Hey, Mims, what would you do with a billion dollars?

I think I'd buy a million iPhones and give them away in a Mr. Beast-style stunt that's sure to net me the most viewed YouTube video in history.

Well, we asked the president of the Rockefeller Foundation what advice he has for Elon Musk when it comes to using his billions of dollars to help humanity.

And that says Musk and Doge are taking a chainsaw to government aid spending.

That's next.

There's probably no bolder name in the history of U.S. business than Rockefeller.

That's John D. Rockefeller. He made his fortune in oil more than 100 years ago,

and he eventually used some of his money to create a nonprofit organization that still bears his name to promote the well-being of humanity.

All these years later, Raj Shah is the man responsible for that legacy as the president

of the Rockefeller Foundation.

That puts him on the front lines of trying to fill the gaps in foreign aid that evaporated

with the Trump administration's elimination of the U.S. Agency for International Development,

or USAID. We're trying to understand where the pockets of vulnerability are most aggressive,

and we're trying to craft new solutions that countries can get behind,

because at the end of the day, this takes public and private,

and philanthropy can't fill the gap.

Shaw has special insight into the situation,

having run USAID under the Obama administration.

The agency's work has been criticized by President Trump and his ally Elon Musk. They say it was

wasteful and did not reflect America's values. We have massive amounts of fraud that we caught.

I think we probably caught way over a lot of billions of dollars already in, what, two weeks?

Yes.

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