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MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

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Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse place

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Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster

1

MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

2

Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse place

3

Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster
Immigration

Immigrants are beating native-born Americans in this area

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Claire Groden
Claire Groden
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By
Claire Groden
Claire Groden
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October 22, 2015, 5:46 PM ET
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Main Street, Formerly Church Street, Annapolis, Maryland, USA.Photograph by Hisham Ibrahim — Getty Images
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In the United States, immigrants are more likely to be self-employed than the native population, according to a new report from the Pew Research Center. The numbers might not look like much at first–10% of native-born Americans are self-employed, compared to 11% of immigrants–but when broken down by racial and ethnic demographics, the differences are far starker.

Among white immigrants, 17% were self-employed, compared to 11% U.S.-born, and 11% of immigrant Hispanics versus 6% of natives are also self-employed. The same trend holds among blacks and Asians, according to the Pew report. In 2014, self-employed workers and the people they hired accounted for 44 million jobs–about three in every ten jobs in the United States. Almost one-quarter of all self-employed workers had at least one paid employee.

Immigrants accounted for almost 30% of the new businesses created last year, and in more than 60% of the largest metro areas, immigrants accounted for all of the net growth in “Main Street” businesses like restaurants and retailers between 2010 and 2013, according to the Wall Street Journal.

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