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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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Startups & Venture

The VCs betting founders need a village, not a blank check
The VCs betting founders need a village, not a blank check

Raj and Sunny Singh Sandhu closed Vicus Ventures’s debut fund at $55 million, turning down ‘way more’ capital to stay focused.

By Allie GarfinkleJune 30, 2026
Brown University Professor Roberto Serrano, a man in a suit holding onto a gold trophy--the King Of Spain Economy Award"-- before Spain's King Felipe and a painted wall.
‘Humanity has chosen to become idiots’: This Brown professor switched to take-home exams after a mass shooting and discovered mass cheating
By Catherina GioinoJune 29, 2026
Quantinuum rings the IPO bell at the Nasdaq
Why BlackRock, Nvidia, and Temasek are betting billions on quantum computing
By Lily Mae LazarusJune 29, 2026
NASA plans daring robotic rescue mission to prevent an aging space telescope from falling back to Earth, and the legendary Hubble could be next
NASA plans daring robotic rescue mission to prevent an aging space telescope from falling back to Earth, and the legendary Hubble could be next
By Marcia Dunn and The Associated PressJune 28, 2026
Ex-Google engineer says Larry Page, Sergey Brin and Sundar Pichai share the same trait—it’s the lesson he swears by as a $7.2 billion AI CEO
Ex-Google engineer says Larry Page, Sergey Brin and Sundar Pichai share the same trait—it’s the lesson he swears by as a $7.2 billion AI CEO
By Orianna Rosa RoyleJune 28, 2026
Anthropic’s Alibaba fight raises a trillion-dollar question for IPO: How defensible is a frontier AI moat against China with Washington’s toolbox?
Anthropic’s Alibaba fight raises a trillion-dollar question for IPO: How defensible is a frontier AI moat against China with Washington’s toolbox?
By Mia OsmonbekovJune 28, 2026
Latest Stories
Comcast’s split brings former CFO Michael Angelakis back as CEO
AIComcast’s split brings former CFO Michael Angelakis back as CEO
By Sheryl EstradaJune 30, 2026
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CommentaryThe U.S. Army is opening military bases to private billions — here’s why that changes everything for the next 250 years
By Marc AndersenJune 30, 2026
US President Donald Trump arrives to speak during a Rose Garden Club dinner with American farmers at the White House in Washington, DC, on June 25, 2026.
EconomyTrump takes his inflation battle to gas retailers after his plot against the Fed runs aground—sets target for $2.50 a gallon
By Eleanor PringleJune 30, 2026
Mark Zuckerberg, CEO of Meta
EconomyAI stocks are in an ‘air pocket’ and Meta and Microsoft are being traded like ‘bear market names that cannot be owned,’ top analyst says
By Jim EdwardsJune 30, 2026
mcmaster
CommentaryBoston Dynamics CEO: America’s next 250 years will be built by robots. Here’s what’s standing in the way
By Amanda McMasterJune 30, 2026
Gulf bond markets extend their rally despite uncertain outlook
NewslettersGulf bond markets extend their rally despite uncertain outlook
By Melissa HancockJune 30, 2026
GCC debt markets have rallied since the ceasefire, but tight liquidity remains a key hurdle 
Middle EastGCC debt markets have rallied since the ceasefire, but tight liquidity remains a key hurdle 
By Melissa HancockJune 30, 2026
America’s AI hunger has reached the Nashville Zoo and its endangered animals may be the ones to pay the price
EnvironmentAmerica’s AI hunger has reached the Nashville Zoo and its endangered animals may be the ones to pay the price
By Marco Quiroz-GutierrezJune 30, 2026
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RetailMore than a club: how Paris Saint-Germain took inspiration from the Barcelona slogan and the New York Yankees cap to create a global business brand
By Nick LichtenbergJune 28, 2026
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EnvironmentThe retired college professor fighting a $313 trespassing ticket in Wisconsin thinks he’s part of a national struggle
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CommentaryShell Foundation CEO: climate tech works. Getting it to a billion people who need it is the hard part
By Jonathan BermanJune 26, 2026
Exclusive: Framework Ventures raises $400 million for fourth fund as firm expands beyond crypto
NewslettersExclusive: Framework Ventures raises $400 million for fourth fund as firm expands beyond crypto
By Ben WeissJune 26, 2026
VivaTech entrance in Paris.
NewslettersEurope’s AI wake-up call: Cybersecurity threats, sovereignty fears, and a growing demand for ROI dominated VivaTech
By Beatrice NolanJune 25, 2026
Samin Menon (left) Neil Movva (right)
Startups & VentureExclusive: A former Apple engineer thinks AI infrastructure is built for the wrong future. Investors just gave him $80 million to fix it
By Lily Mae LazarusJune 25, 2026
