Elon Musk, the richest man in the world, donated 5.04 million shares of his company Tesla to philanthropy in November, indicates a stock market document released Monday evening, without specifying to whom.
That’s $5.7 billion at closing prices on the days the donations were made, $4.4 billion at Monday night’s closing price. These transactions were carried out at a time when the entrepreneur was disposing of many of his shares in order to meet tax obligations arising from the exercise of stock options.
The 50-year-old has, according to calculations by the Wall Street Journal, sold a total of the equivalent of more than 16 billion dollars of Tesla shares during the last two months of last year. Elon Musk, also boss of SpaceX, had indicated in a tweet at the beginning of December that he was going to pay 11 billion dollars in taxes for the year 2021. Donations often reduce the tax bill.
The whimsical boss, whose fortune is currently valued at $238 billion by Forbes magazine, has several times responded sharply on Twitter to remarks by politicians like Elizabeth Warren or Bernie Sanders calling for the creation of a wealth tax.
He had signed in 2012 the “Giving Pledge”, an initiative launched in 2010 by businessman Warren Buffett, Microsoft founder Bill Gates and his ex-wife Melinda French Gates, encouraging the ultra-rich to give at least 50% of their fortune to charitable activities .