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Billionaire philanthropist MacKenzie Scott has sold even more Amazon shares, a new filing shows one of the country’s most prolific donors.

Scott received about 400 million shares of Amazon as part of her divorce from Jeff Bezos in 2019, and she has sold off two-thirds of them in less than six years. If she hadn’t, she would be one of the twenty richest people in the world. Instead of, Forbes now estimates that Scott is worth $30 billion.

Scott is known for his fundamental, no-strings-attached approach to giving — which is unique among the ultra-wealthy — and it’s not uncommon for recipients to think the gift, often sent via phone call, is spam.

FIRST UP

Tesla extended post-election stock market gains on Monday, with the EV maker’s shares up 39% since last Tuesday, and unsurprisingly Elon Musk has benefited the most. The net worth of Tesla’s largest shareholder has increased by approximately $54 billion since last Tuesday, to $319 billion, according to Forbes’ calculations. Musk is now more than $80 billion richer than the next richest person in the world.

MORE: Tesla’s gains were the most notable, but there are several smaller stocks that have outperformed the Elon Musk-led car company after the election. Since Election Day, Axon Enterprise, the parent company of Taser stun guns, has gained 40% shares of private prison companies worth multi-billion dollars CoreCivic and Geo Group – Immigration and Customs Enforcement contractors – are up 76% and 75%.

WEALTH + ENTREPRENEURSHIP

Billionaire Shark tank star Mark Cuban, who supported Vice President Kamala Harris in the election, has come under scrutiny for owning real estate in the Trump International Tower, and Forbes discovered that he owns two apartments in the building worth an estimated combined $13 million. In fact, they are worth more than Trump’s own real estate portfolio in the building. Cuban narration Forbes he “looked at selling” the apartments, “but the price has dropped significantly over the last eight years.”

Billionaire Mitch Morgan, whose Pennsylvania-based Morgan Properties the third largest apartment owner in the UStold Forbes he was not surprised that his home state went bankrupt for Donald Trump. Morgan said he is optimistic about Trump’s victory and believes deregulation will help business.

MONEY + POLITICS

President-elect Donald Trump has made a slew of appointments to fill top posts in his administration since winning the election. tapped some of his staunchest defenders and loyalists. According to multiple reports, Trump is likely to choose Sen. Marco Rubio (R-Fla.) as his secretary of state and is also expected to announce Stephen Miller as deputy chief of staff for policy in the coming days. Additionally, Trump tapped former Rep. Lee Zeldin (RN.Y.) to lead the EPA, and GOP conference chair Rep. Elise Stefanik (RN.Y.) as United Nations Ambassador, both of which are Senate-confirmed Cabinet-level jobs. .

SCIENCE + HEALTHCARE

A Dutch appeals court ruled in favor of oil giant Shell on Tuesday, overturning a landmark 2021 ruling by a lower court that had ordered the company to reduce carbon dioxide emissions by 45% compared to 2019 levels in 2030. In its judgment, the court found that while Shell was obliged to reduce its CO2 emissions, there is “insufficient consensus in climate science on a specific reduction percentage that an individual company such as Shell should adhere to. ”

Ben Jealous, executive director of the Sierra Club, said Forbes is the largest environmental group in the country get ready fight against the anti-climate policies of the new Trump administration. “Our short-term strategy is to run our playbook from 2016,” he said, including filing hundreds of lawsuits and filing dozens of Freedom of Information requests to uncover ties to fossil fuels and possible corruption among Trump’s new Cabinet members.

WORLD

A Spirit Airlines flight from Florida was hit by gunfire Monday while trying to land in Port-au-Prince, while a JetBlue plane flying from the Haitian capital to New York was struck by a bullet earlier in the day. JetBlue, Spirit Airlines and American Airlines do temporarily suspended all flights to and from Haitiand the U.S. Embassy in Haiti called on Americans to avoid travel to the country because of escalating gang violence.

TRENDS + EXPLANATIONS

The judge overseeing Trump’s criminal trial in New York will decide today whether his 34-count conviction will stand while the three other criminal cases against him are heard. ready to be killed or postponed for years. Ultimately, the president-elect’s strategy of delaying prosecution kept him from facing most of his criminal charges, although the civil cases against him are expected to be unaffected by the election.

DAILY COVER STORY

In Trump’s Space Race, Musk’s SpaceX is a good choice

TOP LINE Over the summer, as Elon Musk ramped up support for Donald Trump’s election campaign, the famously transactional former president appeared to promise the world’s richest man something in return. “We have to make life good for our smart people — and he’s as smart as they come,” Trump said at a rally in late July.

Musk wants one thing: for the Federal Aviation Administration to do so speed up the processing of space launch licenseswhich his company SpaceX says is slowing the cadence of test flights of its massive Starship rocket. And then there are SpaceX’s battles with the Environmental Protection Agency over the impact of Starship launches in a wildlife-rich area of ​​Texas’ Gulf Coast.

Trump, who will parachute a slew of new political appointees into the FAA and EPA, could bring quick relief on both counts, and more broadly. rolling back regulations in the heavily regulated space industry. That would help all space companies, but none more than SpaceX, said Chris Quilty, founder of space-focused financial services firm Quilty Analytics.

At industry meetings this year, competitors expressed growing concerns that SpaceX would receive preferential treatment from the Trump administration, Quilty said. “Even if you’re pro-Trump and in the space industry, you think, ‘Crap, SpaceX is already putting an end to it. Do they need any more benefit?’”

It’s part of the reason the space industry is eyeing Trump’s return to the White House a mix of hope and fear.

WHY IT’S IMPORTANT In his next term, industry players believe Trump’s interest in competing with China will be as well boost spending on military and civilian space programsranging from defending against Chinese anti-satellite weapons to tracking the country’s efforts to exploit the moon. But any grand ambitions could be countered if Trump convinces Congress to fulfill his campaign promises to cut taxes and government spending.

MORE Robinhood’s billionaire co-founder wants to put hundreds of solar panels in space

FACTS + COMMENTS

President-elect Donald Trump has repeatedly called for closing the federal Department of Education, a move that could have consequences crucial funding for primary and secondary education and hinder civil rights enforcement. Still, experts say it’s unlikely the federal government can step aside when it comes to education regulation:

1979: The year the department was founded by former President Jimmy Carter

60: The number of votes that closing the Ministry of Education would likely require in the Senate, according to the Washingtonpostmeaning Republicans need the support of at least some Democrats

$119 billion: The amount of federal funds given to schools in fiscal year 2022, accounting for approximately 14% of total education funding

STRATEGY + SUCCESS

A Health Savings Account is a great way to invest in your future, plus: it has a triple tax benefit: You can make pre-tax contributions with your employer-sponsored plan, take tax-free withdrawals for qualified medical expenses, and when you invest it, the growth is tax-free. In the meantime, you can use the money like a regular bank account for all kinds of medical expenses. And starting at age 65, you can use your HSA money for whatever you want without penalty.

VIDEO

QUIZ

The import-based tariffs proposed by President-elect Donald Trump could increase costs for consumers on a variety of grocery items. For example, China controls about 80% of global supply which kitchen staple?

A. Ginger

B. Garlic

C. Thyme

D. Rice

Check your answer.

Thanks for reading! This edition of Forbes Daily was edited by Sarah Whitmire, Chris Dobstaff and Caroline Howard.