• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

The millennial generation has split, new Fed research shows: Those over 35 are edging toward boomer-style wealth, while everyone else falls behind

2

Scott Bessent casually says the U.S. has more than $1 trillion in gold—and that it doesn’t matter for the dollar

3

Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock

1

The millennial generation has split, new Fed research shows: Those over 35 are edging toward boomer-style wealth, while everyone else falls behind

2

Scott Bessent casually says the U.S. has more than $1 trillion in gold—and that it doesn’t matter for the dollar

3

Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock
PoliticsDOGE

Elon Musk hits back at Bill Gates’ claim that DOGE cuts could lead to deaths of children: ‘I’d like him to show us any evidence’

Eleanor Pringle
By
Eleanor Pringle
Eleanor Pringle
Senior Reporter, Economics and Markets
Down Arrow Button Icon
Eleanor Pringle
By
Eleanor Pringle
Eleanor Pringle
Senior Reporter, Economics and Markets
Down Arrow Button Icon
May 21, 2025, 7:00 AM ET
Left: Bill Gates at The 11th Breakthrough Prize Ceremony held at Barker Hanger on April 05, 2025 in Santa Monica, California. (Photo by Gilbert Flores/Variety via Getty Images) Right: Elon Musk, wearing two hats, speaks during a cabinet meeting in the Cabinet Room of the White House in Washington, DC, on April 30, 2025. (Photo by Jim WATSON / AFP) (Photo by JIM WATSON/AFP via Getty Images)
Bill Gates (L) has warned DOGE's work, headed by Elon Musk (R) could endanger the lives of children, which Musk has robustly denied.Left to right: Gilbert Flores/Variety - Getty Images, R: JIM WATSON/AFP - Getty Images
Add Fortune on Google for similar content.
  • Elon Musk rejected Bill Gates’s claim that the Department of Government Efficiency (DOGE) is endangering children’s lives by slashing USAID funding, calling Gates a liar and demanding evidence of harm. Gates and health advocates argue the cuts jeopardize vital HIV/AIDS services in places like Gaza, Mozambique, with Gates accusing Musk of failing to grasp the real-world consequences of DOGE’s cost-cutting.

Tesla CEO Elon Musk has pushed back on Bill Gates’s claim that the Department of Government Efficiency (DOGE) will endanger the lives of millions of children.

Recommended Video

Musk was appointed to run DOGE by President Trump when he won the Oval Office, after the duo formed a political alliance ahead of the November election.

Since then, DOGE has been a controversial cost-cutting agency ripping through government departments, including education and USAID.

It is the action taken in USAID that caught the attention of Microsoft co-founder and billionaire philanthropist Bill Gates.

In an interview with the Financial Times earlier this year, Gates said: “The picture of the world’s richest man killing the world’s poorest children is not a pretty one.”

Musk, worth $376 billion per the Bloomberg Billionaires Index, hit back yesterday in an interview with Bloomberg while appearing remotely at the Qatar Economic Forum in Doha.

Musk called Gates a liar, adding: “Who does Bill Gates think he is?”

It was pointed out to Musk that Gates had donated billions to philanthropic causes in some of the poorest parts of the world, including, most recently, a pledge to donate virtually all of his wealth to his foundation.

Gates recently told Fortune the funds, which will total approximately $200 billion, must be spent by 2045 when the foundation will close.

The most recent criticism from Gates, in an interview published earlier this month, came in relation to Musk’s acknowledged mistake about a claim that condoms were being sent to Gaza in the Middle East, with DOGE cancelling the payment via USAID.

It was put to Musk that the contraceptives may instead be bound for the Gaza region of Mozambique to help fight AIDS and HIV infection.

“I’d love for him to go in and meet the children that have now been infected with HIV because he cut that money,” Gates told the FT.

Per Fortune’s own reporting, one charity operating in Gaza, Mozambique did have contracts worth $33m cut by USAID.

In March Trish Karlin, executive vice president for business development and external affairs at the Elizabeth Glaser Pediatric AIDs Foundation, told Fortune the funds were bound to be spent on the “healthcare workforce, support for counseling, testing, blood samples to see how people are progressing in their disease, what other opportunistic infections they may have, psychosocial support training. In some cases logistics.

“We’ve seen stories of drugs are arriving in country but [there’s no] system to then get those medications to the pharmacy. It’s a complex service.”

Musk says he asked for evidence and was met with silence

Speaking to the audience in Doha, Musk said he has gone back over the data and checked whether it could have led to any deaths of children, or indeed the “millions” of casualties Gates has warned of.

