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

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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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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

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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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Fortune Gulf Brief is Fortune's weekly Tuesday newsletter covering business, investment, and economic trends across the Middle East, written by Fortune writer Melissa Hancock. It delivers expert analysis on the deals, leaders, and policies shaping the GCC region for global executives. Sign up here.
Gulf bond markets extend their rally despite uncertain outlook
Gulf bond markets extend their rally despite uncertain outlook

GCC debt markets have rallied since the ceasefire, but tight liquidity remains a key hurdle

By Melissa HancockJune 30, 2026
GCC debt markets have rallied since the ceasefire, but tight liquidity remains a key hurdle 
GCC debt markets have rallied since the ceasefire, but tight liquidity remains a key hurdle 
By Melissa HancockJune 30, 2026
U.S. official says $6 billion in frozen Iranian assets will be released, while Oman discusses possible Hormuz service fees with Tehran
U.S. official says $6 billion in frozen Iranian assets will be released, while Oman discusses possible Hormuz service fees with Tehran
By Jon Gambrell, Josh Boak and The Associated PressJune 29, 2026
Photo: Kevin Warsh
President Trump will not get what he wants from Kevin Warsh, a source tells us, as inflation will force the Fed upwards
By Jim EdwardsJune 29, 2026
Markets feel relief as the U.S. and Iran agree to a ceasefire on their earlier ‘ceasefire’ that was looking at lot like a war over Hormuz
Markets feel relief as the U.S. and Iran agree to a ceasefire on their earlier ‘ceasefire’ that was looking at lot like a war over Hormuz
By Jason MaJune 28, 2026
Iran is forcing the U.S. into an escalation trap as a ‘shadow war’ over the Strait of Hormuz heats up that could kill the tenuous ceasefire
Iran is forcing the U.S. into an escalation trap as a ‘shadow war’ over the Strait of Hormuz heats up that could kill the tenuous ceasefire
By Jason MaJune 28, 2026
Latest Stories
mill
InvestingAmerica added more than 1,200 millionaires per day in 2025, but the heyday of the ‘everyday millionaire’ is already over
By Nick LichtenbergJune 30, 2026
Henry Kravis
SuccessWall Street billionaire turned an hour meeting with Disney’s cofounder into an entire day together—all he did was read a report most analysts ignored
By Preston ForeJune 30, 2026
Meet the only Black woman chair of the board in the Fortune 500
NewslettersMeet the only Black woman chair of the board in the Fortune 500
By Emma HinchliffeJune 30, 2026
Warren Buffett breaks from a ‘lifetime’ pledge to the Gates Foundation as the Epstein fallout deepens
SuccessWarren Buffett breaks from a ‘lifetime’ pledge to the Gates Foundation as the Epstein fallout deepens
By Sydney LakeJune 30, 2026
Anthropic CEO Dario Amodei pointing to his head.
AIAt the heart of Anthropic’s clashes with the U.S. government, a decision not to play by the new rules of Trump’s Washington
By Jeremy KahnJune 30, 2026
Top CD rates from major banks June 30, 2026: Chase CDs, Bank of America CDs, Citibank CDs, and more
Personal FinanceTop 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
Personal FinanceCurrent price of Bitcoin for June 30, 2026
By Joseph HostetlerJune 30, 2026
Current price of Ethereum for June 30, 2026
Personal FinanceCurrent price of Ethereum for June 30, 2026
By Joseph HostetlerJune 30, 2026
More Middle EastPage 6 of 15
Stocks stage massive upside reversal as oil plunges after Trump says Iran war could be over soon
EnergyStocks stage massive upside reversal as oil plunges after Trump says Iran war could be over soon
By Eva RoytburgMarch 9, 2026
trump
CommentarySomething will cause inflation to go up this year, but it’s not oil
By Steve H. Hanke and John GreenwoodMarch 9, 2026
Like Trump, Iran’s new supreme leader is a real estate mogul, with a house on ‘Billionaires’ Row,’ a villa in Dubai, and upscale European hotels
Middle EastLike Trump, Iran’s new supreme leader is a real estate mogul, with a house on ‘Billionaires’ Row,’ a villa in Dubai, and upscale European hotels
By Jason MaMarch 9, 2026
three men speak on conference stage
CryptoDubai’s signature Token2049 crypto event set to go forward even as other conferences hit pause amid growing conflict
By Carlos GarciaMarch 9, 2026
A plume of smoke rises from the port of Jebel Ali following a reported Iranian strike in Dubai on March 1, 2026.
Middle EastIran’s attacks on Amazon data centers in UAE, Bahrain signal a new kind of war as AI plays an increasingly strategic role, analysts say
By Jeremy KahnMarch 9, 2026
Photo of Donald Trump
EnergyTrump promised to fill America’s oil reserves ‘right to the top.’ A year later, oil has exceeded $100 and they’re still less than 60% full
By Tristan BoveMarch 9, 2026
mission accomplished
Middle EastInvestors priced in a 6-week Iraq War, but it lasted 8 years and cost $3 trillion. They’re doing it again
By Nick LichtenbergMarch 9, 2026
Odds of a stock market meltdown with 1970s-style stagflation jump to 35% this year, veteran strategist warns
EconomyOdds of a stock market meltdown with 1970s-style stagflation jump to 35% this year, veteran strategist warns
By Jason MaMarch 9, 2026
Oil over $100, markets in free fall, and Iran’s new supreme leader is Trump’s ‘worst case’ scenario
EnergyOil over $100, markets in free fall, and Iran’s new supreme leader is Trump’s ‘worst case’ scenario
By Jim EdwardsMarch 9, 2026