Lux Capital cofounder Josh Wolfe’s limited-odds, high-stakes 2027 predictions
NewslettersLux Capital cofounder Josh Wolfe’s limited-odds, high-stakes 2027 predictions
By Allie GarfinkleJune 25, 2026
‘Godmother of AI’ and tech entrepreneurs draw investors by pivoting from chatbots to ‘world models’ saying AI has to read the room, not just books
AI‘Godmother of AI’ and tech entrepreneurs draw investors by pivoting from chatbots to ‘world models’ saying AI has to read the room, not just books
By The Associated PressJune 24, 2026
Institute's Global Conference at the Beverly Hilton Hotel,on May 6, 2024 in Beverly Hills, California.
RetailElon Musk was the world’s first trillionaire for 12 days
By Eva RoytburgJune 24, 2026
Taktile cofounders Maik Taro Wehmeyer (left) and Maximilian Eber (right) stand side by side, smiling at the camera.
Startups & VentureExclusive: Taktile raises $110 million from Goldman Sachs, Tiger Global to automate high-stakes financial decisions 
By Camila Grigera NaónJune 24, 2026
steve
CommentarySteve Case: America was built by entrepreneurs. Here’s how we keep that edge for the next 250 years
By Steve CaseJune 24, 2026
(left to right) Andrew Berman, Tal Peretz, and Vitor Balocco
AIExclusive: Vinod Khosla wanted ‘every available dollar’ of Runlayer’s funding round. It just raised $30 million to govern the agent workforce
By Lily Mae LazarusJune 24, 2026
The founding team at Seltz, a startup trying to reinvent web search for AI agents, pose for a group photo with San Francisco's Golden Gate Bridge in the background.
Startups & VentureExclusive: Seltz, a startup rebuilding web search for AI agents, raises $12.5 million in seed funding
By Jeremy KahnJune 24, 2026
As mega-funds grab 72% of all capital raised, the gap between VC’s haves and have-nots keeps widening
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By Allie GarfinkleJune 24, 2026
rh
AIReid Hoffman says SpaceX ‘isn’t an AI company,’ xAI is ‘a complete train wreck’—and there’s room for both OpenAI and Anthropic
By Nick LichtenbergJune 24, 2026
Tesla cofounder JB Straubel’s first pitch to Elon Musk failed. Then he turned his ‘hobby’ into a $1.3 trillion success
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By Rachel VentrescaJune 24, 2026
Anthropic logo behind phone with Claude logo.
AIAnthropic launches Claude Tag, a tool that works like a virtual employee within Slack
By Beatrice NolanJune 23, 2026
Cursor’s 25-year-old CEO turned a Discord server into a talent pipeline to build his $60 billion SpaceX-backed AI company
AICursor’s 25-year-old CEO turned a Discord server into a talent pipeline to build his $60 billion SpaceX-backed AI company
By Sydney LakeJune 23, 2026
Exclusive: Crypto analytics startup Allium raises $40 million to tame blockchain data for Wall Street
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By Ben WeissJune 23, 2026
Probook founders (from left to right) Ben Cervantez, George Eliadis and Lewis Zhang
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By Lily Mae LazarusJune 23, 2026
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By Douglas P. McCormickJune 23, 2026
Insilico Medicine, SK Biopharmaceuticals strike $2.5B AI drug discovery deal targeting neuroimmune therapies
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By Nicholas GordonJune 22, 2026
Elon Musk will get a billion shares of SpaceX if he can settle a million humans on Mars
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By Catherina GioinoJune 22, 2026
Thibault Sottiaux, Head of Core Product and Platform OpenAI, speaking.
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By Beatrice NolanJune 22, 2026
Americans are fleeing the U.S. at record rates—an ex-Google engineer who left India to build a $7.2 billion AI firm says they’re making a huge mistake
SuccessAmericans are fleeing the U.S. at record rates—an ex-Google engineer who left India to build a $7.2 billion AI firm says they’re making a huge mistake
By Orianna Rosa RoyleJune 22, 2026
Europe must take opportunity to ‘dream bigger’ if it’s to seize its innovation moment
MagazineEurope must take opportunity to ‘dream bigger’ if it’s to seize its innovation moment
By Francesca CassidyJune 22, 2026
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
Barun Kar and Rajiv Khemani
Startups & VentureExclusive: Upscale AI wants to be the next Cisco—and it just raised another $190 million
By Lily Mae LazarusJune 22, 2026
Exclusive: Index Ventures, Union Square Ventures back trading app Fomo at $550 million valuation
NewslettersExclusive: Index Ventures, Union Square Ventures back trading app Fomo at $550 million valuation
By Ben WeissJune 22, 2026
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CybersecurityThe U.K. just banned social media for kids under 16. The founder of ‘safe TikTok’ says the U.S. is next
By Nick LichtenbergJune 21, 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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