“I’d like him to show us any evidence whatsoever that that is true,” Musk said. “It’s false. What we found with USAID cuts—and by the way, they haven’t all been cut—the paths of USAID that were found to be even slightly useful were transferred to the State Department. They’ve not been deleted, they’ve simply been transferred to the State Department.

“But many, many times over with USAID and other organizations, when they said ‘Oh this is going to help children’ or ‘It’s going to help some disease eradication’ or something like that, and then when we asked for any evidence whatsoever, I said: ‘Well please, connect us with this group of children so we can talk to them and understand more about the issue,’ we get nothing.”

Musk continued that philanthropic organizations had declined to present a “show orphan” to illustrate their need for funds, and continued: “What we find is an enormous amount of fraud and graft.

Musk then asked to see which programs have had funding cancelled that could lead to deaths and added: “If in fact this is true, which I doubt it is, then we’ll fix it.”

Representatives for both Musk and Gates were approached by Fortune for comment.

Subscribe to Fortune Gulf Brief. Every Tuesday, this new newsletter delivers clear-eyed, authoritative intelligence on the deals, decisions, policies, and power shifts shaping one of the world’s most consequential regions, written for the people who need to act on it. Sign up here.
About the Author
Eleanor Pringle
By Eleanor PringleSenior Reporter, Economics and Markets
LinkedIn icon

Eleanor Pringle is an award-winning senior reporter at Fortune covering news, the economy, and personal finance. Eleanor previously worked as a business correspondent and news editor in regional news in the U.K. She completed her journalism training with the Press Association after earning a degree from the University of East Anglia.

See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Politics

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • TikTok icon
  • YouTube icon

Latest in Politics

California Republican’s awkward pitch: vote for me even if you hate Trump
BankingElections
California Republican’s awkward pitch: vote for me even if you hate Trump
By MIchael R. Blood and The Associated PressJuly 23, 2026
6 hours ago
z
EconomyElections
Democrats decide 2026 midterm elections are the perfect time for a civil war pitting socialists against moderates
By Jill Colvin and The Associated PressJuly 23, 2026
6 hours ago
police tape
North AmericaCrime
American homicides on track for lowest level in more than a century: ‘one of the most significant public safety developments in decades’
By Safiyah Riddle and The Associated PressJuly 23, 2026
6 hours ago
Photo of Speaker of the House Mike Johnson.
PoliticsCongress
The Republican-controlled House just passed a stock trading bill — that exempts Trump’s 3,600 Q1 trades
By Joey Cappelletti and The Associated PressJuly 23, 2026
6 hours ago
tx
PoliticsElections
‘The most cross-partisan issue I’ve ever seen in my life’: Republicans are so exposed on data centers that even Texas is going up for grabs
By Marc Levy and The Associated PressJuly 23, 2026
7 hours ago
t
North AmericaWhite House
Trump signed a nuclear deal with Saudi, then rewrote its terms on social media to include Israel
By Aamer Madhani, Collin Binkley, Michelle L. Price and The Associated PressJuly 23, 2026
7 hours ago

Most Popular

The millennial generation has split, new Fed research shows: Those over 35 are edging toward boomer-style wealth, while everyone else falls behind
Real Estate
The millennial generation has split, new Fed research shows: Those over 35 are edging toward boomer-style wealth, while everyone else falls behind
By Nick LichtenbergJuly 22, 2026
1 day ago
Scott Bessent casually says the U.S. has more than $1 trillion in gold—and that it doesn’t matter for the dollar
Economy
Scott Bessent casually says the U.S. has more than $1 trillion in gold—and that it doesn’t matter for the dollar
By Sasha RogelbergJuly 22, 2026
1 day ago
Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock
Success
Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock
By Sasha RogelbergJuly 20, 2026
3 days ago
'The man who dies rich dies disgraced': The last time America had such wealth inequality, Andrew Carnegie knew he had to give it all away
Success
'The man who dies rich dies disgraced': The last time America had such wealth inequality, Andrew Carnegie knew he had to give it all away
By Nick LichtenbergJuly 22, 2026
1 day ago
Spain lifted the World Cup, but the IRS still gets a cut of its $50 million pay day as players, coaches and refs all face complex U.S. “jock taxes”
Personal Finance
Spain lifted the World Cup, but the IRS still gets a cut of its $50 million pay day as players, coaches and refs all face complex U.S. “jock taxes”
By Joshua HongJuly 23, 2026
16 hours ago
Mathematicians grapple with a ‘very rapid and very unsettling change’ as AI cracks yet another century-old problem
AI
Mathematicians grapple with a ‘very rapid and very unsettling change’ as AI cracks yet another century-old problem
By Eva RoytburgJuly 21, 2026
2 days ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.