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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

1

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

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Nike’s earning numbers exceeded Wall Street’s expectations. But CEO Elliott Hill’s next test is the World Cup

Nike’s earning numbers exceeded Wall Street’s expectations. But CEO Elliott Hill’s next test is the World Cup

Nike beat market expectations on Tuesday, reporting $10.97 billion in revenue, over $130 million more than expected.

By Mia OsmonbekovJune 30, 2026

Young worker at desk

Remote-first fintech giant Revolut is making the office compulsory for new Gen Z grads—and they’ll earn flexibility like their peers after one year

By Emma BurleighJune 30, 2026

Henry Kravis

KKR cofounder once impressed Roy Disney with a habit most analysts skipped—it turned a 1-hour meeting into all-day mentorship: ‘I thought I’d died and gone to heaven’

By Preston ForeJune 30, 2026

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It’s so hot in Switzerland that yodelers are standing in fountains

By Jez Fielder and The Associated PressJune 30, 2026

Bill Gates (left) and Warren Buffett

Warren Buffett breaks from a ‘lifetime’ pledge to the Gates Foundation as the Epstein fallout deepens

By Sydney LakeJune 30, 2026

kean

New Jersey Republican to reappear in Congress after unexplained 4-month absence

By Mike Catalini and The Associated PressJune 30, 2026

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Jamie Dimon isn’t giving up the top job. That’s turned JPMorgan into a poaching ground for CEO talent

Jamie Dimon isn’t giving up the top job. That’s turned JPMorgan into a poaching ground for CEO talent

Jamie Dimon’s succession delay has turned JPMorgan into a CEO recruiting gold mine.

By Ruth UmohJune 30, 2026

The most reassuring argument about AI and jobs quietly explains why Gen Z can’t get one

It’s not just the Jevons Paradox—it’s also the lump of labor fallacy. But there’s no God-given right for entry-level work to exist.

By Nick LichtenbergJune 29, 2026

This CEO became 3x more productive with AI. Then she read what her daughter wrote about it at Dartmouth

As Maria Colacurcio embraced AI to transform how she works, her daughter Sofia Frei began questioning what society might lose in the process.

By Maria Colacurcio and Sofia FreiJune 28, 2026

Target is starting to track employees’ unexcused lateness and absences with a points system—and if they rack up 12, they’re fired

Target staffers who clock in late and skip work enough to rack up 12 points will be shown the door. It’s just one way companies are tightening their grip on in-person attendance.

By Emma BurleighJune 29, 2026

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mcmaster

Boston Dynamics CEO: America’s next 250 years will be built by robots. Here’s what’s standing in the way

The U.S. has always led the world’s great industrial leaps. Robotics is next — but only if Washington, industry, and workers move together.

By Amanda McMasterJune 30, 2026

‘Humanity has chosen to become idiots’: This Brown professor switched to take-home exams after a mass shooting and discovered mass cheating

Roberto Serrano literally wrote the book on game theory, but he’s befuddled: “Why are you at a university if you refuse to learn, you refuse to work hard?”

By Catherina GioinoJune 29, 2026

Dave Portnoy quit an $80K sales job to start Barstool—he hand-delivered papers in a secondhand van while living with his girlfriend’s mom for 6 years

Dave Portnoy left his cushy 9-to-5 and spent years delivering papers and even scooping dog waste before success. Now he’s worth $250 million.

By Preston ForeJune 29, 2026

Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: ‘Sadly,’ it makes the world a worse place

Musk has offered thoughts on philanthropy: “It’s very easy to give money away to get the appearance of goodness” but it’s very difficult to get “reality.”

By Sydney LakeJune 29, 2026

More in Success

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I grew BDO from $600 million to $3.4 billion. Here’s the 3-part formula that made it possible

BDO USA’s outgoing CEO on why culture, AI, and employee ownership aren’t separate priorities — they’re a single system.

By Wayne BersonJune 30, 2026

How smart employers are turning the World Cup into a workplace win

Streaming watch parties from the conference room and buying drinks to work at the bar. Meet the bosses embracing the World Cup.

By Emma BurleighJune 29, 2026

Fed’s Barkin warns of high inflation, but sees signs of relief

“Businesses, when they set prices, take today’s inflation as a factor, and so I think there’s some persistence to inflation.”

By Catarina Saraiva and BloombergJune 28, 2026

As JPMorgan’s CEO race heats up, the case for a two-person succession contest is put to the test

JPMorgan’s CEO succession race gives a clue as to why boards still pit top contenders against each other.

By Ruth UmohJune 29, 2026

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Workplace Culture

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Ford on why it hired 350 ‘gray beard’ engineers: you need their mentorship for younger workers — and to drive huge AI productivity gains

“These engineers carry the hard-earned wisdom of decades of design,” Ford told Fortune, adding that AI is important to quality gains.

By Sasha RogelbergJune 29, 2026

‘Cop on your wrist’: Wearables offer tons of data, but people are still going to sleep to Netflix and TikTok

A group of experts at the Fortune Brainstorm Tech event in Aspen pinpointed a problem: People have more data than ever from their wearables, but nobody knows what to do with the information.

By Amanda GerutJune 29, 2026

One in 10 Gen Zers want their boss to be replaced by AI—they’re already being polite to ChatGPT just in case

Amid AI job-loss fears, Gen Z has one role they hope gets replaced: their boss. And 69% are already being polite to ChatGPT, just in case.

