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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

Anthropic CEO Dario Amodei pointing to his head.
At the heart of Anthropic’s clashes with the U.S. government, a decision not to play by the new rules of Trump’s Washington

Most tech companies have tried to curry favor with the White House and hired ‘Trump whisperers.’ Anthropic has stood on principle, and suffered the consequences.

By Jeremy KahnJune 30, 2026
The VCs betting founders need a village, not a blank check
The VCs betting founders need a village, not a blank check
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
Latest Stories
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
Image of colored bar charts with one being pushed up.
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
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
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Top analyst: 71% of SpaceX’s $2 trillion value rests on AI. Grok’s numbers are ‘almost comical’ by comparison
Startups & VentureTop analyst: 71% of SpaceX’s $2 trillion value rests on AI. Grok’s numbers are ‘almost comical’ by comparison
By Mia OsmonbekovJune 15, 2026
Shotwell stands and smiles widely
InvestingHere’s how SpaceX’s debut stacks up against other major IPOs
By Jacqueline MunisJune 15, 2026
roku
Big TechFox is buying Roku for $22 billion to become the third-largest U.S. TV platform
By Michelle Chapman and The Associated PressJune 15, 2026
Eric Nguyen, Michael Poli, Stefano Massaroli, and Armin Thomas stand and pose for a photo
AIExclusive: The researchers who built AI-generated DNA just raised $50 million to reinvent biology
By Lily Mae LazarusJune 15, 2026
The SpaceX IPO marks a lopsided win for venture
NewslettersThe SpaceX IPO marks a lopsided win for venture
By Allie GarfinkleJune 15, 2026
Animoca Brands cofounder Yat Siu argues Asia will fuse AI and the blockchain before the West does
AsiaAnimoca Brands cofounder Yat Siu argues Asia will fuse AI and the blockchain before the West does
By Angelica AngJune 15, 2026
Gwynne Shotwell, President & COO, SpaceX
Startups & VentureMeet Gwynne Shotwell, the engineer-turned-COO who runs SpaceX in platform heels and is now worth over $2 billion
By Eva RoytburgJune 15, 2026
SpaceX surge further boosts Saudi billionaire prince’s fortune
InvestingSpaceX surge further boosts Saudi billionaire prince’s fortune
By Adveith Nair and BloombergJune 14, 2026
Just months after Trump warned states not to regulate AI, Republican and Democratic lawmakers are doing it anyway
PoliticsJust months after Trump warned states not to regulate AI, Republican and Democratic lawmakers are doing it anyway
By Marc Levy and The Associated PressJune 14, 2026
SpaceX went from three consecutive rocket explosions and near-bankruptcy in 2008 to the biggest IPO in history
Startups & VentureSpaceX went from three consecutive rocket explosions and near-bankruptcy in 2008 to the biggest IPO in history
By Marco Quiroz-GutierrezJune 14, 2026
Whop CEO Steven Schwartz
SuccessThe Gen Z cofounder of $1.6 billion Whop says his platform has minted over 650 millionaires—he wants to make work fun and money worries obsolete
By Emma BurleighJune 14, 2026
The hottest debate on Wall Street right now: Does the flood of mega-IPOs and new shares signal a downturn ahead? That depends
InvestingThe hottest debate on Wall Street right now: Does the flood of mega-IPOs and new shares signal a downturn ahead? That depends
By Jason MaJune 13, 2026
You can ignore AI giants like SpaceX, but your 401(k) won’t
InvestingYou can ignore AI giants like SpaceX, but your 401(k) won’t
By Stan Choe and The Associated PressJune 13, 2026
OpenAI hit with multistate probe into possible user harm, days after filing for a highly anticipated IPO
AIOpenAI hit with multistate probe into possible user harm, days after filing for a highly anticipated IPO
