Elon Musk recruited poker stars before making a $5.7 billion mystery gift
according to the Bloomberg Billionaires Index. The donation of $5.7 billion of Tesla stock could be a sign that he’s picking up the pace of his giving -- but it also doesn’t mean he’s actually sent much to charity yet. The gift likely went to Musk’s foundation Barasch said. But scale is also a factor didn’t respond to requests for comment. If Musk’s foundation is turning to effective altruism Elon Musk recruited poker stars before making a $5.7 billion mystery gift NEW YORK It’s a matter of public interest where the money is going because the scale is so large. Barasch said. Other gifts from Musk Musk has a $227 billion personal fortune it’s a lot of money an associate professor of marketing at New York University who has done research on the movement. Musk doesn’t regularly publicize his gifts and tax documents that provide such disclosures have a years-long delay. What Musk has shared recently includes $10 million to Brownsville Musk’s November gifting spree came around the time he was sparring with politicians on Twitter about his taxes. A large gift to charity would help reduce what he owed to the government. Days before he completed a series of stock sales worth more than $16 billion -- much of which was to cover the exercise of almost 23 million options -- Tesla’s chief executive tweeted he would pay more than $11 billion in taxes for the year. In the weeks leading up to the gift the public might never know where much of the money is going unless he chooses to share it on Twitter or the Musk Foundation’s website is finally becoming a philanthropist on the scale of his billionaire peers. The electric car and space mogul gifted $5.7 billion worth of Tesla Inc stock to charity in the span of 10 days in November -- many times more than he’s given away through his eponymous foundation in the two decades since it was founded. Where that donation is going is a mystery
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