Elon Musk Donated $6 Billion In Shares Last Year, Days After Tweet About Ending World Hunger

Tesla and SpaceX CEO Elon Musk has disclosed that he gave away practically $6 billion (roughly Rs 45,127 crores) of his fortune to charity final 12 months. Based on the Securities and Change Fee, Musk donated over 5 million of Tesla shares in November. Primarily based on the value of Tesla shares on the time, the worth was price $5.7 billion (roughly Rs 42,871 crores). This makes Musk the second-biggest donor final 12 months, behind solely Invoice Gates and Melinda French Gates who gave $15 billion in donations, in accordance with a report in Chronicle of Philanthropy cited by The New York Instances.

In November and December, Musk offered greater than $16 billion (roughly Rs 1,02,000 crores) price of his shares, a lot of which have been meant to cowl tax obligations. On the time, he wrote on Twitter that he was more likely to pay greater than $11 billion in taxes, one of many largest particular person invoice in US historical past. The $6 billion inventory donation, as identified by NYT, might be helpful in masking that invoice. Now, there’s little details about the place Elon Musk’s donation went. It’s not often known as to the place Musk’s $6 billion donation went. The donation got here few weeks earlier than the Tesla CEO tweeted that he would give $6 billion if the United Nations might show that cash might assist remedy world starvation. Days after, the UN’s World Meals Program outlined the way it will spend $6.6 billion.