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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

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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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
vinod
Vinod Khosla: AI’s energy crisis has a fix — and it doesn’t need the grid
By Vinod KhoslaJune 30, 2026
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
By Ruth UmohJune 30, 2026
The VCs betting founders need a village, not a blank check
The VCs betting founders need a village, not a blank check
By Allie GarfinkleJune 30, 2026
Comcast’s split brings former CFO Michael Angelakis back as CEO
Comcast’s split brings former CFO Michael Angelakis back as CEO
By Sheryl EstradaJune 30, 2026
marc
The U.S. Army is opening military bases to private billions — here’s why that changes everything for the next 250 years
By Marc AndersenJune 30, 2026
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Big Tech
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Mark Zuckerberg, CEO of Meta
AI stocks are in an ‘air pocket’ and Meta and Microsoft are being traded like ‘bear market names that cannot be owned,’ top analyst says

Everything you need to know before you reach the office this morning.

By Jim EdwardsJune 30, 2026
This summer’s heat is a live stress test for data centers—here’s what it’s revealing in real time

Almost 80% of global data centers face some form of climate risk, and it could cost developers trillions in the coming decades.

By Tristan BoveJune 29, 2026
Hyperscalers could end up resembling airlines—plagued by small margins, intense competition, and high expenses, AI skeptic warns 

“In placing massive hyperscaling bets, investors are setting lavish expectations about future earnings.”

By Jason MaJune 29, 2026
Strategy may sell up to $1.25 billion in Bitcoin to calm investor jitters

Strategy continues its shift away from aggressive Bitcoin accumulation as market conditions deteriorate.

By Camila Grigera NaónJune 29, 2026
More in Big Tech
Startups & Venture
More in Startups & Venture
Brown University Professor Roberto Serrano, a man in a suit holding onto a gold trophy--the King Of Spain Economy Award"-- before Spain's King Felipe and a painted wall.
‘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
Why BlackRock, Nvidia, and Temasek are betting billions on quantum computing

Geopolitical competition and meaningful exits are convincing Wall Street the technology may finally be nearing its moment.

By Lily Mae LazarusJune 29, 2026
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

$7.2 billion AI founder Arvind Jain ‘observed’ Sundar Pichai at Google for years before he became CEO—he learned you need to ‘think crazy’ to be successful

By Orianna Rosa RoyleJune 28, 2026
NASA plans daring robotic rescue mission to prevent an aging space telescope from falling back to Earth, and the legendary Hubble could be next

“I have to be honest. No one thought it was going to be possible. No one thought we would get as far as we’ve already gotten today.”

By Marcia Dunn and The Associated PressJune 28, 2026
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AI
More in AI
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
America’s AI hunger has reached the Nashville Zoo and its endangered animals may be the ones to pay the price

Country star Brad Paisley helped drive more than 500,000 signatures to a petition by the zoo opposing the development.

By Marco Quiroz-GutierrezJune 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
The central bank of central banks just released its flagship annual report — and it sees a $1 trillion AI investment boom headed for a reckoning

The Bank for International Settlements draws an explicit parallel to the dotcom crash and railway mania, but the stakes are bigger now.

By Nick LichtenbergJune 29, 2026
More in AI
Innovation
More in Innovation
‘Cop on your wrist’: Wearables offer tons of data, but people are still going to sleep to Netflix and TikTok
‘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
Wendy Schmidt: Three centuries of science is something to celebrate

George Washington Died Not Knowing Dinosaurs Existed. Three Centuries Later, Science Has Never Needed More Defense.

By Wendy SchmidtJune 29, 2026
SpaceX, Charter discussed mobile phone partnership in U.S.

Charter, the largest home internet provider in the US, could run some of SpaceX’s phone traffic through its ground-based internet infrastructure.

By Kelcee Griffis and BloombergJune 27, 2026
France wearing green for the Statue of Liberty: inside the unusual interpretation of ‘national pride’ that makes World Cup jerseys

Nike’s Liberté away kit uses its mint hue to reframe a 140-year-old diplomatic gift as a statement of national identity on American soil.

By Claire Rush and The Associated PressJune 28, 2026
More in Innovation
Cybersecurity
More in Cybersecurity
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Australia’s under-16 social media ban is failing, so the government is (literally) doubling down

“We can all agree we would like the scheme to work better than it is currently, but that is on Big Tech taking the Mickey,” Minister Anika Wells said.

By Rod McGuirk and The Associated PressJune 29, 2026
Australia to strengthen enforcement of under-16 social media ban

“It’s clear big tech are not doing enough to comply with the law — there are still too many children on social media.”

