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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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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
PoliticsDOGE

Elon Musk says DOGE has no power to cut costs: ‘We are merely advisors’

Marco Quiroz-Gutierrez
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Marco Quiroz-Gutierrez
Marco Quiroz-Gutierrez
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Marco Quiroz-Gutierrez
By
Marco Quiroz-Gutierrez
Marco Quiroz-Gutierrez
Reporter
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May 20, 2025, 1:42 PM ET
Elon Musk, Tesla CEO and advisor to President Donald Trump, spoke Tuesday during the Qatar Economic Forum in Doha.
Elon Musk, Tesla CEO and advisor to President Donald Trump, spoke Tuesday during the Qatar Economic Forum in Doha.Christopher Pike—Bloomberg via Getty Images
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  • Elon Musk said at the Qatar Economic Forum Tuesday DOGE has no power to enforce its major cost cuts and serves merely as an advisor. On the subject of Musk’s originally-stated $2 trillion cost-cutting goal for DOGE, the world’s richest man placed blamed people in the three branches of government who don’t want big cost savings.

Elon Musk said at the Qatar Economic Forum Tuesday that his cost-cutting venture, the Department of Government Efficiency (DOGE) has no power and instead is merely an advisor.

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Asked about the possible conflict of interest arising from the Tesla and SpaceX CEO’s government influence and concurrent government contracts, the world’s richest man said although DOGE is making cost-cutting decisions, it doesn’t have the power to act on them.

“I am certainly an advisor. I don’t have formal power, and that’s it. The president can choose to accept my advice or not. And that’s how it goes,” he said.

Musk has previously made bold claims about DOGE and its reach. Initially, he sought to cut at least $2 trillion from the federal budget before revising it down to $1 trillion, and has previously confirmed DOGE is “broadly” present across all federal departments.

Musk claimed Tuesday DOGE had only limited power, and he emphasized the $170 billion DOGE has claimed to have cut thus far is good progress given the time it has operated. The advisory department is set to sunset on July 4, 2026.

“We’re not the dictators of the government. We are the advisors. And so we can advise, and the progress we’ve made thus far, I think, is incredible,” Musk said. “The DOGE team has done incredible work, but the magnitude of the savings is proportionate to the support we get from Congress and from the executive branch of the government in general.” 

Starting in May, Musk said he would mostly divert his attention back to his struggling EV maker Tesla, but said he would continue to spend “a day or two” per week on government matters as long as President Donald Trump wants him to. 

Despite his role as a close advisor of the president, Musk has often clashed with Trump officials, including Secretary of State Marco Rubio and Treasury Secretary Scott Bessent.

On the amended $2 trillion original DOGE cost-cutting goal, Musk was noncommittal, instead placing the blame on the other branches of government “that are, to some degree, opposed to that level of cost savings.” 

Still, he said so far, DOGE’s cost-cutting efforts have been going well.

“I don’t think any advisory group has done better in the history of advisory groups for the government,” he said.

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Marco Quiroz-Gutierrez is a reporter for Fortune covering general business news.

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