribute the majority of her resources within her lifetime. For years, that was mainly through the Gates Foundation, which she cofounded with ex-husband Bill Gates and where she tackled causes across global health. Today, French Gates has her own firm, Pivotal, where she gives to causes https://fortune.com/2026/06/04/melinda-french-gates-pivotal-interview-womens-health-philanthropy-billionaires-trump/ including women’s health, women’s political power, caregiving, and more. She recently announced a $215 million philanthropic commitment https://fortune.com/2026/06/04/melinda-french-gates-pivotal-interview-womens-health-philanthropy-billionaires-trump/ to women’s health, including women’s midlife health and menopause. Her current net worth is estimated at $19 billion https://www.bloomberg.com/billionaires/profiles/melinda-french-gates/ , per Bloomberg, placing her at No. 137 on their billionaires ranking. More than 250 philanthropists have signed the Giving Pledge, including fellow Pledge cofounder Warren Buffett; Canva cofounders Melanie Perkins and Cliff Obrecht https://fortune.com/longform/melanie-perkins-canva-founder-ceo-interview/ ; MacKenzie Scott https://fortune.com/2026/06/05/mackenzie-scott-what-inspired-her-26-billion-philanthropy/ ; Airbnb https://fortune.com/company/airbnb/ cofounder Brian Chesky https://fortune.com/2026/06/04/airbnb-ceo-brian-chesky-plans-to-start-a-new-ai-company/ ; and Spanx founder Sara Blakely https://fortune.com/longform/billionaire-female-founders-sara-blakely-anne-wojcicki-whitney-wolfe-herd-blackstone/ . French Gates says she admires philanthropists like Scott, who has set records with her giving to historically Black colleges and universities https://fortune.com/2026/04/07/mackenzie-scott-hbcu-donations-1-billion/ , and Alice Walton of Walmart’s Walton family, who is building a new kind of medical school https://time.com/7303692/alice-walton-school-of-medicine-new-medical-school/ . French Gates reminds us that “anyone who is a billionaire in the U.S. benefitted from growing up” in this country https://www.instagram.com/p/DZTB0g lKcB/?hl=en or coming here as an immigrant. Good roads, access to education and, for the most part, health care make it possible for people to build successful businesses in this country. And for any billionaires, old or new? “I’ve never thought it’s good for billionaires to be flashy about their wealth, like we’ve seen that over time at all levels of wealth,” she says. “You see it with people who have a million dollars, you see it with people who have $100,000. Flashing that around, that doesn’t do anybody any good. Fine, buy some nice things for yourself, but you don’t have to be flashy about it.” Read her full interview with Fortune here https://fortune.com/2026/06/04/melinda-french-gates-pivotal-interview-womens-health-philanthropy-billionaires-trump/ . Subscribe to Fortune Gulf Brief . Every Tuesday, this new newsletter delivers clear-eyed, authoritative intelligence on the deals, decisions, policies, and power shifts shaping one of the world’s most consequential regions, written for the people who need to act on it. Sign up here. https://fortune.com/newsletters/fortune-gulf-brief?&itm source=fortune&itm medium=nl article tout&itm campaign=gulf brief