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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

swiss

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

More in Future of Work

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

More in Future of Work

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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

More in C-Suite

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

More in Workplace Culture

Photo of Jim Farley

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

More in Workplace Culture

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

Young couple looking sad in front of a home with a for sale sign

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

Image of colored bar charts with one being pushed up.

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

kean

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 LeadershipPage 100 of 100

Jamie Dimon, chief executive officer of JPMorgan Chase

C-Suite The only phone notifications Jamie Dimon gets are from his kids—everyone else has to call the office

By Eleanor PringleNovember 6, 2025

Investing Berkshire Hathaway profits spike 17% in one of Warren Buffett’s last quarters as CEO
By Josh Funk and The Associated PressNovember 4, 2025

Delta CEO Ed Bastian rejected a mentor’s advice on how to run the $38 billion airline: ‘He told me I’ll never have a moment of peace’

C-Suite Delta CEO Ed Bastian rejected a mentor’s advice on how to run the $38 billion airline: ‘He told me I’ll never have a moment of peace’

By Rachel VentrescaNovember 6, 2025

esla CEO Elon Musk attends the memorial service for political activist Charlie Kirk at State Farm Stadium on September 21, 2025 in Glendale, Ariz.

Newsletters The best way to test the ‘Musk Magic’ premium may be to give Elon Musk everything he wants

By Diane BradyNovember 6, 2025

Karsten Munk Knudsen, chief financial officer of Novo Nordisk A/S

Economy Novo Nordisk CFO outlines ‘ultimate defense’ against stock downgrades and lawsuits to retain weight-loss crown

By Eleanor PringleNovember 6, 2025

Newsletters Bank of America prioritizes bigger AI initiatives, as annual spending on new tech increased by 44% over the past decade

By John KellNovember 5, 2025

Big Tech Ford CEO Jim Farley strikes a cautious tone on Apple’s new CarPlay Ultra and its increasing control over cars: ‘Do you want the Apple brand to start the car?’

By Marco Quiroz-GutierrezNovember 5, 2025

Personal Finance Nearly 20% of millionaire women say they have no plans to retire—significantly higher than their male counterparts, Goldman Sachs finds
By Eleanor PringleNovember 4, 2025

Ulta Beauty CEO Kecia Steelman says she has the best job ever: ‘My job is to help make people feel really good about themselves’

C-Suite Ulta Beauty CEO Kecia Steelman says she has the best job ever: ‘My job is to help make people feel really good about themselves’

By Fortune EditorsNovember 5, 2025

Worker and boss upset

Success Millennial CEO reveals ‘the most honest’ time-off request from his Gen Z employee: ‘I just had a breakup… I need a short break’

By Jessica CoacciNovember 5, 2025

Arvind Krishna

Success IBM’s CEO admits Gen Z’s hiring nightmare is real—but after promising to hire more grads, he’s laying off thousands of workers

By Preston ForeNovember 5, 2025

Mira Nair, Zohran Mamdani's mother, smiles on the red carpet

Success Meet Mira Nair, Zohran Mamdani’s 68-year-old mother, who hit it big in Hollywood directing critical darlings like ‘Monsoon Wedding’

By Dave SmithNovember 5, 2025

Palantir CEO Alex Karp

Success Palantir says college is no longer a reliable training ground—so it hired 22 high school students instead: ‘Skip the debt. Skip the indoctrination.’

By Emma BurleighNovember 5, 2025

Future of Work Childcare is so expensive many families are just giving up now, forcing them to sacrifice incomes, savings, and careers
By Jason MaNovember 4, 2025

Future of Work KPMG’s new CEO joined as an intern 33 years ago. Now he wants to lure Gen Z back with a new office outfitted with moody lounges and a barista bar

By Eva RoytburgNovember 5, 2025

Abraham Lincoln

Commentary Abraham Lincoln set off an education revolution in 1862 with the Land Grant Act. We need the same thing today for AI

By Mark Hagerott, Patrick T. Harker and Ramayya KrishnanNovember 5, 2025

Mike Palank

Commentary The innovation blind spot: how Silicon Valley ignores Middle America

By Mike PalankNovember 5, 2025

Stephen Tave

Commentary I’ve owned and operated trade schools for 40 years and Gen Z is onto something: They recognize the value of vocational education

By Stephen TaveNovember 5, 2025

MP Materials

Commentary Let’s move beyond rare earth headlines—it’s time to build real scale

By Shilpan AminNovember 5, 2025

Maya Hawke poses on the red carpet for the Inside Out 2 premiere

Health Gen Z actor Maya Hawke says, ‘Anxiety might be the defining emotion of our time’

By Dave SmithNovember 5, 2025

A man receives his hotel room key from the front desk

Travel & Leisure Former FBI special agent says he uses a simple trick to get the best hotel rooms in the world—and it’s all about showing love to the front desk

By Dave SmithNovember 5, 2025

Ulta Beauty CEO Kecia Steelman went from earning $8 an hour to running the U.S.’s largest beauty retailer

Newsletters Ulta Beauty CEO Kecia Steelman went from earning $8 an hour to running the U.S.’s largest beauty retailer

By Diane BradyNovember 5, 2025

Corcoran Group CEO says Gen Z and millionaires alike are flocking back to the city—but it’s because of job uncertainty, not return-to-office mandates

Success Corcoran Group CEO says Gen Z and millionaires alike are flocking back to the city—but it’s because of job uncertainty, not return-to-office mandates

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Roelof Botha steps aside as Sequoia’s steward, passing the role to Alfred Lin and Pat Grady

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Asia Tokyo is turning to a 4-day workweek in a desperate attempt to help Japan shed its unwanted title of ‘world’s oldest population’

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Inside the new open AI platform that helps anyone track a changing planet

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By Sharon GoldmanNovember 4, 2025

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Success Reese Witherspoon candidly attributes her $400 million Hollywood success to anxiety—she says she pushed herself to ‘extreme levels to show up in a perfect way’

By Jessica CoacciNovember 4, 2025

Martha Stewart responds to Gen Z paying up to $1,700 for her vintage book ‘Entertaining’ by rereleasing it for just $50

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By Molly Liebergall and Morning BrewNovember 4, 2025

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By Eva RoytburgNovember 4, 2025

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Success America’s wealthiest billionaires got $698 billion richer this year—and Trump’s tax policy could give them a new windfall

By Emma BurleighNovember 4, 2025

Goldman Sachs CEO debunks AI job replacement hysteria, saying humans will adapt like they always do: ‘Our economy is very nimble’

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By Marco Quiroz-GutierrezNovember 4, 2025

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Success IBM’s CEO disagrees with JPMorgan CEO Jamie Dimon’s disdain for texting in meetings: ‘Telling people they can’t use their technology would be weird’

By Preston ForeNovember 4, 2025

6-7

Health Dictionary.com risks Gen Z mockery by crowning ‘6-7’ as word of the year

By John Seewer and The Associated PressNovember 4, 2025

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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

placeholder alt text

By Preston ForeJune 27, 2026

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