Elon Musk tweeted that he would donate $6 billion if the UN could prove that the money would solve world hunger, but financial documents reveal that he actually donated $5.7 billion to his own foundation instead, probably in order to dodge taxes.
to do good with his money and influence and then backing out, never materialized — not for the WFP, anyway.
Instead, the money went to the Musk Foundation, which appears to be set up in a way that is similar to other foundations started by billionaires; essentially,of these foundations is allowing the rich to dodge taxes while painting themselves as charitable. Such foundations often sit on large amounts of money while charities wait for donations to arrive; indeed, even though the Musk Foundation had about $9.4 billion in assets by the end of last year, it gave only $160 million to charities in 2021. Similarly, the largest foundation in the U.S., the Bill and Melinda Gates Foundation — which is by
— had assets worth $55 billion at the end of 2021 while distributing $6.2 billion in grants, according to a foundation spokesperson.of Tesla stock. While he posted a poll on Twitter asking whether or not he should sell the stock, pretending that he was merely listening to the public, journalists and experts have noted that he likely sold the stock to help
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