HomeTechnologyElon Musk Gave $5.7 Billion of Tesla Shares to Charity Final Yr

Elon Musk Gave $5.7 Billion of Tesla Shares to Charity Final Yr


Elon Musk is at the moment the richest particular person on this planet. 

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Elon Musk, CEO of Tesla and SpaceX, donated round $5.7 billion value of Tesla shares to charity final yr. The donations had been made in November, in accordance with a safety submitting Monday.

The submitting does not point out the recipients of the 5 totally different donations, which totaled about 5 million shares of the electrical car firm and world’s most useful automaker. The donations got here because the billionaire bought $16.4 billion value of shares after polling Twitter customers about offloading 10% of his stake in Tesla in early November, in accordance with Reuters.

The donations would make Musk the second-biggest donor of 2021, behind Invoice and Melinda Gates, who gave $15 billion, in accordance with the Chronicle of Philanthropy. Nevertheless, the donations would characterize solely 2.6% of Musk’s whole fortune, which is valued at $227 billion, in accordance with Bloomberg’s Billionaires Index, and Musk has trailed different billionaires relating to donations as a proportion of his web value, Reuters mentioned. The information outlet additionally famous that analysts have mentioned donating shares would give Musk a big tax break.

The quiet disclosure of such massive charity donations ignited hypothesis concerning the title of the charities that may’ve acquired Musk’s cash. In November, days earlier than these donations had been made, Musk mentioned he’d promote Tesla inventory if the United Nations might show “precisely” how it will clear up world starvation. Days later, The New York Occasions observed, the UN’s World Meals Program outlined how it will spend $6.6 billion to assist avert famine.

This is not the primary of Musk’s philanthropic efforts. In January of 2021, Tesla’s CEO introduced he’d donate $100 million towards a prize for greatest carbon removing expertise.   

Tesla does not function a public relations division to area requests for remark.



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