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Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse place

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MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

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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 faster

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Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse place

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MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

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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 faster
NewslettersMPW Daily

The 2025 Fortune MPW Summit will feature a record number of the most powerful women in business

Emma Hinchliffe
By
Emma Hinchliffe
Emma Hinchliffe
Most Powerful Women Editor
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Emma Hinchliffe
By
Emma Hinchliffe
Emma Hinchliffe
Most Powerful Women Editor
Down Arrow Button Icon
August 13, 2025, 10:12 AM ET
CVS CEO Karen Lynch talks with Fortune editor in chief Alyson Shontell at Fortune's 2023 MPW Summit in California on Oct. 9, 2023.
CVS CEO Karen Lynch talks with Fortune editor in chief Alyson Shontell at Fortune's 2023 MPW Summit in California on Oct. 9, 2023.Stuart Isett—Fortune
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In today’s edition: the future of the BLS, new products from a fertility unicorn, and the all-star lineup for this year’s Fortune Most Powerful Women Summit.

– All-star lineup. Summer’s still here, but I’m already so excited for October. That’s because we have such a stellar lineup in store for the Fortune Most Powerful Women Summit Oct. 13-15 in Washington, D.C.

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Joining us at the annual gathering will be a record number of women from around the world who appeared on this year’s Fortune Most Powerful Women list, our annual ranking of the 100 most powerful women in global business. Tan Su Shan, CEO of DBS Group Holdings; Beth Ford, CEO of Land O’Lakes; Emma Walmsley, CEO of GSK; Fran Horowitz, CEO of Abercrombie & Fitch; Corie Barry, CEO of Best Buy; Lynn Martin, president of NYSE Group; Toni Townes-Whitley, CEO of Science Applications International Corporation (SAIC); and Livia Chanes, CEO of Nubank Brazil will all be with us in Washington.

Plus, we have a very special guest co-chair. Karen Lynch, the former CEO of CVS Health who was ranked No. 1 on the MPW list for three years in a row, is joining us this year. We’re honored to have her support and guidance as we bring you the most impactful program possible.

Outside of the list, we’ll be getting into every industry and the most important policy questions for leaders today. Our theme is “leading in a dynamic world.”

Selena Gomez will join to talk about Rare Beauty—its innovation in beauty (its fragrance balms recently created a new category at Sephora!) and her work for mental health through the Rare Impact Fund.

Jamie Dimon, the CEO of J.P. Morgan Chase, will be our special guest speaker (a spot that, for years, went to Warren Buffett). Perhaps he’ll tell us whether J.P. Morgan will become a woman-led bank one day?

Chrystia Freeland, the longtime political leader, will join us from Canada. Plus, with the rest of our speakers we’ll get into defense tech, the top priorities for today’s finance chiefs, the future of retail with J. Crew and Ulta, and more.

The Summit is invite-only, but business leaders—request an invitation here. I’m looking forward to seeing you there!

Emma Hinchliffe
emma.hinchliffe@fortune.com

The Most Powerful Women Daily newsletter is Fortune’s daily briefing for and about the women leading the business world. Subscribe here.

ALSO IN THE HEADLINES

- Next up. Trump's pick for Bureau of Labor Statistics commissioner, replacing fired Erika McEntarfer, is Heritage Foundation economist E.J. Antoni. He's endorsed suspending monthly jobs reports—the critical data that helps policymakers and businesses understand the state of the economy and trends like women's participation in the workforce. Washington Post

- Historical review. The White House is conducting a review of the Smithsonian museum system, seeking to make the museums' portrayal of history match Trump's interpretation of American history ahead of the country's 250th birthday. The National Museum of American History, the National Museum of Natural History, the National Museum of African-American History and Culture, and the National Museum of the American Indian are among the institutions being monitored. Wall Street Journal

- Regulatory pressure. Signal president Meredith Whittaker is concerned about the future of privacy in the U.K. following the Online Safety Act. The U.K.'s tech regulation is at odds with its desire to be an "AI champion" and instead reveals that regulators "don't understand the tech at all," she argues. The Times

- New in fertility. Maven, the leading women's health unicorn founded by Kate Ryder, launched some new fertility products: cycle tracking and at-home fertility tests for men, who contribute to half of infertility cases. Fierce Healthcare

MOVERS AND SHAKERS

Modern Health hired Chen Cheng as CTO and Erin Brown as general counsel. 

ON MY RADAR

How Alex Cooper built a media empire Vogue

American Eagle foot traffic plummeted in the aftermath of Sydney Sweeney controversy Fortune

Taylor Swift and Travis Kelce take their partnership to the next level Wall Street Journal

PARTING WORDS

"I’m probably the most productive person in the world. I don’t know that I can be that more productive."

—Skims cofounder Emma Grede on how she's using AI

This is the web version of MPW Daily, a daily newsletter for and about the world’s most powerful women. Sign up to get it delivered free to your inbox.
About the Author
Emma Hinchliffe
By Emma HinchliffeMost Powerful Women Editor
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Emma Hinchliffe is Fortune’s Most Powerful Women editor, overseeing editorial for the longstanding franchise. As a senior writer at Fortune, Emma has covered women in business and gender-lens news across business, politics, and culture. She is the lead author of the Most Powerful Women Daily newsletter (formerly the Broadsheet), Fortune’s daily missive for and about the women leading the business world.

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