Elon Musk’s US$5.7bil mystery gift went to his own charity

Musk, 51, has a personal fortune of US$167.6bil (RM736.60bil), according to the Bloomberg Billionaires Index. He relocated his businesses, including Tesla, from California to Texas during the pandemic, also shifting his charitable foundation. — Tesla/Reuters

The US$5.7bil (RM25.05bil) of Tesla Inc shares that Elon Musk donated to an unnamed organisation at the end of 2021 went to his own charitable arm, instantly making it one of the largest foundations in the US.

The Musk Foundation held US$9.4bil (RM41.31bil) in assets at the end of 2021, according to a tax filing obtained by Bloomberg News. It sent about US$160mil (RM703.20mil) to nonprofits last year, by far the most the world’s richest person has donated from his organisation in a calendar year.