Technology

Elon Musk Promises to Reward Best Carbon Technology $100 Million

Elon Musk Promises to Reward Best Carbon Technology $100 Million

The Chief Executive Officer (CEO) of Tesla Inc. has announced that he will donate $100 million in reward for the best carbon capture technology.

The richest man in the world disclosed this in a tweet on Thursday.

“Am donating $100M towards a prize for best carbon capture technology,” Musk tweeted. “Details next week.”

Elon R Musk gained +$375 million in the last 24 hours to take his total gain in net worth this year to $32 billion and $202 billion total net worth.

Musk, who worth just about $27 billion in January 2020, has risen through the rank to top the world’s richest billionaire index.

The $100 million would be Musk’s largest known donation to date and represents around 0.05 percent of his net worth.

In 2012, Musk signed “The Giving Pledge” to join the list of billionaires that promise to donate half of their fortune to charity in their lifetime or in their wills.

Musk worth just $2 billion when he signed the pledge.
Samed Olukoya

Is the CEO and Founder of Investors King Limited. He is a seasoned foreign exchange research analyst and a published author on Yahoo Finance, Business Insider, Nasdaq, Entrepreneur.com, Investorplace, and other prominent platforms. With over two decades of experience in global financial markets, Olukoya is well-recognized in the industry.

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Samed Olukoya
4 years ago

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