menu_open Columnists
We use cookies to provide some features and experiences in QOSHE

More information  .  Close

Forbes Daily: Elon Musk And Trump Reignite Feud Over Spending Bill

5 0
previous day

Warren Buffett made his biggest annual donation in nearly 20 years this weekend.

The billionaire investor gifted $6 billion in Berkshire Hathaway shares to five charities: most went to the Bill & Melinda Gates Foundation Trust, with other contributions to the Sherwood Foundation, the Howard G. Buffett Foundation, NoVo Foundation and the Susan Thompson Buffett Foundation.

Buffett says nearly all—around 99.5%—of his estate is intended for philanthropic causes. As the world’s fifth-wealthiest person, he helped form the Giving Pledge in 2010, and has promised to give away his fortune in his lifetime or by the time of his death.

Kevin Dietsch/Getty Images

The feud between President Donald Trump and his former ally, Elon Musk, was reignited once again over the president’s signature spending bill, which the Senate was still debating Tuesday morning. Musk, who has criticized the legislation, said he would back primary challenges against GOP lawmakers voting for the bill, prompting Trump to threaten to scrap government subsidies for Musk’s firms.

Oracle cofounder Larry Ellison surged into the spot of the world’s second-richest person in Forbes’ latest ranking of the top 10 wealthiest, becoming $56 billion richer than he was at the start of June thanks to a 32% jump in Oracle’s stock price. Ellison, worth an estimated $262 billion, surged past Meta’s Mark Zuckerberg and Amazon’s Jeff Bezos, who each dropped one spot.

Getty Images

In an interview with NBC News, New York City mayoral candidate

© Forbes