Forbes Daily: The Richest Woman In America Makes Largest Known Gift
Good morning,
Like many, I have watched in horror as countless friends in my former home of North Carolina have been unable to reach their loved ones.
Hurricane Helene wiped out communities and infrastructure in the Southeast, claiming more than 160 lives as one of the 10 deadliest storms in U.S. history, according to USA Today. AccuWeather estimates the damage will range between $95 billion and $110 billion.
It will be a long recovery, and the region is in need of support. To make sure your assistance gets to those who need it, be sure to check the credentials of potential organizations and use caution when donating to individuals to avoid any potential scams.
A few charities accepting Helene-specific donations include: the American Red Cross, World Central Kitchen and Airbnb.org, which helps people find a temporary place to stay.
Walmart heiress Alice Walton
Alice Walton, America’s richest woman, just reported her largest known charitable gift to date, including $249 million to help fund a new medical school in her name in her family’s hometown of Bentonville, Arkansas. Forbes estimates that Walton, the only daughter of Walmart cofounder Sam Walton, has now given away $1.5 billion in her lifetime, making her one of the 30 biggest lifetime givers nationwide.
Iran fired rockets at Israel Tuesday, the Israeli military said, potentially escalating the war in the Middle East as Iran took responsibility for the attack and warned it is only a “first wave.” In a statement read on state television, Iran said the attack was retaliation for the killings of multiple Hezbollah leaders, according to the Associated Press.
Photo by Smith Collection/Gado/Getty Images
Aerospace and defense stocks reached all-time highs, a grim market reaction to the latest escalation of tensions in the Middle East, as the Israeli military reported missile strikes from Iran a day after Israeli ground forces entered Lebanon. Defense stocks typically see gains during times of heightened conflict as the companies’ revenues rely heavily on U.S. government contracts.
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