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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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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

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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
TechJeff Bezos

Jeff Bezos Had a Record-Breaking One-Year Net Worth Jump

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Natasha Bach
Natasha Bach
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Natasha Bach
Natasha Bach
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March 9, 2018, 11:20 AM ET
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Jeff Bezos didn’t just top this year’s list of the World’s Billionaires.

With a $112 billion net worth, he not only leapfrogged over Bill Gates with his $90 billion, but also managed the biggest single-year increase of any individual on the list in the last 100 years—and became the first ever centi-billionaire.

To reach his record-breaking $112 billion, Bezos’s net worth jumped $39.2 billion over the last year. He outdid his own previous record, which was a one-year climb of $27.6 billion between 2016 and 2017, and the previously biggest one-year increase held by Larry Ellison whose net worth jumped $27.5 billion from 1999 to 2000.

But Bezos isn’t stopping there. Since the publication of the World’s Billionaires list, Bezos’s net worth has reportedly already increased to $127.8 billion—a $15.8 billion jump in less than a month. If the start of this year is any indication, Bezos is well-positioned to break his own record again next year. Unless, of course, Bezos’s pal at the top of the list Bill Gates is right: he fears another recession could be imminent.

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