The daily business briefing: March 23, 2022

MacKenzie Scott donates $436 million to Habitat for Humanity, Tesla opens its first European factory, and more

 Members of Habitat for Humanity build a home
Members of Habitat for Humanity build a home
(Image credit: Alejandra Villa Loarca/Newsday RM via Getty Images)

1. MacKenzie Scott donates $436 million to Habitat for Humanity

MacKenzie Scott has donated $436 million to Habitat for Humanity International and its 84 affiliates, the organization said Tuesday. "We could not be more excited to get the gift at a time when, in some ways, the state of housing affordability is the worst that it has been in modern times," said Jonathan Reckford, Habitat for Humanity International's CEO. The gift was Scott's largest publicly disclosed donation yet. She pledged in 2019 to give away most of her fortune after her divorce from Amazon founder Jeff Bezos. When she made the pledge, her 4 percent of Amazon shares were worth $36 billion. Since then, Scott has given away $8.8 billion, but the stock has soared and her fortune has grown to nearly $50 billion.

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Harold Maass, The Week US

Harold Maass is a contributing editor at The Week. He has been writing for The Week since the 2001 debut of the U.S. print edition and served as editor of TheWeek.com when it launched in 2008. Harold started his career as a newspaper reporter in South Florida and Haiti. He has previously worked for a variety of news outlets, including The Miami Herald, ABC News and Fox News, and for several years wrote a daily roundup of financial news for The Week and Yahoo Finance.