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Warren Buffett tops our list as the biggest giver for the fourth year in a row, with $56.7 billion in lifetime giving. The 93-year-old CEO of conglomerate Berkshire Hathaway–who also gave away the most in 2023–is on a mission to make sure that he doesn’t leave his heirs a fortune. “My children, along with their father, have a common belief that dynastic wealth, though both legal and common in much of the world including the United States, is not desirable,” Buffett wrote in a statement he issued in November to accompany a gift of Berkshire shares to four family charitable foundations. Still, he’s only donated 30% of his fortune, in part because the value of his Berkshire Hathaway stock keeps rising.<br/><br/>MacKenzie Scott continues to give away billions of dollars a year faster than just about anyone else in the ranking, to a wide variety of nonprofits in the U.S. and countries like Brazil and India. In December, the novelist and former wife of Jeff Bezos published a list of the 360 nonprofits to which she’d donated a combined $2.15 billion during 2023. That brings her lifetime giving–in less than five years–to nearly $16.6 billion to 1,954 groups–more than all but four others on this list, all of whom have been at this for at least three times as many years. Scott, who received a 4% stake in Amazon as part of the divorce settlement with Bezos in 2019, now owns just under 2% of the company, per a recent regulatory filing.<br/><br/>Read the full story on Forbes: https://www.forbes.com/sites/forbeswealthteam/2024/02/15/americas-top-givers-2024-the-25-most-philanthropic-billionaires/?sh=712ad6616714<br/><br/>Forbes Daily Briefing shares the best of Forbes reporting on wealth, business, entrepreneurship, leadership and more. Tune in every day, seven days a week, to hear a new story. Subscribe here: https://art19.com/shows/forbes-daily-briefing<br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/>Stay Connected<br/>Forbes newsletters: https://newsletters.editorial.forbes.com<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com<br/><br/>Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.
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With sales of costlier electric cars cooling, Rivian CEO RJ Scaringe is going to woo consumers with a smaller SUV and a smaller $45,000 price tag.<br/><br/>A storm is brewing on a chilly, gray winter day in Palo Alto, California. Still, RJ Scaringe is in a great mood as he power walks through Rivian’s leafy Silicon Valley campus, with one “let me show you this — it’ll just take 30 seconds” after another.<br/><br/>The 41-year-old CEO and founder of the most-promising of the baby Teslas (including Lucid, Fisker and Nikola) established the company in 2009 soon after getting a Ph.D. in engineering from MIT. Rivian had a rocky start when it launched production in late 2021, a historically tough time to start an auto company. Elon Musk predicted in 2022 that Rivian (and Lucid) would go bankrupt. It didn’t.<br/><br/>Read the full story on Forbes: https://www.forbes.com/sites/alanohnsman/2024/02/20/how-rj-scaringe-is-driving-rivian-into-the-ev-mass-market/?sh=7c74ebc141bd<br/><br/>Forbes Daily Briefing shares the best of Forbes reporting on wealth, business, entrepreneurship, leadership and more. Tune in every day, seven days a week, to hear a new story. Subscribe here: https://art19.com/shows/forbes-daily-briefing<br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/>Stay Connected<br/>Forbes newsletters: https://newsletters.editorial.forbes.com<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com<br/><br/>Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.
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Rhyolite Ridge is an amazing deposit. There’s not another one like it in the world,” marvels Bernard Rowe, an exploration geologist and CEO of Australian mining company Ioneer. Rowe, 56, came to Nevada prospecting for gold and copper, and was struck by the Ridge, a volcanic rock outcrop in the southwest part of the state. He collected ore samples, which proved to have high concentrations of lithium and boron. <br/><br/>The discovery prompted a call to his friend James Calaway, a Texan who had developed one of the world’s biggest lithium mines in Argentina. After due diligence, in 2017 they secured enough mineral rights in Nevada’s Esmeralda County to potentially produce more than 100,000 tons of lithium a year—enough to make batteries for billions of iPhones and millions of electric cars. Now they just need to start digging.<br/><br/>Read the full story on Forbes: https://www.forbes.com/sites/christopherhelman/2024/02/21/electric-cars-vs-wildflowers-who-wins/?sh=2d16aee01461<br/><br/>Forbes Daily Briefing shares the best of Forbes reporting on wealth, business, entrepreneurship, leadership and more. Tune in every day, seven days a week, to hear a new story. Subscribe here: https://art19.com/shows/forbes-daily-briefing<br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/>Stay Connected<br/>Forbes newsletters: https://newsletters.editorial.forbes.com<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com<br/><br/>Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.
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The trillion-dollar chipmaker has done over two dozen deals, through its Nventures investing arm and corporate development team. Portfolio companies say the deal comes with intangibles, like access to research teams and even the company’s famous CEO.<br/><br/>When Terray Therapeutics, an AI biotech firm, first trained its artificial intelligence model Coati early last year, CEO Jacob Berlin thought the technology was “pretty good.” It was functional, but could be better.<br/><br/>That was before Nvidia, the trillion-dollar chipmaker, invested in the startup, which specializes in small-molecule drug discovery. After the investment, announced in November, Terray retrained the model entirely, armed with boosted computing resources and Nvidia’s engineering prowess. “We just saw much, much better performance,” Berlin told Forbes. “And we couldn't have gotten there without the collaboration with Nvidia and their support.”<br/><br/>Read the full story on Forbes: https://www.forbes.com/sites/richardnieva/2024/02/15/nvidia-nventures-ai-investments/?sh=543769096025<br/><br/>Forbes Daily Briefing shares the best of Forbes reporting on wealth, business, entrepreneurship, leadership and more. Tune in every day, seven days a week, to hear a new story. Subscribe here: https://art19.com/shows/forbes-daily-briefing<br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/>Stay Connected<br/>Forbes newsletters: https://newsletters.editorial.forbes.com<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com<br/><br/>Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.
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