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☆ Amazon founder Jeff Bezos pledged to donate the majority of his wealth to charity. Here's how he currently spends his $122 billion fortune, from giant underground clocks to space exploration.
▼ + stars: | 2022-11-16 | by ( Hannah Towey | Katie Canales | ) www.businessinsider.com time to read: +1 min

Jeff Bezos has amassed a $122 billion fortune since founding Amazon in 1994, per Bloomberg. Bezos stepped down as Amazon CEO in mid-2021 after seeing a pandemic-era surge in wealth. He recently announced plans to donate the majority of his fortune to various charities. Billionaire Amazon founder Jeff Bezos has become one of the wealthiest and most recognizable figures in the tech world. In November, Bezos announced plans to donate the majority of his fortune to charity, a commitment he had until recently shied away from.

☆ MacKenzie Scott says she has given $2 billion to 343 organizations supporting underserved communities in the last 7 months, raising her total to at least $14.5 billion since she pledged to give away m
▼ + stars: | 2022-11-15 | by ( Isabella Zavarise | ) www.businessinsider.com time to read: +2 min

Billionaire philanthropist MacKenzie Scott gave nearly $2 billion to 343 organizations since 2019. In the last 7 months, Scott gave money to organizations supporting people from underserved communities. With this addition, she has now given away $14.5 billion of her fortune since signing the Giving Pledge. In a blog post on Monday, Scott said in the last seven months, she gave nearly $2 billion to 343 organizations supporting people from underserved communities. Since signing the pledge, Scott has become one of the leading philanthropists in the US.

☆ Jeff Bezos for the first time says he will give most of his money to charity
▼ + stars: | 2022-11-14 | by ( Brian Fung | ) edition.cnn.com time to read: +8 min

Though Bezos’ vow was light on specifics, this marks the first time he has announced that he plans to give away most of his money. “I just feel honored to be able to be a part of what they’re doing for this world,” Bezos told CNN. Bezos has committed $10 billion over 10 years, or about 8% of his current net worth, to the Bezos Earth Fund, which Sánchez co-chairs. The economic downturnWhile Bezos and Sánchez plot out their plans for Bezos’ immense wealth, many people of more modest means are bracing for what economists fear may be an extended economic downturn. CNN recently reported that Bezos and Jay-Z are in talks on a potential joint bid on the Washington Commanders.

Officials at the crypto giant FTX have moved all digital assets offline as they investigate possible theft of crypto assets following their bankruptcy filing, their general counsel announced late Friday. That followed an earlier tweet from Miller that said officials were "investigating abnormalities with wallet movements related to consolidation of ftx balances across exchanges — unclear facts as other movements not clear." “FTX has been hacked,” an account administrator in the FTX Support Telegram channel wrote in a message, according to CoinDesk. The announcement followed the news that FTX and its affiliated companies have started the process of filing for Chapter 11 bankruptcy, with founder Sam Bankman-Fried stepping down as CEO. Founded in 2019, FTX had within two years grown to 1 million worldwide users, with an average of $10 billion in daily trading volume.

The crypto giant FTX and its affiliated companies have started the process of filing for Chapter 11 bankruptcy, with founder Sam Bankman-Fried stepping down as CEO. Bankman-Fried sent out a series of tweets on Friday stating his hope that FTX would be able to continue as a going concern following its bankruptcy. Media outlets have reported that the Securities and Exchange Commission and Justice Department are now investigating FTX. In the days following the report, rival crypto exchange Binance announced it was liquidating its FTT holdings. Unable to find an out, FTX announced its bankruptcy filing Friday morning.

☆ So you won the lottery. What now?
▼ + stars: | 2022-11-09 | by ( Allison Morrow | ) edition.cnn.com time to read: +3 min

New York CNN Business —So, you won the lottery. Before you broadcast your sudden windfall to the world, and even before you contact lottery officials, you’ll be wise to surround yourself with a team of lawyers and financial advisers. Make copies of both sides of your lottery ticket, and then lock it up somewhere only you can access it. But there’s one big piece of the lottery puzzle that you can’t farm out to lawyers, and that’s your mental health. “The curse of the lottery losers is very real,” Andrew Stoltmann, a lawyer who has represented lottery winners, told CNBC.

