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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

3

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

Yuri Milner adds $1.7 billion to his VC war chest

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Dan Primack
Dan Primack
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Dan Primack
Dan Primack
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August 3, 2015, 3:06 PM ET
BRITAIN-SPACE-BREAKTHROUGH
Russian entrepreneur and co-founder of the Breakthrough Prize, Yuri Milner, attends a press conference in London on July 20, 2015, where he and British scientist Stephen Hawking annouced the launch of Breakthrough Initiative, a new project to attempt to detect life in the Cosmos. AFP PHOTO / NIKLAS HALLE'N (Photo credit should read NIKLAS HALLE'N/AFP/Getty Images)Photograph by Niklas Halle'n — AFP/Getty Images
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DST Global, the venture capital and growth equity firm led by Yuri Milner, has raised $1.7 billion for its fifth fund, according to a filing with the SEC.

It is unclear if this represents a final close, or if DST is still soliciting new capital.

Milner is a Moscow-based tech entrepreneur who first made a name for himself in Silicon Valley by leading a 2009 investment in Facebook (FB) that valued the social network at $10 billion (at least 20% higher than anyone else would bid).

He subsequently invested in U.S. tech companies as Zynga (ZNGA), Groupon (GRPN), Twitter (TWTR) and Airbnb, before turning his attentions toward Chinese and Indian companies like Alibaba (BABA), Xiaomi and Flipkart. Other portfolio companies include Spotify and Slack.

DST does not generally discuss its fundraising efforts, but SEC filings suggest that its third and fourth general funds had an aggregate gross asset value of around $2.87 billion through the end of March. The group also has dozens of other investment vehicles, including many that focus on China.

Milner did not return a request for comment.

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