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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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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
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A Morgan Stanley executive and a tech entrepreneur’s teen daughter are still missing after a violent tornado hit a superyacht

Amanda Gerut
By
Amanda Gerut
Amanda Gerut
News Editor, West Coast
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Amanda Gerut
By
Amanda Gerut
Amanda Gerut
News Editor, West Coast
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August 19, 2024, 6:35 PM ET
Mike Lynch
Tech entrepreneur Mike Lynch and his 18-year-old daughter, Hannah, are reportedly missing after a storm hit the yacht they were on. Simon Dawson—Bloomberg/Getty Images
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A celebration aboard a luxury superyacht off the coast of Italy continued to churn out tragic news on Monday. Morgan Stanley International chairman Jonathan Bloomer was reported missing from the sunken yacht, according to the Telegraph. 

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Bloomer was aboard the 184-foot Bayesian yacht with close friend Mike Lynch, a tech mogul once called “Britain’s Bill Gates,” who recently beat fraud charges in San Francisco stemming from the sale of his tech company, Autonomy. Hewlett-Packard bought the software processing company in 2011 for $11.7 billion, which was one of the largest tech deals in Europe at the time. Afterward, HP accused Lynch and others of accounting fraud, which Lynch denied. He was cleared of all charges in June.

In a sad coincidence, Lynch’s codefendant in the fraud case was hit by a car on Saturday morning while out running. Stephen Chamberlain, former vice president of finance at Autonomy, was accused of fraud and conspiracy along with Lynch. Chamberlain, who was also acquitted, died on Monday after he reportedly spent time on life support. 

In addition to Lynch and Bloomer, Lynch’s 18-year-old daughter, Hannah, is also among the missing. A total of 22 crew and passengers were on the vessel, and six remain missing, according to the Wall Street Journal. One has died, reported Bloomberg. Some 15 people who were on the yacht when the storm hit have reportedly been rescued. One was a baby girl whose mother, Charlotte Golunski, saved her daughter by holding her high above the waves while treading water. 

A newspaper quoted Golunski: “I held her afloat with all my strength; my arms stretched upwards to keep her from drowning.” She continued: “So many were screaming. Fortunately, the lifeboat inflated, and 11 of us managed to get on it.” 

Lynch’s wife, Angela Bacares, was also reportedly among those rescued, along with Lynch’s lawyer, Ayla Ronald. 

The WSJ reported that the yacht sank 164 feet into the water and that rescue teams were still working on Monday. 

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.
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Amanda Gerut
By Amanda GerutNews Editor, West Coast

Amanda Gerut is the west coast editor at Fortune, overseeing publicly traded businesses, executive compensation, Securities and Exchange Commission regulations, and investigations.

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