☆ COP 27 Developing countries need $1 trillion a year in climate finance -report
▼ + stars: | 2022-11-08 | by ( ) www.reuters.com time to read: +2 min

The report, released ahead of talks on climate change finance at the COP27 summit in Egypt, said the funding was required to cut emissions, boost resilience, deal with damage from climate change and restore nature and land. "The world needs a breakthrough and a new roadmap on climate finance that can mobilise the $1 trillion in external finance that will be needed by 2030 for emerging markets and developing countries other than China," said the report, commissioned by the current and previous climate summit hosts, Egypt and Britain. It said the total annual investment requirement of developing countries would hit $2.4 trillion by 2030, with half coming from external financing and the rest from public and private sources in those countries. "Unlocking substantial climate finance is the key to solving today's development challenges," said Vera Songwe, one of the report's authors. Delegates at the climate summit in Egypt are expected to focus on financing issues on Wednesday.

☆ Op-ed: High-net-worth investors can amplify their charitable impact with a 'recoverable grant'
▼ + stars: | 2022-11-04 | by ( Liz Sessler | Chief Operating Officer Capshift | ) www.cnbc.com time to read: +2 min

For advisors counseling clients like these, there is a smart tool they can use to support non-profit innovation. It's called a recoverable grant. watch nowSince recoverable grants are allocated through charitable entities, there are no specific tax implications of the structure and format. They are well suited for making "catalytic," or seed capital grants that allow nonprofits to stretch beyond the direct services these organizations provide day-to-day. Recoverable grants support getting innovative, novel solutions to entrenched problems off the ground, scaling up successful programs, or helping solve acute and temporary funding gaps.

☆ Carlyle's David Rubenstein on how to invest now
▼ + stars: | 2022-10-31 | by ( Chris Taylor | ) www.reuters.com time to read: +5 min

It may have been drawn up under England's King John, but these days it belongs to David M. Rubenstein. To learn how Rubenstein amassed those kind of resources, look no further than his new book, “How To Invest: Masters on the Craft." At that time, there was not a whole lot of investing going on, with his father working a blue-collar existence for the Post Office, living paycheck-to-paycheck. Nevertheless, Rubenstein seems to have done alright, with a net worth currently estimated by Forbes at $3.2 billion. RUBENSTEIN'S ADVICE TO INVESTORS BIG AND SMALLWhen it comes to philanthropy, Rubenstein takes a surprisingly hands-on approach – no foundation, no staff, just him.

☆ Claude Monet, Larry Fink, and Ted Cruz: Climate stunts grab headlines but can they get results?
▼ + stars: | 2022-10-28 | by ( Catherine Boudreau | ) www.businessinsider.com time to read: +7 min

That was an improvement over the previous year, but still not nearly enough given the threat the climate crisis presents for humanity, Hu told Insider. "I could spend 20 minutes talking about the destruction from climate change. "More people are aware of this climate crisis and that we have to do something about it because of our actions," Harris said. "Journalists don't report on the climate crisis like it is an emergency. Ridiculous stunts like the art action gets the climate crisis into the headlines and millions of people talking."

☆ Qatar's Sheikha Moza bint Nasser discusses her philanthropy and her legacy
▼ + stars: | 2022-10-28 | by ( Tania Bryer | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailQatar's Sheikha Moza bint Nasser discusses her philanthropy and her legacyHer Highness Sheikha Moza bint Nasser tells CNBC's Tania Bryer what more needs to be done to help protect education and what she hopes her legacy will be.

☆ Pharrell's 'yard sale' auction — including a $500k chain and a $22k gold-encased Blackberry - gets soaring six-figure bids
▼ + stars: | 2022-10-27 | by ( Jordan Hart | ) www.businessinsider.com time to read: +3 min

Pharrell Williams announced the launch of his online auction house, Joopiter, in September. On Oct. 13, the music mogul invited famous friends to view his private collection before the online auction. The music mogul announced the launch of his online auction site, Joopiter, in September, putting several personal items on the block. JoopiterAs the hours of the online auction ticked down, the blinged-out sunglasses, a gold-encased Blackberry phone, and a diamond-encrusted dice set continued to attract high bids. In the FT report, Williams shared his plan to one day open the auction site to more collectors selling their luxury items.

☆ How Google's former CEO Eric Schmidt helped write AI laws in Washington without publicly disclosing investments in AI start-ups
▼ + stars: | 2022-10-24 | by ( Eamon Javers | ) www.cnbc.com time to read: +18 min

'Conflict of interest'Schmidt's investment was just the first of a handful of direct investments he would make in AI start-up companies during his tenure as chairman of the AI commission. Altogether, Schmidt and entities connected to him made more than 50 investments in AI companies while he was chairman of the federal commission on AI. To Poulson, Schmidt was simply given too much power over federal AI policy. The new entity would continue the work of the congressionally created federal commission, with many of the same goals and much of the same staff. More than a dozen staffers from the federal commission followed Schmidt to the new private sector project.