By Ainslie Chandler and BloombergJune 27, 2026
Defections from Google DeepMind prompt questions about Alphabet’s efforts to stay at the forefront of AI

With Google’s AI models losing leaderboard places and its pace of model releases lagging, some are questioning if the internet giant can stay at AI’s cutting edge.

By Jeremy KahnJune 23, 2026
Job scams are getting more sophisticated, and they’re costing Americans millions

Nearly all scammers are using AI to track targets. It’s making the usual red flags harder to decipher.

By Jacqueline MunisJune 27, 2026
More in Cybersecurity
Latest Stories
US President Donald Trump arrives to speak during a Rose Garden Club dinner with American farmers at the White House in Washington, DC, on June 25, 2026.
EconomyTrump takes his inflation battle to gas retailers after his plot against the Fed runs aground—sets target for $2.50 a gallon
By Eleanor PringleJune 30, 2026
Gulf bond markets extend their rally despite uncertain outlook
NewslettersGulf bond markets extend their rally despite uncertain outlook
By Melissa HancockJune 30, 2026
GCC debt markets have rallied since the ceasefire, but tight liquidity remains a key hurdle 
Middle EastGCC debt markets have rallied since the ceasefire, but tight liquidity remains a key hurdle 
By Melissa HancockJune 30, 2026
Top CD rates today, June 30, 2026: Lock in up to up to 4.40%
Personal FinanceTop CD rates today, June 30, 2026: Lock in up to up to 4.40%
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Today’s top high-yield savings rates: Up to 5.00% on June 30, 2026
Personal FinanceToday’s top high-yield savings rates: Up to 5.00% on June 30, 2026
By Glen Luke FlanaganJune 30, 2026
Gojek founder Makarim found guilty in Indonesia Chromebooks case
AsiaGojek founder Makarim found guilty in Indonesia Chromebooks case
By Chandra Asmara and BloombergJune 30, 2026
A close-up view of a woman wearing a striped shirt and jeans, sitting and using a smartphone with one hand in a casual setting.
NewslettersU.S. Supreme Court limits use of ‘geofence’ warrants
By Andrew NuscaJune 30, 2026
Why Rivian CEO RJ Scaringe wants his EV company to be compared to Apple, not Tesla
NewslettersWhy Rivian CEO RJ Scaringe wants his EV company to be compared to Apple, not Tesla
By Diane BradyJune 30, 2026
More TechPage 79 of 100
Priscilla Chan and Mark Zuckerberg
Big TechThe Chan Zuckerberg Initiative cut 70 jobs as the Meta CEO’s philanthropy goes all in on mission to ‘cure or prevent all disease’
By Sydney LakeFebruary 1, 2026
  • Struggling to remain relevant during the AI watercooler chat? Talk about your latest ‘new collar’ hire
    EuropeStruggling to remain relevant during the AI watercooler chat? Talk about your latest ‘new collar’ hire
    By Kamal AhmedJanuary 29, 2026
The founder and CEO of $1.25 billion AI identity verification platform Incode, Ricardo Amper
SuccessCEO of $1.25 billion AI company says he hires Gen Z because they’re ‘less biased’ than older generations—too much knowledge is actually bad, he warns
By Emma BurleighFebruary 1, 2026
Several pictures of people receiving medical treatments including a facelift and oxygen therapy.
HealthHims and Hers Super Bowl ad highlights ‘uncomfortable truth’ about elite healthcare for the rich and ‘broken’ system for the rest
By Jacqueline MunisFebruary 1, 2026
Photo of Elon Musk
EconomyMusk’s fantasy for a future where work is optional just got more real: U.K. minister calls for universal basic income to cushion AI-related job losses
By Sasha RogelbergFebruary 1, 2026
Nvidia CEO signals investment in OpenAI round may be largest yet
Startups & VentureNvidia CEO signals investment in OpenAI round may be largest yet
By Debby Wu and BloombergJanuary 31, 2026
Silicon Valley legend Kleiner Perkins was written off. Then an unlikely VC showed up
Startups & VentureSilicon Valley legend Kleiner Perkins was written off. Then an unlikely VC showed up
By Allie GarfinkleJanuary 31, 2026
  • brin
    Real EstateSergey Brin makes his biggest donation ever to tackle California’s housing crisis, weeks after moving to the Nevada side of Lake Tahoe
    By Nick LichtenbergJanuary 29, 2026
Moltbook, a social network where AI agents hang together, may be ‘the most interesting place on the internet right now’
AIMoltbook, a social network where AI agents hang together, may be ‘the most interesting place on the internet right now’
By Jason MaJanuary 31, 2026
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SuccessAlexis Ohanian walked out of the LSAT 20 minutes in, went to a Waffle House, and decided he was ‘gonna invent a career.’ He founded Reddit
By Preston ForeJanuary 31, 2026
Netflix
Big TechNetflix may be turning into an ‘entertainment giant,’ but its stock looks like ‘dead money’ to investors
By Nick LichtenbergJanuary 31, 2026
In this handout, the mug shot of Jeffrey Epstein, 2019.