By Orianna Rosa RoyleJune 27, 2026

AWS CEO says replacing young employees with AI is ‘one of the dumbest ideas’—and bad for business: ‘At some point the whole thing explodes on itself’

Amazon laid off 14,000 employees last fall, but CEO Andy Jassy denied the reductions were related to AI.

By Sasha RogelbergJune 28, 2026

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Latest Stories

Dell’s AI boom is real, but so is the profit margin hit nobody is pricing in

AI Dell’s AI boom is real, but so is the profit margin hit nobody is pricing in

By Mia OsmonbekovJune 30, 2026

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Real Estate Gen Z and millennials aren’t convinced the American Dream exists anymore: Only 40% of them can afford to buy a home

By Tristan BoveJune 30, 2026

Russian President Vladimir Putin

Economy It started with one viral influencer complaining about Russia’s economy. Now a record 60% of Russians are pessimistic about their country’s outlook

By Tristan BoveJune 30, 2026

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Newsletters AI is minting billion-dollar companies faster than before

By Beatrice NolanJune 30, 2026

Stripe CEO Patrick Collison gestures with his hands as he speaks into a microphone before a congressional committee hearing.

Crypto Stripe, Visa and over 140 other businesses to launch stablecoin to rival Tether and Circle

By Camila Grigera NaónJune 30, 2026

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Politics Tom Kean discloses depression diagnosis behind 4-month absence from Congress: ‘until you experience it yourself, it is difficult to fully understand’

By Mike Catalini, Joey Cappelletti and The Associated PressJune 30, 2026

Commentary Netflix could turn NBC into its biggest bet yet — and this time, the math actually works

By Jeffrey Sonnenfeld and Steven TianJune 30, 2026

A woman types into a kiosk at an airport.

Travel & Leisure ‘You can expect prices to be high and stay high’: Domestic airfare is skyrocketing faster than international flight costs, despite using less jet fuel

By Sasha RogelbergJune 30, 2026

More Leadership

Why Rivian CEO RJ Scaringe wants his EV company to be compared to Apple, not Tesla

Newsletters Why Rivian CEO RJ Scaringe wants his EV company to be compared to Apple, not Tesla

By Diane BradyJune 30, 2026

AI One of the Democratic Party’s brightest stars is co-founding a group to help with the coming AI jobs earthquake
By Josh Boak and The Associated PressJune 25, 2026

Ray Dalio attends the Fortune Global Forum Riyadh 2025 on October 27, 2025 in Riyadh, Saudi Arabia.

Success Ray Dalio was a ‘below average’ student who got into investing by caddying for Wall Street traders: Now he hires talent who have experienced hardship

By Eleanor PringleJune 29, 2026

CEOs have forgotten the moderate playbook. The stakes for relearning it have never been higher

Newsletters CEOs have forgotten the moderate playbook. The stakes for relearning it have never been higher

By Diane BradyJune 29, 2026

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Success This entrepreneurial couple cashed out their 401(k)s and sold a $126 million company—now they run a U.K. soccer team

By Emma BurleighJune 28, 2026

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Success Cristiano Ronaldo is soccer’s first-ever billionaire: He went from begging for burgers outside McDonald’s to landing a $400 million contract

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Ex-Google engineer says Larry Page, Sergey Brin and Sundar Pichai share the same trait—it’s the lesson he swears by as a $7.2 billion AI CEO

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By Orianna Rosa RoyleJune 28, 2026

North America Merlin the Duck was allowed inside Mexico City’s Azteca Stadium, but only to film a commercial
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Commentary More than 3 million college students are raising kids. Most won’t graduate

By Enyi OkebugwuJune 28, 2026

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Success LinkedIn says real estate is one of the hottest industries for entry-level workers—One Gen Z sales agent made $75K his first year with no experience

By Emma BurleighJune 28, 2026

erik

AI ‘It’s not going away’: The Stanford economist who called the AI entry-level jobs crisis early has the receipts

By Nick LichtenbergJune 27, 2026

Robert Shiller, professor of economics at Yale University

AI Nobel laureate economist warns AI jobs apocalypse fears could become a self-fulfilling prophesy

By Eva RoytburgJune 27, 2026

Future of Work Ken Griffin celebrates America’s 250th birthday with $26 million gift for new Roosevelt Library built into the Badlands
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Commentary The uncertainty paradox: believe it or not, today’s massive uncertainty creates the best conditions for disruptive growth

By James G. Naples, Wendy K. Smith and Scott D. AnthonyJune 27, 2026

Photo of Elon Musk

C-Suite ‘Don’t look at the résumé’: Elon Musk admits he’s ‘fallen prey’ to flashy credentials and says conversation matters most when hiring

By Jacqueline MunisJune 27, 2026

young workers talking at their desks

Success Stop blaming Gen Z for resisting RTO: 71% say they want a hybrid balance—and now they’re quietly leading the office comeback

By Sydney LakeJune 27, 2026

Warren Buffett (left) with Bill Gates

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By Sebastian HerreraJune 27, 2026

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By Jacqueline MunisJune 27, 2026

Qualcomm’s big AI gamble: Breaking Nvidia’s chips stronghold

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Personal Finance American giving hit $617 billion in 2025 — and the Paul Allen effect exposes who’s really driving it

By The ConversationJune 26, 2026

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Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse place

placeholder alt text

By Sydney LakeJune 29, 2026

MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

placeholder alt text

By Sydney LakeJune 25, 2026

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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By Preston ForeJune 27, 2026

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