☆ MacKenzie Scott's latest $84.5 million donation could transform Girl Scouts as you know them
▼ + stars: | 2022-10-19 | by ( Megan Sauer | ) www.cnbc.com time to read: +4 min

On Tuesday, the Girl Scouts of the USA announced a $84.5 million gift from the billionaire, the biggest donation from a single benefactor in the organization's history. The funds will also "future-proof its facilities," making the Girl Scouts' buildings more climate resilient and accessible to visitors, the announcement said. Girl Scouts of the USA didn't immediately respond to CNBC Make It's request for clarification. The donation will be divided between Girl Scouts of the USA and 29 local councils selected by Scott herself, the organization said. Philanthropic contributions are increasingly important, as many people incorrectly assume the Girl Scouts raise enough money to fund itself from cookie sales alone, Garcia-Hernandez said.

☆ MacKenzie Scott donates $84.5 million to the Girl Scouts, which is the largest donation to the organization from a single person
▼ + stars: | 2022-10-19 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

Billionaire philanthropist Mackenzie Scott is donating $84.5 million to the Girl Scouts. The donation was awarded to the US Girl Scouts and 29 local councils that Scott selected. The donation is the largest awarded to the organization from a single individual. The donation was awarded to the US Girl Scouts and 29 local councils that Scott selected. Girl Scouts CEO, Sofia Chang, said: "We are so appreciative of MacKenzie Scott's gift to Girl Scouts.

☆ Jeff Bezos responds to criticism over investing in space travel instead of solving problems on Earth: 'We go to space not to abandon our home, but to protect it'
▼ + stars: | 2022-10-18 | by ( Britney Nguyen | ) www.businessinsider.com time to read: +3 min

In a speech at the Vatican, Jeff Bezos addressed people who ask why he invests "so much into space." The former Amazon CEO said investing in going to space will benefit the Earth and "protect it." The goal for Blue Origin, Bezos has previously said, is to make traveling to space cheaper, more frequent, and more accessible. In 2018, Bezos said Blue Origin was "the most important work I'm doing," in an interview with Axel Springer's CEO Mathias Döpfner. Bezos founded the Bezos Earth Fund in 2020, which will disburse $10 billion, committed by Bezos, in the current decade to fight climate change and protect nature.

☆ Inside YouTube star MrBeast's 'extreme' thumbnail strategy that has led to viral success
▼ + stars: | 2022-10-13 | by ( Amanda Perelli | ) www.businessinsider.com time to read: +4 min

With more than 100 million subscribers, Jimmy Donaldson, known online as MrBeast, is easily one of the top performing creators on YouTube. On Donaldson's main channel, his viral videos show him recreating Squid Game (291 million views), burying himself alive (196 million views), and spending 50 hours in solitary confinement (194 million views). Chaudry asked Donaldson what his team does when a video isn't performing well, and how much of an impact switching a video's thumbnail image can have. "Sometimes it's just not the thumbnail," Donaldson added. MrBeast has a dedicated YouTube thumbnail teamStill, Donaldson and his team strategize at length about the thumbnail before uploading a video.

☆ Jeffrey Katzenberg is done with media after 'riding that Quibi rocket ship into the ground.' Here's why he's betting on cybersecurity and VPNs.
▼ + stars: | 2022-10-12 | by ( Claire Atkinson | ) www.businessinsider.com time to read: +13 min

Katzenberg, a co-founder of DreamWorks and former chairman of Walt Disney Studios, founded another high-profile media venture, Quibi, in 2018. Jeffrey Katzenberg: Our areas of focus when we started were software as a service, best-in-class digital technology, and consumer technology. And then we recognized that digital media wasn't actually going to be successful for us, or frankly for anybody else. What's your outlook at the moment for traditional media companies, big tech, and streaming? What's the right sequencing, what's the right windowing, where's the greatest value creation coming for all parties involved — that's the testing that's going on.

☆ Thumbnails, shorts, and dubbing: 3 key takeaways for creators from VidSummit, the conference where MrBeast and other top YouTubers shared their advice for aspiring influencers
▼ + stars: | 2022-10-11 | by ( Amanda Perelli | ) www.businessinsider.com time to read: +3 min

VidSummit is an annual conference in Los Angeles for content creators and industry professionals. Top creators including YouTubers MrBeast and Ryan Trahan attended and shared their tips for success. YouTube creators, professionals, and brands gathered in September to share their insights on the creator economy at VidSummit, the annual Los Angeles conference for industry insiders. He spoke about his content strategy at VidSummit with Samir Chaudry from the YouTube channel Colin and Samir (1 million subscribers). McBride spoke about the strategy behind his global content, which includes partnering with TransPerfect, a company that dubs his YouTube content in other languages.

