Elon Musk donated $5.7 billion worth of Tesla shares to charity in 2021.
The 50-year-old businessman gave a total of 5,044,000 shares in the carmaker to unnamed organisations between November 19 and 29 last year, according to its filing with the US Securities and Exchange Commission (SEC).
The donation came shortly after he tweeted promising to sell stock and donate $6 billion to the United Nations World Food Program.
He wrote at the time: “If [the United Nations World Food Programme] can describe… exactly how $6 billion will solve world hunger, I will sell Tesla stock right now and do it.”
The SEC filings didn’t make it clear which charity – or charitable groups – the shares have been donated to.
The donation means Musk is ranked as America’s second-biggest donor behind Bill Gates and Melinda French Gates for 2021, according to date from the Chronicle of Philanthropy.
The entrepreneur – who is worth an estimated $283.6 billion – forgoes a cash salary for his role as CEO, and he gets paid in Tesla stock awards instead.
Meanwhile, he previously revealed on Twitter he would pay more than $11 billion in taxes in 2021 because he would be exercising stock options which were due to expire.
