Alon Musk, founder and owner of the electric vehicle manufacturer
TESLA INC
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(TSLA), contributed more than 5 million shares of the company last November, according to a report by the US Securities and Exchange Commission. The estimated value of the donation is about $ 5.7 billion. This is one of the most generous donations to a charity ever made in history. The names of their donated charities were not mentioned in the documents.
The move came as Musk was in the process of selling shares, in which he sold $ 16 billion worth of shares in the last two months of 2021. Musk’s contribution helps him reduce his own tax costs, which he claims are among the highest in the United States, because donated shares tax.
According to the Time.news of Philanthropy magazine, Musk’s contribution places him second on the list of major contributors to 2021, with Bill Gates and his ex-wife Melinda French taking an estimated $ 15 billion last year.
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