ELON MUSK DONATED $108 MILLION IN SHARES
The world’s richest man, Elon Musk donated Tesla shares worth $108 million to charities.
According to regulatory filings, Musk donated 268,000 shares to unnamed charities just before the end of 2024.
The filings show that he donated as part of his “year-end tax planning” to “certain charities” that have “no current intention to sell such shock”.
This isn’t the first time that the billionaire has made such a massive donation. In 2022 he donates Tesla shares to the value of $1.95 billion.
In 2021, he donated $5.74 billion to his non-profit organisation the Musk Foundation. The foundation, of which Musk is president, offers grants for different causes, including the “development of safe artificial intelligence to benefit humanity”.
The South African-born Musk has a current net worth of $408.3 billion according to Forbes.
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