Elon Musk Donated Over $5 Billion Worth Of Tesla Stock To Unnamed Charity Last Year
ForbesSep 11, 2021
Elon Musk Donated $5.7B in Tesla Stock to Charity Last Year
Image copyright: Jim Watson/AFP/Getty Images [via The Guardian]
The Facts
Musk reportedly donated roughly $5.7B in Tesla shares to charity last year.
5,044,000 shares were donated in Nov. 2020, according to the SEC.
The Spin
Narrative A
Despite being the richest man in the world, Musk is also one of its biggest tax-dodgers and has donated less than 1% of his net worth, unlike other billionaires, such as Buffet and Soros, who've given over 20%.
Narrative B
Musk has become more active in gifting as his net worth has grown over recent years. He has funded research into issues like carbon removal and tackling COVID and is clearly committed to effective altruism.