☆ I edit YouTube videos for creators like MrBeast. Here's a breakdown of my monthly revenue and how I land big-name clients.
▼ + stars: | 2022-10-10 | by ( Marta Biino | ) www.businessinsider.com time to read: +4 min

David Stack, 24, works full time as a YouTube video editor under the alias Restricted Edits. This as-told-to essay is based on a conversation with David Stack, 24, a YouTube editor from Durham, North Carolina. When I started editing YouTube videos, I was just 13, and I thought it was cool how people were syncing up video-game clips to music. Since then I have been focusing on growing as a YouTube editor in terms of skills and incomeThis job has made me more of an introvert. Working with MrBeast was great, but I'd rather be a freelancerIt was a great experience, and I learned a lot.

☆ Biden to lay out plan to end hunger in the U.S. by 2030
▼ + stars: | 2022-09-28 | by ( Summer Concepcion | ) www.nbcnews.com time to read: +3 min

President Joe Biden is hosting a conference on hunger, nutrition and health in Washington, D.C., on Wednesday where his administration will announce more than $8 billion in private and public sector commitments as part of its plans to end hunger and reduce diet-related disease by 2030. Of the $8 billion in new commitments invested in the action, at least $2.5 billion will go toward start-up companies focused on solutions to hunger and food insecurity. More than $4 billion will go to philanthropy aimed at improving access to nutritious food, promoting healthy choices and increasing physical activity. Agriculture Secretary Tom Vilsack will deliver opening remarks and an overview of the national strategy before Biden speaks. White House domestic policy adviser Susan Rice will also lead a conversation with chairman Rep. Jim McGovern, D-Mass., and Sens.

Laurene Powell Jobs doesn’t tend to court the limelight. Over the past decade, she’s given only 10 interviews for publication. So why speak now, when there’s hardly a pressing reason for her to take the public stage? “My main reason is to cut through the misunderstanding and misconceptions,” says Powell Jobs—the ones about her 11-year-old organization, Emerson Collective, which is part philanthropy, part Sand Hill Road venture-capital powerhouse, part artistic patronage and part immigration-education-environmental advocacy group. It doesn’t help that most of Emerson’s giving has been anonymous, she says.

☆ The electric vehicle boom depends on mining. Rivian's new chief sustainability officer is tasked with making it responsible.
▼ + stars: | 2022-09-28 | by ( Catherine Boudreau | ) www.businessinsider.com time to read: +4 min

Demand for metals like lithium and cobalt could jump sixfold alongside the electric vehicle boom. Rivian hired Anisa Kamadoli Costa to lead its climate strategy, including responsible mining. But that doesn't mean electric vehicle makers don't have their own set of climate and social challenges. "Traceability is the best means to transparency and to understanding one's social and environmental impact," Costa said during an Insider event moderated by Catherine Boudreau, senior sustainability reporter. Costa helped craft such a standard during her two decades as Tiffany & Co.'s chief sustainability officer.

☆ MacKenzie Scott files for divorce from second husband
▼ + stars: | 2022-09-28 | by ( Parija Kavilanz | ) edition.cnn.com time to read: +1 min

New York CNNBusiness —Billionaire philanthropist MacKenzie Scott has filed for divorce from her second husband after less than two years of marriage. Scott, one of the world’s richest people, married Seattle-based science teacher Dan Jewett last year after divorcing Amazon founder Jeff Bezos in 2019. Scott filed a petition for divorce in the King County Superior Court in Washington State on Monday, according to the Court clerk’s office. The news was first reported by The New York Times on Wednesday. Scott has given away billions of dollars as part of a plan to donate a majority of her fortune.

☆ Arnold Fisher Provided Better Care for Wounded Warriors
▼ + stars: | 2022-09-25 | by ( James R. Hagerty | ) www.wsj.com time to read: 1 min

Arnold Fisher, seen in 2016, kept a low profile but received honors for his philanthropy helping veterans and their families. The U.S. Army shipped Arnold Fisher to Korea, where he served as a corporal during the Korean War. After Mr. Fisher returned home to New York, he married, had children, joined his family’s real-estate development company, Fisher Brothers, and oversaw construction of skyscrapers. His military mission had only just begun.

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