Even with $850 billion to his name, Elon Musk admits money cant buy happiness But billionaire Mark Cuban says its not so simple

Billionaire investor Peter Thiel reportedly urged Musk to abandon the pledge, arguing that Gates would otherwise direct the money to “left-wing nonprofits.” It is very difficult to give money away for the reality of goodness. “It’s very easy to give money away to get the appearance of goodness. But despite Ackman’s suggestion that Musk would be happier if he gave more of his money away, the world’s richest man has insisted even that’s not as simple as it seems. While much of Musk’s wealth is tied up in company valuations rather than cash, the sheer scale of his fortune still affords extraordinary flexibility. While it can ease stress and expand choices, it can’t automatically resolve things like strained personal relationships or underlying feelings about life.

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For instance, if you’re rich and miserable, more money won’t help. “The exception is people who are financially well-off but unhappy. Mark Cuban, the billionaire investor and former Shark Tank star, agreed with Musk to an extent, but said linking wealth to happiness isn’t cut and dry.

From the magazine

Fortune Indonesia is an American global business magazine headquartered in New York City and published for the Indonesian region. It is published by Fortune Media Group Holdings, a global business media company. The magazine regularly publishes ranked lists, including ranking companies by revenue, such as in the Fortune 500 that it has published annually since 1955 and in the Fortune Global 500. Fortune (stylized in all caps) is an American global business magazine headquartered in New York City. Offers may be subject to change without notice.

• Fortune Indonesia is an American global business magazine headquartered in New York City and published for the Indonesian region.
• Walker Evans served as its photography editor from 1945 to 1965.
• Its editor was Luce, managing editor Parker Lloyd-Smith, and art director Thomas Maitland Cleland.
• Elon Musk’s net worth surged to $852 billion this week—a record high set into motion by the merger of two of his companies, SpaceX and xAI, ahead of a highly anticipated IPO later this year.
• Together, they employ 70.1 million people, and their revenue represents more than one-third of the world’s GDP.

For the 12th consecutive year and the 20th time since 1995, Walmart was No. 1 on the list. The Global 500 earned $2.98 trillion in profit in its second-most-profitable year ever; $1 trillion of that was generated by companies in finance. Together, they employ 70.1 million people, and their revenue represents more than one-third of the world’s GDP. The corporations on our annual list of the world’s 500 largest companies combined to generate $41.7 trillion in revenue in 2024, up 1.8% from the previous year.

Following the elimination of the editor-in-chief role at Time Inc. in October 2013, the top editor’s title was changed from “managing editor” to “editor” in 2014. There have been 20 top editors since Fortune was conceived in 1929. During the years when Time Warner owned Time Inc., between 1990 and 2014, Fortune articles (as well as those from Money magazine) were hosted at CNNMoney.com. From its launch in 1930 to 1978, Fortune was published monthly.

During the Great Depression, the magazine developed a reputation for its social conscience and for a team of writers, including James Agee, Archibald MacLeish, John Kenneth Galbraith, and Alfred Kazin, hired specifically for their writing abilities. Walker Evans served as its photography editor from 1945 to 1965. Its editor was Luce, managing editor Parker Lloyd-Smith, and art director Thomas Maitland Cleland. In a memo to the Time Inc. board in November 1929, Luce wrote, “We will not be over-optimistic. We will recognize that this business slump may last as long as an entire year.” The publication made its official debut in February 1930. The magazine is also known for its annual Fortune Investor’s Guide.

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“The biggest challenge I find with my foundation is trying to give money away in a way that is truly beneficial to people,” Musk added. It shows that happiness rises with income, but people who are already unhappy tend to see happiness gains level off Fortune Rabbit slot 2026 once their income reaches around $100,000 annually. Researchers have long tried to answer the age-old question of whether money can buy happiness—and the answer is more nuanced than a simple yes or no. Essentially, money doesn’t fundamentally change happiness so much as magnify what’s already there. At the time, the magazine had 360 full-time employees. The magazine became an important leg of Luce’s media empire;citation needed after the successful launch of Time in 1923 and Fortune in 1930, Luce went on to launch Life in 1936 and Sports Illustrated in 1954.

It is time for you to find that someone for the long term. Ackman also suggested it might be time for Musk to settle down with a long-term partner. “Whoever said, ‘Money can’t buy happiness’ really knew what they were talking about,” Musk wrote this week on X, a post that’s garnered over 96 million views. But even with more wealth to his name than anyone in history, Musk doesn’t seem convinced that the number in his bank account translates into personal fulfillment. Elon Musk’s net worth surged to $852 billion this week—a record high set into motion by the merger of two of his companies, SpaceX and xAI, ahead of a highly anticipated IPO later this year.