In 2022, Elon Musk, the CEO of Tesla and SpaceX, set a world record for the largest charitable donation by a car company owner, contributing an astounding $5.7 billion to various global causes. This massive philanthropic gesture, filed through a U.S. Securities and Exchange Commission (SEC) disclosure, marked a pivotal moment in tech industry philanthropy, surpassing donations from other billionaires like Bill Gates and Warren Buffett.
Musk’s donation focused on causes such as sustainability, education, and healthcare, aligning with his broader commitment to tackling pressing global challenges. As a leading tech philanthropist, Musk’s generosity underscores his vision of using wealth from electric vehicles and space exploration to create lasting positive change
Elon Musk donated $5.7 billion in Tesla stock to his foundation in 2021, which was the largest charitable donation ever made by a car company owner at the time. The donation made the Musk Foundation one of the largest foundations in the United States.
The charity that received a gift of Tesla shares valued at $5.7 billion from Elon Musk at the end of 2021 was his own foundation, Bloomberg News reports.
The donation to the Musk Foundation instantly made it one of the largest foundations in the United States, with $9.4 billion in assets at the end of 2021, according to a tax filing obtained by Bloomberg. The filing details $160 million in donations from the foundation to nonprofits last year, including $55 million to St. Jude Children’s Research Hospital, $54 million to the XPrize Foundation, and donations Musk publicly promised to school districts and nonprofits in the area around Brownsville, Texas, near the SpaceX spaceport.
Musk has a personal fortune estimated at $167.6 billion, according to the Bloomberg Billionaires Index. According to a list of the top charitable givers last year, reported by the Chronicle of Philanthropy, Musk’s donations made him the second-biggest donor of 2021, after the $15 billion awarded by the now-divorced Bill Gates and Melinda French Gates.
News
Here’s What the FBI Found in Hulk Hogan’s Mansion After His Death That Shocked Everyone!
When news broke on the morning of July 24, 2025, that wrestling icon Hulk Hogan—born Terry Gene Bollea—had been found…
Two of music’s greatest legends, bound by iconic performances, torn apart by personal struggles, and reunited under fragile circumstances. For years, fans believed their friendship was golden, but beneath the spotlight, a very different story was unfolding. One man stayed silent, even after tragedy struck. Until now, Elton John finally breaks silence on George Michael, leaving the world shocked! This video uncovers the hidden story, the fragile bond, and the truth behind one of music’s most talked-about relationships. Prepare for a journey of stardom, struggle, and a revelation no one expected.
It was a duet that defined an era, a friendship that seemed to shine as brightly as the stadium lights…
For decades, fans believed in the fairy-tale marriage of Shirley Jones and Jack Cassidy. But behind the glamour, secrets and heartbreak shaped one of Hollywood’s most unforgettable love stories. For decades, fans believed in the fairy-tale marriage of Shirley Jones and Jack Cassidy. But behind the glamour, secrets and heartbreak shaped one of Hollywood’s most unforgettable love stories.
Hollywood’s Hidden Heartbreak: Shirley Jones Finally Reveals the Truth About Her Marriage to Jack Cassidy For generations, Shirley Jones and…
At 67, Shaun Cassidy Exposes the Dark Secrets of Jack Cassidy — a story where Hollywood’s brightest spotlight collides with its darkest shadows. In this video, we uncover how Shaun, once a teen idol of the 1970s, finally speaks the truth about his legendary father, Jack Cassidy.
Hollywood’s golden age was a time of dazzling lights and unforgettable stars, but beneath the surface, some of its brightest…
Actor Jimmie Walker, best known as J.J. Evans on the classic sitcom “Good Times”, finally confesses the truth about what really happened behind the scenes. From cast conflicts and hidden struggles to unforgettable moments, his revelations uncover the reality of life on set that fans never saw.
Jimmie Walker, the iconic face behind J.J. Evans on the legendary sitcom “Good Times,” has finally opened up about the…
Remember Lil’ JJ? The Reason He Disappeared Will Leave You Speechless!
In the early 2000s, a young boy from Little Rock, Arkansas, stepped onto the national stage and changed the landscape…
End of content
No more pages to load
