Elon Musk donated $5.7 billion to charity last year:
Elon Musk gifted almost $6 billion worth of Tesla stock to charity late last year in one of the largest philanthropic donations in history.
The donation occurred as Musk, Tesla’s chief executive officer, sparred with politicians including Bernie Sanders and Elizabeth Warren over inequality and a proposed wealth tax. In the weeks leading up to the gift, Musk suggested he’d sell stock if the United Nations proved $6 billion would help solve world hunger, after the head of the organization’s World Food Programme called for billionaires like Musk to “step up.
Much of Musk’s wealth is tied to Tesla, which overtook Toyota as the world’s most valuable automaker in July 2020 and joined a select group of companies with trillion-dollar valuations in October. Tesla’s market capitalization has slipped since then to about $905 billion at Monday’s close. The shares advanced as much as 3.7% before the start of regular trading Tuesday.
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