The world’s richest man and Chief Executive of Tesla, Elon Musk has donated about $5.7 billion worth of the company’s shares to charity.
Investors King gathered that the announcement of the shares was revealed on Monday in a filing to the US Securities and Exchange Commission (SEC).
According to the SEC, the donation was made in 2021 between November 19 and November 29. However, the names of the recipient or recipients of the shares were not disclosed.
With this donation, Musk has been named the second biggest US donor in 2021, trailing Bill Gates and Melinda French Gates, who donated $15 billion last year.
Elon Musk was ranked the richest person in the world with a net worth of $224 billion as of Feb. 12, 2022 by ‘The World’s Billionaires’ , an annual ranking by documented net worth of the wealthiest billionaires in the world, compiled and published in March annually by the American business magazine, Forbes.
Musk owns a foundation that makes grants in support of renewable energy research and advocacy, human space exploration research and advocacy, pediatric research, science and engineering education, as well as development of safe artificial intelligence to benefit humanity.
He also co-founded and leads Tesla, SpaceX, Neuralink and The Boring Company.
As the co-founder and CEO of Tesla, an American electric vehicle and clean energy company based in Austin, Texas, Elon leads all product design, engineering and global manufacturing of the company’s electric vehicles, battery products and solar energy products.
Since the company’s inception in 2003, Tesla’s mission has been to accelerate the world’s transition to sustainable energy. In 2016, Tesla became the world’s first vertically-integrated sustainable energy company with the acquisition of SolarCity, the leading provider of solar power systems in the United States.
Elon is also CEO of Neuralink, which is developing ultra-high bandwidth brain-machine interfaces to connect the human brain to computers.
He also launched The Boring Company, which combines fast, affordable tunneling technology with an all-electric public transportation system in order to alleviate soul-crushing urban congestion and enable high-speed, long-distance travel.
Previously, Elon co-founded and sold PayPal, the world’s leading Internet payment system, and Zip2, one of the first internet maps and directions services.