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

2

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

3

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

1

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

2

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

3

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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News and analysis on the business of the stock market, the latest tech trends, and how the top businesses are doing in the current climate.
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America added more than 1,200 millionaires per day in 2025, but the heyday of the ‘everyday millionaire’ is already over

The stock market made a record number of people millionaires in 2025. But the real wealth action was happening one tier up.

By Nick LichtenbergJune 30, 2026
Top CD rates from major banks June 30, 2026: Chase CDs, Bank of America CDs, Citibank CDs, and more
Top CD rates from major banks on June 30, 2026: Chase CDs, Bank of America CDs, Citibank CDs, and more
By Joseph HostetlerJune 30, 2026
Current price of Bitcoin for June 30, 2026
Current price of Bitcoin for June 30, 2026
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vinod
Vinod Khosla: AI’s energy crisis has a fix — and it doesn’t need the grid
By Vinod KhoslaJune 30, 2026
Current price of Ethereum for June 30, 2026
Current price of Ethereum for June 30, 2026
By Joseph HostetlerJune 30, 2026
powell
Premier League Lacrosse adds Rob Mac, Glen Powell to investors group in historic $100 million funding round
By The Associated PressJune 30, 2026
Latest Stories
Young couple looking sad in front of a home with a for sale sign
Real EstateGen Z and millennials aren’t convinced the American Dream exists anymore: Only 40% of them can afford to buy a home
By Tristan BoveJune 30, 2026
Russian President Vladimir Putin
EconomyIt started with one viral influencer complaining about Russia’s economy. Now a record 60% of Russians are pessimistic about their country’s outlook
By Tristan BoveJune 30, 2026
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NewslettersAI is minting billion-dollar companies faster than before
By Beatrice NolanJune 30, 2026
Stripe CEO Patrick Collison gestures with his hands as he speaks into a microphone before a congressional committee hearing.
CryptoStripe, Visa and over 140 other businesses to launch stablecoin to rival Tether and Circle
By Camila Grigera NaónJune 30, 2026
kean
PoliticsTom Kean discloses depression diagnosis behind 4-month absence from Congress: ‘until you experience it yourself, it is difficult to fully understand’
By Mike Catalini, Joey Cappelletti and The Associated PressJune 30, 2026
t
CommentaryNetflix could turn NBC into its biggest bet yet — and this time, the math actually works
By Jeffrey Sonnenfeld and Steven TianJune 30, 2026
A woman types into a kiosk at an airport.
Travel & Leisure‘You can expect prices to be high and stay high’: Domestic airfare is skyrocketing faster than international flight costs, despite using less jet fuel
By Sasha RogelbergJune 30, 2026
Young worker at desk
SuccessRemote-first fintech giant Revolut is making the office compulsory for new Gen Z grads—and they’ll earn flexibility like their peers after one year
By Emma BurleighJune 30, 2026
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Top CD rates from major banks June 23, 2026: Chase CDs, Bank of America CDs, Citibank CDs, and more
Personal FinanceTop CD rates from major banks on June 23, 2026: Chase CDs, Bank of America CDs, Citibank CDs, and more
By Joseph HostetlerJune 23, 2026
  • retire
    Personal FinanceVanguard’s alarming state of retirement in 2026: The average American has $167,970 in their account—or they have $44,115
    By Nick LichtenbergJune 17, 2026
Current price of Ethereum for June 23, 2026
Personal FinanceCurrent price of Ethereum for June 23, 2026
By Joseph HostetlerJune 23, 2026
Current price of Bitcoin for June 23, 2026
Personal FinanceCurrent price of Bitcoin for June 23, 2026
By Joseph HostetlerJune 23, 2026
SK Hynix briefly tops Samsung as Korea’s most valuable company—and it’s reportedly eyeing a U.S. listing as soon as August
AsiaSK Hynix briefly tops Samsung as Korea’s most valuable company—and it’s reportedly eyeing a U.S. listing as soon as August
By Nicholas GordonJune 23, 2026
Probook founders (from left to right) Ben Cervantez, George Eliadis and Lewis Zhang
Startups & VentureExclusive: A founder who went from pressure washing to Wharton just raised $40 million to put AI to work for plumbers, electricians, and HVAC crews
By Lily Mae LazarusJune 23, 2026
SpaceX’s drop-off sees Elon Musk’s net worth fall $240 billion—roughly the same value as computing giant IBM
InvestingSpaceX’s drop-off sees Elon Musk’s net worth fall $240 billion—roughly the same value as computing giant IBM
