Pursuits
Musk’s $5.7 Billion Mystery Gift Went to His Own Charity
- Musk Foundation had $9.4 billion in assets at the end of 2021
- The three-director organization donated to St. Jude’s, X Prize
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The $5.7 billion of Tesla Inc. shares that Elon Musk donated to an unnamed organization at the end of 2021 went to his own charitable arm, instantly making it one of the largest foundations in the US.
The Musk Foundation held $9.4 billion in assets at the end of 2021, according to a tax filing obtained by Bloomberg News. It sent about $160 million to nonprofits last year, by far the most the world’s richest person has donated from his organization in a calendar year.