Hundreds of billionaires pledged to give away $600 billion to charity—but the Bill Gates and Warren Buffett era of philanthropy may be over

Hundreds of billionaires pledged to give away $600 billion to charity—but the Bill Gates and Warren Buffett era of philanthropy may be over

Bill Gates and Warren Buffett ushered in a new Gilded Era of philanthropic giving, likened in influence to the Rockefellers and Carnegies. But charity work is about to look very different as higher taxes are threatened on liberal institutions, and new methods of giving are popularized by women mega-donors. MacKenzie Scott has become a pioneer…

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Elon Musk defends $1 trillion pay package: ‘I just don’t feel comfortable building a robot army here and then being ousted’

Elon Musk defends $1 trillion pay package: ‘I just don’t feel comfortable building a robot army here and then being ousted’

Already the world’s richest man, Elon Musk is defending his proposed $1 trillion Tesla pay package—arguing it’s less about joining the trillionaires club and more about making sure he can’t be sidelined. “I just don’t feel comfortable building a robot army here and then being ousted because of some asinine recommendations from ISS and Glass…

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‘Psychology of Money’ author Morgan Housel follows the same morbid success measure as Warren Buffett—a “reverse obituary”

‘Psychology of Money’ author Morgan Housel follows the same morbid success measure as Warren Buffett—a “reverse obituary”

Material success can be measured in a multitude of ways: cars, luxury items, and followers. But behavioral finance expert Morgan Housel has an unusual exercise to do so: a reverse obituary.  “It’s a little bit morbid, but it’s to write what you want your obituary to say, and then try to live your life up…

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82-year-old CEO grew a $7.8 billion fortune from company shares—now she’s selling stock to charity and signed Bill Gates' pledge to give away 99%

82-year-old CEO grew a $7.8 billion fortune from company shares—now she’s selling stock to charity and signed Bill Gates’ pledge to give away 99%

CEOs with major controlling stakes in their billion-dollar companies have the power to make themselves richer and richer, but one 82-year-old tech leader isn’t cashing in for herself. Judy Faulkner, the CEO of Epic Systems, has been selling her non-voting shares back to the company—and redirecting the profits elsewhere. “I’ve never cashed a single share…

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Bill Gates and Warren Buffett's Giving Pledge after 15 years: Only 9 of the 256 billionaires actually followed through on giving away half their wealth

Bill Gates and Warren Buffett’s Giving Pledge after 15 years: Only 9 of the 256 billionaires actually followed through on giving away half their wealth

The Giving Pledge is a charitable campaign, launched in 2010 by Bill Gates and Warren Buffett, that invites the world’s wealthiest individuals and families to publicly commit to giving away at least 50% of their wealth to philanthropy, either during their lifetimes or in their wills. The Institute for Policy Studies’ report “The Giving Pledge…

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Figma’s CEO is now worth $5 billion after IPO—like Mark Zuckerberg, he dropped out of college to build a tech empire instead of sitting in class

Figma’s CEO is now worth $5 billion after IPO—like Mark Zuckerberg, he dropped out of college to build a tech empire instead of sitting in class

Figma burst onto the public stock exchange last week, surging in share price by 333% and hitting a market cap of over $70 billion in just the first few days of trading. For investors bullish on startups, last week was a rejuvenation after a sluggish stretch in the IPO market. But for Figma cofounder and…

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