Elon Musk donates $112 million to charities

Elon Musk, the richest person in the world, donated Tesla shares worth $112 million to charities in the final days of 2024. This is evident from stock exchange documents.

It is not yet clear which institutions are involved. Musk himself did not communicate about it. The gift was part of the billionaire’s fiscal end-of-year planning, the document said.

It is not the first time that Musk has donated large blocks of shares. At the end of 2021, donations amounted to $5.7 billion. The beneficiary ultimately turned out to be the Musk Foundation, his own charitable foundation.

Elon Musk is the richest person in the world with a fortune of $432 billion. He is best known as the owner of electric car maker Tesla, but owns a host of other technology companies.