The Tesla CEO is currently worth an estimated $179.5 billion.
When you’ve got more money than you know what to do with, giving some of it away to help other people seems like a no-brainer.
Musk’s wealth has taken some hits recently, but he’s still the second richest man in the world, with an estimated $179.5 billion net worth. He’s far from the first extremely wealthy person to complain about how hard it is to give money away. Amazon AMZN founder Jeff Bezos made a similar lament when he announced his intention to give most of his fortune to charity in 2022.
— Steel magnate Andrew Carnegie, speaking in 1895 Wealthy donors sometimes talk about the burden of giving away money because, they say, they feel a responsibility not to waste their money on ineffective solutions to society’s problems. Critics say that wealthy people use the “difficulty” excuse to justify being too slow, and overly methodical when they give out money.
While some billionaires announce their charitable giving on social media or in other public forums, Musk is comparatively quiet about his charity, though he occasionally tweets about his donations.
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