PoliticsElon Musk and Jeffrey Epstein emailed each other for years trying to meet up, new Justice Department records show
By Eva Roytburg and Sasha RogelbergJanuary 30, 2026
After a decade of silence, Elon Musk’s tunneling startup, and its reclusive president, are hitting the media circuit
Big TechAfter a decade of silence, Elon Musk’s tunneling startup, and its reclusive president, are hitting the media circuit
By Jessica MathewsJanuary 30, 2026
  • wystrach
    CommentaryThe real promise of AI isn’t fewer jobs, it’s cheaper thinking
    By Michael WystrachJanuary 29, 2026
The 1966 cover of Fortune Magazine welcomed the Information age. Now the AI era beckons
MagazineThe 1966 cover of Fortune Magazine welcomed the Information age. Now the AI era beckons
By Indrani SenJanuary 30, 2026
Gamestop
Big TechFive years after the short squeeze, GameStop’s CEO is betting on a ‘genius or totally foolish’ $100 billion-plus acquisition
By Jake AngeloJanuary 30, 2026
‘We’ll save the world from cancer’: Inside Pfizer CEO’s $23 billion post‑COVID bet on oncology
C-Suite‘We’ll save the world from cancer’: Inside Pfizer CEO’s $23 billion post‑COVID bet on oncology
By Nick LichtenbergJanuary 30, 2026
Sam Altman speaking into a mic.
AIA reported OpenAI IPO later this year may test investor tolerance for the AI boom’s cash bonfire
By Beatrice NolanJanuary 30, 2026
Former Google DeepMind researcher David Silver
AIExclusive: Longtime Google DeepMind researcher David Silver leaves to found his own AI startup
By Jeremy KahnJanuary 30, 2026
phone
Arts & EntertainmentTwenty-somethings discover nostalgia, throwing back to a carefree time before the ‘dark days’: 2016
By Pavan Mahal and The Associated PressJanuary 30, 2026
taxi
CommentaryAmerica’s AI regulatory patchwork is crushing startups and helping China
By James Richardson and Eric TanenblattJanuary 30, 2026
Photo of Elon Musk
Newsletters$100 million-plus funding rounds used to be incredibly rare. Now, 40% of seed and Series A rounds are clearing that bar
By Allie GarfinkleJanuary 30, 2026
Apple delivers blowout earnings; gets bupkis
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By Alexei OreskovicJanuary 30, 2026
Are you a cyborg, a centaur, or a self-automator? Why businesses need the right kind of ‘humans in the loop’ in AI
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As billionaires chase immortality, this startup cofounded by a Harvard genetics professor gets FDA approval for the first partial de-aging human trial
HealthAs billionaires chase immortality, this startup cofounded by a Harvard genetics professor gets FDA approval for the first partial de-aging human trial
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A man works on two computers while a coworker looks on in the background.
AIGen Z believes using AI is making their colleagues dumb and lazy, but may paradoxically see it as key to their own promotion, Wharton says
By Sasha RogelbergJanuary 30, 2026
Apple’s blowout Q1 results are a reminder of what makes the company so impressive—and why it’s floundering in AI
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Pfizer CEO says he used ‘emotional blackmail’ to get employees to achieve impossible goals during COVID-19
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By Eva RoytburgJanuary 29, 2026
ICE
CybersecurityOnly 4 democracies have created paramilitary police squads since 1960—if you include ICE
By Erica De Bruin and The ConversationJanuary 29, 2026
Claude 4 illustration
AITop engineers at Anthropic, OpenAI say AI now writes 100% of their code—with big implications for the future of software development jobs
By Beatrice NolanJanuary 29, 2026
TikTok influencer Khaby Lame sits and talks.
AIGetting deported by Trump can’t stop top influencer Khaby Lame from notching a $975 million deal—including the rights to his AI avatar
By Jake AngeloJanuary 29, 2026
AI has made hacking cheap. That changes everything for business
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Microsoft Chairman and Chief Executive Officer Satya Nadella (L), speaks with OpenAI Chief Executive Officer Sam Altman, who joined by video during the Microsoft Build 2025, conference in Seattle, Washington on May 19, 2025.
Big TechMicrosoft’s $440 billion wipeout, and investors angry about OpenAI’s debt, explained
By Eva RoytburgJanuary 29, 2026
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Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse placeplaceholder alt text
By Sydney LakeJune 29, 2026
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MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last yearplaceholder alt text
By Sydney LakeJune 25, 2026
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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 fasterplaceholder alt text
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