US President Donald Trump salutes during a dignified transfer at Dover Air Force Base in Dover, Delaware, US, on Saturday, March 7, 2026.
EconomyWhen it comes to the war in Iran don’t go betting on the TACO trade, says top J.P. Morgan investment strategist
By Eleanor PringleMarch 9, 2026
Oil prices soar past $110 while Dow futures sink 1,000 points as Iran war spirals into worst-case fears and U.S. eyes Special Forces mission
EconomyOil prices soar past $110 while Dow futures sink 1,000 points as Iran war spirals into worst-case fears and U.S. eyes Special Forces mission
By Jason MaMarch 8, 2026
Photo of burning gas flares at a refinery
Energy‘Nightmare scenario’ looms as global markets head for the biggest oil output disruption in history, top energy guru warns
By Jason MaMarch 8, 2026
Fortune Archives: Iran’s heartbreakingly brief startup spring
NewslettersFortune Archives: Iran’s heartbreakingly brief startup spring
By Indrani SenMarch 8, 2026
Forget the U.S. Navy. The best protection for ships traveling through the Strait of Hormuz may be claiming to be a ‘Chinese’ or ‘Muslim’ vessel
EnergyForget the U.S. Navy. The best protection for ships traveling through the Strait of Hormuz may be claiming to be a ‘Chinese’ or ‘Muslim’ vessel
By Jason MaMarch 7, 2026
An explosion in Tehran.
EnergyOil and gas shutdowns in Iraq and Kuwait widen the Iran war’s impact on energy prices, while the U.S. lines up insurance and naval escorts in response
By Jordan BlumMarch 7, 2026
Saad Sherida al-Kaabi, Qatar's Energy Minister
EnergyIran conflict could ‘bring down the economies of the world,’ warns one of the Middle East’s biggest energy exporters
By Tristan BoveMarch 6, 2026
iran
CommentaryBypassing Hormuz: how technology, not territory, will win the new energy war
By Siddharth MisraMarch 6, 2026
Photo: US President Donald Trump during an event with Inter Miami CF in the East Room of the White House in Washington, DC, US, on Thursday, March 5, 2026. Inter Miami CF is visiting the White House to celebrate their 2025 championship win.
PoliticsIran is turning out to be a more effective enemy than many thought, and U.S. allies are losing their patience with the war
By Jim EdwardsMarch 6, 2026
The President is surprised by the lack of European support for military action against Iran—he shouldn’t be
EuropeThe President is surprised by the lack of European support for military action against Iran—he shouldn’t be
By Kamal AhmedMarch 6, 2026
hegseth
Middle EastPete Hegseth called it ‘quiet death’—the first time a U.S. sub fired a torpedo and hit an enemy ship since the 1940s
By James Dwyer and The ConversationMarch 6, 2026
An older and younger man embrace at an airport.
Middle East23,000 canceled flights and debris raining on Dubai hotels: The Iran war is jeopardizing the $12 trillion global travel industry
By Sasha RogelbergMarch 6, 2026
Paul Krugman speaking while seated on stage.
Middle EastThe Iran conflict will be the ’straw that breaks the camel’s back’ for the U.S. economy if it goes on much longer, Nobel laureate Paul Krugman warns
By Tristan BoveMarch 6, 2026
Photo: Volunteers stand amid the debris of destroyed buildings at the site of an Israeli airstrike in the southern Lebanese city of Nabatieh on March 5, 2026. Israel launched on March 5 a fresh wave of strikes on Iran, which stepped up its attacks on Gulf nations Qatar and Bahrain, as the Middle East war spread throughout the region and beyond. (Photo by Mouhammad al-ZANATY / AFP)
PoliticsIn the Iran war, it’s not the oil that’s important—it’s the water
By Jim EdwardsMarch 5, 2026
A family sits against the backdrop of a dockyard off coast city of Fujairah, in the Strait of Hormuz in the northern Emirate on February 25, 2026. (Photo by Giuseppe CACACE / AFP via Getty Images)
EnergyTrump pledged the ‘free flow of energy’ from the Middle East, and he has a week to show progress before prices really spike again
By Jordan BlumMarch 5, 2026
President Donald Trump gesturing during his State of the Union address
Middle EastDespite a $200 billion price tag, Trump admits the Iran war could just swap one bad leader for another
By Tristan BoveMarch 4, 2026
mossadegh
CommentaryOne key difference on America and Iran, then and now: the CIA had a plan for what would happen in 1953
By Gregory F. Treverton and The ConversationMarch 4, 2026
Wilbur Ross, former US commerce secretary.
Middle EastThe U.S. has shown China and Russia ‘who really is a military power,’ says Trump’s ex–commerce secretary. Don’t expect them to get involved in Iran
By Eleanor PringleMarch 4, 2026
A view of the liquefied natural gas (LNG) production facility in Qatar's Ras Laffan Industrial City. Photo: Stringer/dpa (Photo by Stringer/picture alliance via Getty Images)
EnergyU.S. oil and gas exporters can’t fill the Middle East supply gap, but Trump’s pledge to insure and protect tankers stems the tide on surging prices
By Jordan BlumMarch 3, 2026
Trump’s strike on Iran and the new breed of AI wars mean bombs can drop faster than the speed of thought
AITrump’s strike on Iran and the new breed of AI wars mean bombs can drop faster than the speed of thought
By Jake AngeloMarch 3, 2026
Economist Mohamed El-Erian
EconomyTop economist Mohamed El-Erian warns of stagflation gripping the entire world economy the longer the Iran war goes on
By Tristan BoveMarch 3, 2026
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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
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MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last yearplaceholder alt text
By Sydney LakeJune 25, 2026
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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 fasterplaceholder alt text
By Preston ForeJune 27, 2026
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