By Bernard Condon and The Associated PressJune 13, 2026
Melinda French Gates’ advice to new IPO millionaires: ‘Give half your money away’
Startups & VentureMelinda French Gates’ advice to new IPO millionaires: ‘Give half your money away’
By Emma HinchliffeJune 13, 2026
Aravind Srinivas wearing glasses
SuccessCEO of $20 billion AI firm Perplexity says the secret to success is ‘sleeping with that fear’ that your competitor will steal your idea
By Preston ForeJune 13, 2026
Bret Johnsen looks up, smiling, as he claps his hands.
C-SuiteSpaceX CFO Bret Johnsen quietly engineered its historic IPO and became an overnight billionaire
By Sasha RogelbergJune 13, 2026
How Elon Musk rewrote SpaceX’s story—and turned it into the greatest IPO debut in history
InnovationHow Elon Musk rewrote SpaceX’s story—and turned it into the greatest IPO debut in history
By Shawn TullyJune 13, 2026
Elon Musk stands behind the Nasdaq opening bell and in front of a "SpaceX" background.
Startups & VentureFounders Fund, Andreessen Horowitz, Valor, and the biggest VC winners from SpaceX’s IPO
By Allie GarfinkleJune 12, 2026
Elon Musk stands behind the Nasdaq opening bell and in front of a "SpaceX" background.
Future of WorkDespite his new trillionaire status, Elon Musk says money ‘will stop being relevant’ in the future because of AI
By Sasha RogelbergJune 12, 2026
DoorDash wants you to stop scrolling and just tell its new AI chatbot what you’re hungry for
RetailDoorDash wants you to stop scrolling and just tell its new AI chatbot what you’re hungry for
By Dave Lozo and Morning BrewJune 12, 2026
On the day of a historic IPO, SpaceX’s president is already hinting at a Tesla merger: ‘That might make Elon Musk’s life a little easier’
C-SuiteOn the day of a historic IPO, SpaceX’s president is already hinting at a Tesla merger: ‘That might make Elon Musk’s life a little easier’
By Marco Quiroz-GutierrezJune 12, 2026
owen
InvestingThe economist who said ‘no bubble’ just sounded the alarm: ‘The season of chaos is at hand’
By Nick LichtenbergJune 12, 2026
elon
Startups & VentureElon’s wealth: 1 trillion dollar bills would stretch 97 million miles, to the moon and back over 200x
By Wyatte Grantham-Philips and The Associated PressJune 12, 2026
With SpaceX IPO, Elon Musk is the world’s first trillionaire—but he mostly lives in a tiny home in south Texas. ‘There is no food in the fridge’
Startups & VentureWith SpaceX IPO, Elon Musk is the world’s first trillionaire—but he mostly lives in a tiny home in south Texas. ‘There is no food in the fridge’
By Jason MaJune 12, 2026
Elon Musk’s wealth could double the economy of his native South Africa as world’s first trillionaire
Startups & VentureElon Musk’s wealth could double the economy of his native South Africa as world’s first trillionaire
By The Associated Press and Wyatte Grantham-PhilipsJune 12, 2026
musk
Startups & VentureElon Musk, the trillionaire: pay packets go multi-planetary in SpaceX IPO
By Bernard Condon and The Associated PressJune 12, 2026
Bridgit Mendler speaking at Fortune's conference
SuccessEx-Disney star Bridgit Mendler reveals she was rejected hundreds of times by Hollywood—but it primed her for her current job as a space start-up CEO
By Preston ForeJune 12, 2026
Live updates from SpaceX IPO debut: SpaceX valuation at $2.1 trillion as stock closes at $161.11 following record first day of trading
InvestingLive updates from SpaceX IPO debut: SpaceX valuation at $2.1 trillion as stock closes at $161.11 following record first day of trading
By Catherina GioinoJune 12, 2026
SpaceX headquarters outside
Startups & VentureSpaceX’s first employee, Tom Mueller, thinks the historic IPO is just the beginning
By Lily Mae LazarusJune 12, 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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