--- title: "Elon Musk May Have Donated $6 Billion to Fight World Hunger, But Nobody Seems Sure" description: "Tesla CEO Elon Musk has reportedly donated roughly $5.74 billion of $16.4 billion worth he got from selling five million Tesla shares last year, to charity — days after UN World Food Program (WFP) executive director David Beasley made the point on Twitter that $6.6 billion could go a huge way in battling a world […]" date: "2022-02-16" modified: "2022-02-16" authors: - name: "Victor Tangermann" job_title: "Senior Editor" link: "https://futurism.com/authors/victor" url: "https://futurism.com/elon-musk-world-hunger-unclear" categories: - "Elon Musk" - "Future Society" - "The Industrialists" tags: - "elon musk" - "philanthropy" --- # Elon Musk May Have Donated $6 Billion to Fight World Hunger, But Nobody Seems Sure ![Tesla CEO Elon Musk has reportedly donated roughly $5.74 billion of $16.4 billion worth he got from selling five million Tesla shares last year to charity.]() *\Image: Getty Images/Futurism\* Tesla CEO Elon Musk has reportedly donated roughly [$5.74 billion]() of $16.4 billion worth he got from selling five million Tesla shares last year to charity, [*MarketWatch* reports]() — and the contribution appears to have been made just days after UN World Food Program (WFP) executive director David Beasley [called on Musk]() to contribute billions toward battling the world hunger crisis. There's just one problem: we have no idea where the money went. And Musk may have also used the opportunity to reap the tax benefits of making such a large donation — the oldest move in the billionaire playbook. Back in November, Musk balked at the suggestion, taking Beasley's suggestion [wildly out of context](). "If WFP can describe on this Twitter thread exactly how $6B will solve world hunger, I will sell Tesla stock right now and do it," [Musk tweeted]() at the time. "But it must be open source accounting, so the public sees precisely how the money is spent." Beasley fired back, though, [providing a detailed plan]() on how the funds would be spent. If the latest report turns out to be true, there's a chance Musk may have been impressed by that effort and decided to pony up. It sounds as though the WFP hasn't received any funds yet, though. "Whether WFP receives any of this money is yet to be seen, but I am excited to hear that Elon is engaged," Beasley told *MarketWatch* in a statement on Tuesday. "This is an amazing and great first step." Musk also [reached out to his Twitter followers]() in January to figure out what causes to donate to. "\[By the way\], critical feedback is always super appreciated, as well as ways to donate money that really make a difference (way harder than it seems)," he wrote. There's a decent chance Musk poured the money into his own philanthropic organization, the Musk Foundation. He wouldn't be the first billionaire to have stuffed their own charities. The donation makes Musk America's second-biggest donor after Bill Gates and Melinda French Gates in 2021, [according to *Reuters*](). But it still amounts to a tiny fraction of his net worth. Musk also spent much of his time last year whining about taxation plans put forward by US politicians Bernie Sanders and Elizabeth Warren, calling them out for going after the ultra rich. Then in December, Musk [bragged]() that he "will pay over $11 billion in taxes this year," an amount that roughly makes up the rest of the five million Tesla shares he didn't donate to charity. "And if you opened your eyes for 2 seconds, you would realize I will pay more taxes than any American in history this year," he [added](). "Don’t spend it all at once… oh wait you did already." But many experts saw through the ruse. The shares "are a ticking tax time bomb," as Brian Foley, an executive compensation consultant, [told *The New York Times*]() in November. "Offhand I can’t think of any way for him to get around paying the tax." Donating, of course, could've saved Musk a sizeable sum. "His tax benefit would be huge," Bob Lord, associate fellow at the Institute for Policy Studies, told *Reuters*. "He'd save between 40% and 50% of the $5.7 billion in tax, depending on whether he could take the deduction against his California income and he'd avoid the gains tax he would have to pay if he sold the stock." It's still unclear, in other words, whether Musk decided to give away billions for the good of the world or to minimize his tax bill. But in either case, it's arguably better than nothing. **READ MORE:** [Elon Musk gave 5 million Tesla shares to charity, but World Food Program has not received anything yet]() \[*MarketWatch*\] **More on Musk and charity:** *[There's a Reason Elon Musk Is Suddenly Desperate to Sell Tesla Stock]()* ## Author I've been at Futurism since 2017, where my role has evolved to encompass design, writing, and increasingly editing. I've always been fascinated by space exploration and advanced transportation, which I've leaned into by interviewing luminaries in those fields while closely following the dimensions of policy and regulation that allow next-generation projects to succeed -- or, sometimes, to fail. I'm also keenly interested in the effects of generative AI on society, policies, and democratic institutions, as well as clean energy, physics and biology, and the vagaries of tech leadership. My work for Futurism has been cited by publications including Ars Technica, Gizmodo, PC Magazine, Jalopnik, Fox News, and the New York Post. I spent my childhood living in locations including Manila, the Philippines, and Geneva, Switzerland, attended McGill University, and now live in Toronto, Canada. Before Futurism I worked at AskMen and a small photography studio. In my free time, I'm an avid gardener, foodie, and craft beer lover, as well as a maker of artisanal hot pepper sauces. I have a magnificent dog named Freida. ### Author social links [Bluesky]()