Elon Musk’s charitable foundation ballooned to $9.5 billion in assets last year while handing out $237 million in gifts, most of which went to other entities controlled by the world’s richest person, Bloomberh reports.

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Musk’s Foundation Gave Away Less Money Than Required

Elon Musk’s charitable foundation ballooned to $9.5 billion in assets last year while handing out $237 million in gifts, most of which went to other entities controlled by the world’s richest person.

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Musk’s Charitable Foundation Sent Most of Its Millions to His Own Entities

Elon Musk’s net worth has surpassed a record $400 billion, making him far the richest person on the planet

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Musk’s charity sent most cash to his own entities – Bloomberg

“For the third year in a row, Elon Musk’s charitable foundation did not give away enough of its money,” the New York Times reports. “And it did not miss the mark by a small amount.” “New tax filings show that the Musk Foundation fell $421 million short of the amount it was required to give away in 2023. Now, Mr. Musk has until the end of the year to distribute that money, or he will be required to pay a sizable penalty to the Internal Revenue Se…

Goddard Media LLC

Last year, Elon Musk's charitable foundation increased its fortune to 9.5 billion US dollars, or about 218 billion crowns. But much of those funds flow to other organizations that the world's richest man currently controls. An example is Musk's other non-profit organization, The Foundation, which aims to open primary and secondary schools in the United States.

Charitativní nadaci Elona Muska se loni podařilo zvětšit své jmění na 9,5 miliardy amerických dolarů, v přepočtu zhruba 218 miliard korun. Velká část těchto prostředků však teče do dalších organizací, které nejbohatší člověk světa momentálně ovládá. Příkladem je třeba další Muskova nezisková organizace The Foundation, která cílí na otevření základních a středních škol v USA.

Charitativní nadace Elona Muska se rozrůstá. Dary ale putují jeho firmám

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Elon Musk's charitable foundation is growing. But donations go to his companies

Tech billionaire Elon Musk's foundation has once again failed to reach the legal donation minimum in the USA. In addition, most of the money goes to organizations that are closely linked to the Tesla boss or his companies. Now a hefty fine is looming.

Die Stiftung von Tech-Milliardär Elon Musk hat das gesetzliche Spendenminimum in den USA wieder einmal nicht erreicht. Hinzu kommt: Das meiste Geld geht an Organisationen, die eng mit dem Tesla-Boss oder seinen Unternehmen verbunden sind. Nun droht eine saftige Strafe.

Pflichtbetrag missachtet: Musk spendet hauptsächlich an sich selbst

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Bertelsmann Stiftung

Mandatory amount ignored: Musk donates mainly to himself

The net worth of the world's richest man, Elon Musk, surpassed $400 billion this week. While $237 million went to charity from Musk's foundation, it was mostly transfers of money due to tax breaks, Bloomberg reports.

Čisté jmění nejbohatšího muže světa Elona Muska tento týden překročilo 400 miliard dolarů. Z Muskovy nadace sice putovalo 237 milionů na charitu, ale byly to hlavně přesuny peněz kvůli daňovým úlevám, píše agentura Bloomberg.

Muskova malá domů. Příspěvky na charitu posílá zhusta svým vlastním firmám - Seznam Zprávy

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Musk's little home. He often sends charity contributions to his own companies - Seznam Zprávy

The private foundation of the world's richest man has failed to meet the legal requirement for the third year in a row. Under the so-called "five percent rule," private foundations are required by law to give at least five percent of their assets to charitable causes. Elon Musk's foundation is among the largest of its kind, with an endowment of $9 billion, including millions of shares of Musk's electric vehicle company Tesla.

Fondacioni privat i njeriut më të pasur në botë nuk arriti të dhurojë shumën e kërkuar me ligj për të tretin vit radhazi. Sipas të ashtuquajturës “rregulla e pesë përqindëshit,” fondacionet private janë të detyruara me ligj të drejtojnë të paktën pesë për qind të aseteve të tyre drejt kauzave bamirëse. Fondacioni i Elon Muskut është ndër më të mëdhatë e këtij lloji, me një kapital prej 9 miliardë dollarësh, duke përfshirë miliona aksione të komp…

Fondacioni i Muskut dha më pak para sesa duhet në vitin 2023, miliarderi mund të përfundojë në bankën e të akuzuarve

Telegrafi

Musk's foundation gave less money than it should in 2023, the billionaire could end up in the dock

The super-entrepreneur and multi-billionaire Elon Musk's own charity fund grew strongly during the past year - the assets are now equivalent to more than 100 billion kroner.

Superentreprenören och mångmiljardären Elon Musks egen välgörenhetsfond växte kraftigt under det gångna året – tillgångarna ligger nu på motsvarande över 100 miljarder kronor.

Skänker miljarder – till sig själv

Expressen

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Stockholm

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Sweden

Donating billions – to himself

A new report reveals how the world’s richest man, and close Trump ally, failed to meet a basic IRS rule last year.

Of Course Elon Musk’s Charity Is Skirting the Law

The New Republic

Win McCormack

Mr. Miser The holidays may be approaching, but it appears that SpaceX and Tesla CEO Elon Musk is remaining a total scrooge. The New York Times reports that the centibillionaire's charity, the Musk Foundation, failed to give away the minimum amount of money it was supposed to last year by a stupendous margin of $421 million. This continues Musk's pattern of shadily managing his ostensibly philanthropic efforts, such as when he made it seem like h…

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Musk’s Charitable Foundation Sent Most of Its Millions to His Own Entities: Bloomberg

Musk’s Charitable Foundation Sent Most of Its Millions to His Own Entities: Bloomberg

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