Elon Musk Gave $5.7 Billion of Telsa Shares Last Year to Charity

Report claims that Elon musk gave $5.7 billion of Telsa shares last year to charity. In November, the now world’s richest man made the donations. The names of the recipients however were not disclosed.

Elon Musk Gave $5.7 Billion of Telsa Shares Last Year to Charity

Elon Musk Gave $5.7 Billion of Telsa Shares Last Year to Charity

Elon Musk, CEO of Tesla and SpaceX, gave around $5.7 billion worth of Tesla shares to charity last year. The gifts were made in November, as indicated by a security recording Monday.

The recording doesn’t make reference to the beneficiaries of the five distinct gifts, which added up to around 5 million shares of the electric vehicle organization and the world’s most significant automaker. The gifts came as the tycoon sold $16.4 billion worth of shares subsequent to surveying Twitter clients about offloading 10% of his stake in Tesla toward the beginning of November, as indicated by Reuters.

The Donations Would Make Musk the Second-Biggest Donor Of 2021

The donations would make Musk the second-greatest giver of 2021, behind Bill and Melinda Gates, who gave $15 billion, as per the Chronicle of Philanthropy. In any case, the gifts would address just 2.6% of Musk’s complete fortune, which is esteemed at $227 billion, as per Bloomberg’s Billionaires Index, and Musk has followed different tycoons with regards to gifts as a level of his total assets, Reuters said.

The media source additionally noticed that investigators have said giving shares would offer Musk a critical expense reprieve.

Public Opinion on the Quiet Disclosure of the Charity Donations

The calm divulgence of such huge charity gifts touched off the hypothesis about the name of the foundations that might’ve accepted Musk’s cash. In November, days before these gifts were made; Musk said he’d sell Tesla stock if the United Nations would demonstrate “precisely” how it would address starvation around the world.

Days after the fact, The New York Times saw, the UN’s World Food Program illustrated how it would burn through $6.6 billion to assist with deflecting starvation.

This is not the first philanthropic effort by Elon Musk. Elon Musk, the CEO of Telsa announced in January of 2021 that he would donate $100 million towards a prize for the best carbon removal technology.


Please enter your comment!
Please enter your name here