DIRS.INFO The most relevant business & tech news

☆ MacKenzie Scott donated $2 billion this year, mostly to nonprofits—she's now given away $19 billion since 2019
▼ + stars: | 2024-12-20 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +3 min

It's the season of giving, and billionaire philanthropist MacKenzie Scott just announced she's handed out more than $2 billion to 199 different organizations this year. That brings the total amount donated by Scott since 2019 to $19.2 billion, based on her past public announcements of her charitable giving. Forbes still estimates a $31.6 billion net worth for Scott, who became one of the world's wealthiest women following her 2019 divorce from Amazon founder Jeff Bezos. Much of this latest round of donations went to organizations focused on alleviating poverty, Scott wrote in a blog post on Wednesday. In 2019, not long after her divorce settlement, Scott signed The Giving Pledge and committed to giving away the majority of her wealth in her lifetime.

Persons: MacKenzie Scott, Forbes, Scott, Jeff Bezos, she's, Melinda Gates, Lukas Walton Organizations: Scott, Amazon, Forbes, Strategic Investment Fund, Builders Vision, CNBC

☆ Just Climate raises $1.5 billion with help from Microsoft fund
▼ + stars: | 2023-06-08 | by ( ) www.reuters.com time to read: +2 min

LONDON, June 8 (Reuters) - Asset manager Just Climate said on Thursday it had raised $1.5 billion for its inaugural fund after strong demand from institutional clients including Microsoft’s Climate Innovation Fund helped it beat the original target of $1 billion. Established by Generation Investment Management, Just Climate aims to focus investment on the sectors where cutting greenhouse gas emissions is hardest to do, such as cement, shipping, industrials and land use. The firm's initial fund, Climate Assets Fund I, will focus on helping companies with proven technology scale their business to a level to attract more risk-averse investors. "Proven, transformational climate solutions are being developed to decarbonise the industrial sectors. Among other investors to back the fund include IMAS Foundation, Ireland Strategic Investment Fund, Harvard Management Company, California State Teachers’ Retirement System, and Colonial First State Investments.

Persons: Shaun Kingsbury, Kingsbury, Clara Barby, Simon Jessop, Lisa Shumaker Organizations: Innovation Fund, Generation Investment Management, Climate, IMAS Foundation, Ireland Strategic Investment Fund, Harvard Management Company, Colonial, Investments, ABB, Meva Energy, Thomson Locations: California

☆ Toll-road operator Salik jumps 20% on market debut
▼ + stars: | 2022-09-29 | by ( Hadeel Al Sayegh | ) www.reuters.com time to read: +1 min

DUBAI, Sept 29 (Reuters) - Dubai toll-road operator Salik (SALIK.DU) rose 20% above its listing price on its market debut on Thursday in a sign that investors still have appetite for local flotations despite skittish global markets. The company, which has 3.6 million vehicles registered on its system, raised 3.735 billion dirhams ($1.02 billion) by selling a 24.9% stake in its initial public offering (IPO), giving the company a market value of 15 billion dirhams. Salik was priced at 2 dirhams per share but rose to a high of 2.40 dirhams at the market open on Thursday. Cornerstone investors UAE Strategic Investment Fund, Dubai Holding, Shamal Holding and the Abu Dhabi Pension Fund have committed about 606 million dirhams, Salik said on Sept. 13. ($1 = 3.6727 UAE dirham)Register now for FREE unlimited access to Reuters.com RegisterReporting by Hadeel Al Sayegh Editing by David GoodmanOur Standards: The Thomson Reuters Trust Principles.

Search resuls for: "Strategic Investment Fund"

3 mentions found