By Eleanor PringleJune 23, 2026
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    Personal FinanceCurrent price of Bitcoin for June 17, 2026
    By Joseph HostetlerJune 17, 2026
Saudi PIF’s governor wants the kingdom to become a global investment center
NewslettersSaudi PIF’s governor wants the kingdom to become a global investment center
By Melissa HancockJune 23, 2026
t
InvestingMeet the 2 men putting New York’s $300 billion pension fund in play for the first time in 20 years
By Nick LichtenbergJune 22, 2026
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Personal FinanceCurrent price of Ethereum for June 22, 2026
By Joseph HostetlerJune 22, 2026
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Personal FinanceCurrent price of Bitcoin for June 22, 2026
By Joseph HostetlerJune 22, 2026
Current price of oil as of June 22, 2026
Personal FinanceCurrent price of oil as of June 22, 2026
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Nick Noone and Ben Rudolph sit on stools
Startups & VentureExclusive: The AI company powering public safety operations for the 2026 World Cup just raised $250 million
By Lily Mae LazarusJune 22, 2026
As public sentiment sours, Indonesia awaits MSCI verdict which risks $13 billion in capital outflows
InvestingAs public sentiment sours, Indonesia awaits MSCI verdict which risks $13 billion in capital outflows
By Angelica AngJune 22, 2026
A stock trader’s guide to navigating a rare ‘Super El Niño’
EnvironmentA stock trader’s guide to navigating a rare ‘Super El Niño’
By BloombergJune 21, 2026
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EconomyIf you’re surprised by how well the stock market is doing, so is Jamie Dimon—he says there’s a ‘little tsunami’ heading for the economy
By Eleanor PringleJune 21, 2026
Tenzin Seldon is the founder and managing partner of Pulse Fund,
CommentaryTenzin Seldon: The GLP-1 boom is the biggest climate story no one is pricing in
By Tenzin SeldonJune 21, 2026
Who needs rate cuts? Even the Fed’s new chair admits companies are easily raising capital on financial markets amid epic stock and debt binge
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By Jason MaJune 20, 2026
New Fed Chair Kevin Warsh’s decision to drop forward guidance may actually empower the central bank’s other policymakers
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By Christopher Rugaber and The Associated PressJune 20, 2026
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InvestingA Saints legend is selling fans a piece of professional sports for $500
By Eva RoytburgJune 20, 2026
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AISam Altman was ‘0%’ excited to be a CEO of a public company—but OpenAI is taking steps to compete in the AI IPO blitz anyway
By Sasha RogelbergJune 19, 2026
Jeff Bezos pledged $10 billion for climate change. With the 2030 clock ticking, his wife, Lauren Sánchez Bezos, is leading the charge to spend it
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By Sydney LakeJune 19, 2026
The $17 billion mistake hidden inside SpaceX’s blockbuster IPO
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By Shawn TullyJune 19, 2026
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CommentaryFour AI giants just raised $188 billion. Here’s how to survive the Big AI-pocalypse
By Carl Fritjofsson and Cameron SellersJune 19, 2026
Singapore punches above its weight on the Southeast Asia 500, capturing a third of total revenue
AsiaSingapore punches above its weight on the Southeast Asia 500, capturing a third of total revenue
By Angelica AngJune 18, 2026
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Startups & VentureJoshua Baer, the architect of Austin’s tech scene, dies at 50
By Ed White and The Associated PressJune 18, 2026
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Personal FinanceCurrent price of Ethereum for June 18, 2026
By Joseph HostetlerJune 18, 2026
Current price of Bitcoin for June 18, 2026
Personal FinanceCurrent price of Bitcoin for June 18, 2026
By Joseph HostetlerJune 18, 2026
ben
InvestingThe next-generation ‘Tiger Cubs’ who see the AI bubble risk—and know exactly where the next trade is
By Nick LichtenbergJune 18, 2026
How surging gold prices led to the biggest jump on this year’s Southeast Asia 500
InvestingHow surging gold prices led to the biggest jump on this year’s Southeast Asia 500
By Angelica AngJune 17, 2026
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Success
Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse placeplaceholder alt text
By Sydney LakeJune 29, 2026
Success
MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last yearplaceholder alt text
By Sydney LakeJune 25, 2026
Success
Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away fasterplaceholder alt text
By Preston ForeJune 27, 2026
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