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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

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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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
Nike’s earning numbers exceeded Wall Street’s expectations. But CEO Elliott Hill’s next test is the World Cup
RetailNike’s earning numbers exceeded Wall Street’s expectations. But CEO Elliott Hill’s next test is the World Cup
By Mia OsmonbekovJune 30, 2026
Dell’s AI boom is real, but so is the profit margin hit nobody is pricing in
AIDell’s AI boom is real, but so is the profit margin hit nobody is pricing in
By Mia OsmonbekovJune 30, 2026
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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
More Middle EastPage 9 of 15
JD Vance says Iran is ‘clearly not very good at war’ and should seek peace while declaring the U.S. has ‘no interest’ in ground troops
Middle EastJD Vance says Iran is ‘clearly not very good at war’ and should seek peace while declaring the U.S. has ‘no interest’ in ground troops
By Jason MaJune 22, 2025
Oil prices could spike 10% after the U.S. attack on Iran — ‘But don’t be fooled, this may not last’
Middle EastOil prices could spike 10% after the U.S. attack on Iran — ‘But don’t be fooled, this may not last’
By Jason MaJune 22, 2025
Pentagon says U.S. strikes ‘devastated’ Iran’s nuclear program but weren’t aimed at regime change
Middle EastPentagon says U.S. strikes ‘devastated’ Iran’s nuclear program but weren’t aimed at regime change
By AFPJune 22, 2025
Fire and smoke rise into the night sky after an Israeli attack on the Shahran oil depot.
Middle EastWhat the Iran/Israel conflict means for U.S. energy prices going forward
By Jordan BlumJune 16, 2025
Former U.S. President and current Republican Presidential nominee Donald Trump speaks about the economy, inflation, and manufacturing during a campaign event at Alro Steel.
FinanceOil prices surge after Israel’s attack on Iran. Trump urges Iran to ‘make a deal before there is nothing left’
By Christiaan HetznerJune 13, 2025
How Bahrain uses its small size—and being Saudi Arabia’s neighbor—to its advantage 
ConferencesHow Bahrain uses its small size—and being Saudi Arabia’s neighbor—to its advantage 
By Steve MollmanMay 31, 2025
Half the world population could be diabetic or insulin resistant by 2050
ConferencesHalf the world population could be diabetic or insulin resistant by 2050
By Ian MountMay 26, 2025
Visa exec says Saudi businesswomen are showing a ‘very aggressive’ side as traditional barriers to success crumble 
ConferencesVisa exec says Saudi businesswomen are showing a ‘very aggressive’ side as traditional barriers to success crumble 
By John KellMay 23, 2025
Two women work at an auto repair shop in Saudi Arabia.
MPWSaudi Arabia has doubled the share of women in the workforce since 2015—but obstacles remain
By Alicia AdamczykMay 23, 2025
BCG leader calls for optimism amid AI doom and gloom, and says enabling young people to ‘build and shape the future’ is key
ConferencesBCG leader calls for optimism amid AI doom and gloom, and says enabling young people to ‘build and shape the future’ is key
By John KellMay 22, 2025
Former U.K. prime minister Theresa May says ex-world leaders need to stop commenting on everything: ‘be a measured voice’
ConferencesFormer U.K. prime minister Theresa May says ex-world leaders need to stop commenting on everything: ‘be a measured voice’
By Orianna Rosa RoyleMay 21, 2025
Decentralizing computing power is key to avoiding an AI divide between the wealthy and the Global South
TechDecentralizing computing power is key to avoiding an AI divide between the wealthy and the Global South
By Ian MountMay 21, 2025
Fortune Most Powerful Women International Riyadh logo
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By Fortune EditorsMay 20, 2025
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PoliticsWhy filling the Strategic Petroleum Reserve could be the secret to success of Trump’s Middle East visit
By Jordan BlumMay 16, 2025
Donald Trump and Saudi Crown Prince Mohammed bin Salman walk together
PoliticsSaudi Arabia’s $600 billion promise to the U.S. needs oil prices to stay high—which will likely anger Trump
By Irina IvanovaMay 15, 2025
Potential customers inspect a new BYD vehicle on a showroom floor.
