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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
PoliticsDonald Trump Jr.

Donald Trump Jr. tells East Europe to pick the U.S. over China for deals

By
Zoltan Simon
Zoltan Simon
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Bloomberg
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April 26, 2025, 4:17 PM ET
Donald Trump Jr. with his father on one side and JD Vance on the other
President Donald Trump, from right, Donald Trump Jr., executive vice president of development and acquisitions for Trump Organization Inc., and Vice President JD Vance during the 60th presidential inauguration in the rotunda of the US Capitol in Washington, DC, US, on Monday, Jan. 20, 2025.Shawn Thew / EPA / Bloomberg—Getty Images
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Donald Trump Jr. told a business forum in Budapest that Hungary and the region should pick the US over China as its economic partner, according to the Portfolio news website.

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Trump Jr., who’s holding a roadshow headlined “Trump Business Vision 2025,” said China posed a bigger threat than Russia to the region, according to the business site, which helped organize the closed-door meeting late Friday with Hungarian entrepreneurs.

US President Donald Trump’s eldest son, who’s also an executive vice president of the Trump Organization, hailed Hungarian Prime Minister Viktor Orban’s nationalist vision and underscored the close ties between the two countries’ leaders, Portfolio reported.

At the same time, his call to shun China is likely to sit uncomfortably in Hungary and other parts of eastern Europe, which have opened up their economies to investments from the Asian nation. 

Read more: US Envoy Tells Orban’s Hungary to Be Wary of Chinese Investments

Orban has attracted billions of dollars of investments from China, including in the battery sector and the electric vehicle industry, with BYD Co. building a factory in Hungary’s south. Hungary and Serbia are also constructing a Budapest-Belgrade freight line, which is part of China’s Belt and Road global infrastructure initiative.

Trump Jr. was in the Serbian capital on Saturday, his third visit to the Balkan country since October, before traveling to Bulgaria on Sunday and Romania on Monday, where he’ll hold similar events as he pitches for business opportunities.

Executives of more than 30 biggest Serbian companies met with the US president’s son in Belgrade, seizing the “opportunity to talk to a man who is at the center of global events and knows what is happening in world markets,” said Marko Cadez, head of the Serbian Chamber of Commerce, in comments to Bloomberg Adria. 

“We did not leave any sector uncovered,” and discussions included tourism, information technology and auto industry, according to Cadez.  

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.
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