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But American tax law dangles some significant incentives for them to do so. Musk likely managed to shave a couple billion off his $11 billion tax bill in 2021, thanks to the $5.7 billion he ...
Elon Musk is a South African-born businessman and the wealthiest person in the world, with an estimated net worth of US$402 billion as of February 8, 2025, according to the Bloomberg Billionaires Index, [417] and $397 billion according to Forbes, [418] primarily from his ownership stakes in Tesla, Inc., and SpaceX.
The foundation was initially endowed with $2 million. [8] From 2012 to 2015, it received a further $3 million. In 2016, Elon Musk donated Tesla shares worth $254 million to the foundation, thus avoiding tax payments that would have been due if he had sold the shares. [9]
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SAN FRANCISCO (Reuters) -Tesla chief executive Elon Musk donated a total of 5,044,000 shares in the world's most valuable automaker to a charity from Nov. 19 to Nov. 29 last year, its filing with ...
Elon Musk has since surpassed John D. Rockefeller as the richest person in the history of the United States, and of modern history, according to size of wealth compared to GDP. In December 2024 his wealth reached $474 billion dollars (1.61% of USA's GDP at that year) compared to Rockefeller's 1.5% at the height of his wealth. [5]
Funded by Elon Musk and the Musk Foundation, the $100 million carbon removal competition is the so far largest incentive prize in history. It is aimed "to inspire and help scale efficient solutions to collectively achieve the 10 gigaton per year carbon removal target by 2050, to help fight climate change and restore the Earth’s carbon balance".
Billionaire Elon Musk pledged to give away $1 million each day until November’s election to people who sign his online petition for registered voters — meaning the jaw-dropping sum will be ...