FeaturesBP’s chief U.S. economist worries China is winning the global energy war. Here’s why
By Jordan BlumMay 14, 2025
Saudi Arabia wants to build its post-oil future with massive AI data centers — Trump and U.S. tech have big incentives to oblige
TechSaudi Arabia wants to build its post-oil future with massive AI data centers — Trump and U.S. tech have big incentives to oblige
By Sharon GoldmanMay 13, 2025
Queen Elizabeth II presents Godolphin founder Sheikh Mohammed bin Rashid Al Maktoum with a trophy during day five of Royal Ascot at Ascot Racecourse.
PoliticsSovereignty’s Kentucky Derby win cemented the UAE prime minister’s dominance of horse racing
By Greg McKennaMay 6, 2025
Exxon Mobil chairman and CEO Darren Woods talks while seated at a conference.
InvestingExxon and Chevron hold the line against tariffs, OPEC, and plunging oil prices
By Jordan BlumMay 2, 2025
Geopolitics helps drive Middle Eastern money to Asia as wealthy Gulf investors hedge their bets
FinanceGeopolitics helps drive Middle Eastern money to Asia as wealthy Gulf investors hedge their bets
By Nicholas GordonApril 20, 2025
A drilling rig is pictured at an oil well site in the Permian Basin with trucks of workers and equipment lined up.
EnvironmentU.S. oil prices dip below nerve-wracking $60 threshold with record-high production in the balance
By Jordan BlumApril 7, 2025
In the reeling energy sector, an unexpected OPEC production hike plus tariff fears send oil prices plunging 7%
PoliticsIn the reeling energy sector, an unexpected OPEC production hike plus tariff fears send oil prices plunging 7%
By Jordan BlumApril 3, 2025
Rachel Zegler attends the World Premiere of Walt Disney Studios' "Snow White" at El Capitan Theatre on March 15, 2025 in Los Angeles, California
Companies‘Snow White’ producer’s son defends his dad reprimanding star Rachel Zegler over ‘immature desires’ that ‘hurt the film’s box office’
By Christiaan HetznerMarch 27, 2025
Vice President JD Vance and Secretary of Defense Pete Hegseth sitting on a couch in the Oval Office
PoliticsLeaked text messages reveal the U.S. bombed the Houthis’ ‘top missile guy’ as he was ‘walking into his girlfriend’s building’
By Paolo ConfinoMarch 26, 2025
Yemeni children, one of them carrying a mock missile, walk next to a billboard depicting the Houthi leader Abdul Malik Al-Houthi to partake in a demonstration staged against the United States' aerial attacks on the capital Sana'a, and other provinces on March 17, 2025 in Sana'a, Yemen
PoliticsJD Vance says the Suez Canal only matters for European trade. He is both correct and mistaken at the same time, a top strategist says
By Greg McKennaMarch 26, 2025
Is Saudi Arabia the next China or India? See for yourself
CommentaryIs Saudi Arabia the next China or India? See for yourself
By Angela Chitkara and Curtis S. ChinMarch 6, 2025
U.S. President Donald Trump, accompanied by Israeli Prime Minister Benjamin Netanyahu (L), speaks during a meeting in the Oval Office of the White House on February 04, 2025.
PoliticsPresident Trump reveals vision for Gaza in AI video with luxury yachts, belly dancers, and a towering gold statue of himself
By Christiaan HetznerFebruary 26, 2025
French President Macron denounces Trump’s Gaza takeover plan: ‘The right answer is not a real estate operation’
PoliticsFrench President Macron denounces Trump’s Gaza takeover plan: ‘The right answer is not a real estate operation’
By Alena BotrosFebruary 12, 2025
Trump once again likens Chuck Schumer to Palestinian people while doubling down on his Gaza takeover proposal
PoliticsTrump once again likens Chuck Schumer to Palestinian people while doubling down on his Gaza takeover proposal
By Alena BotrosFebruary 6, 2025
U.S. President Donald Trump arrives to speak during an election night event
PoliticsTrump’s proposal of U.S. developing Gaza into ‘Middle East Riviera’ draws global outrage: ‘Ethnic cleansing by another name’
By Christiaan HetznerFebruary 5, 2025
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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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