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Elon Musk gave $5.7 billion charity last year. Where the money went was a mystery—until now

Summary by Fortune
Musk donated the money to an unnamed organization at the end of 2021. It turned out to be his personal philanthropic arm, the Musk Foundation.

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FortuneFortune
Center

Elon Musk gave $5.7 billion charity last year. Where the money went was a mystery—until now

Musk donated the money to an unnamed organization at the end of 2021. It turned out to be his personal philanthropic arm, the Musk Foundation.

·New York, United States
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BloombergBloomberg
Lean Left

Musk’s $5.7 Billion Mystery Gift Went to His Own Charity

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.

·United States
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MoneywebMoneyweb

Musk’s $5.7bn mystery gift went to his own charity

A large gift to charity would have helped reduce what Musk has described as the biggest tax bill in US history.

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Bloomberg broke the news in United States on Monday, December 12, 2022.
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