Elon Musk, the world's biggest rich, donated $ 5.74 billion in shares, know how much is the net worth

Posted on 16th Feb 2022 by rohit kumar

Elon Musk, the world's biggest rich, donated a total of 5,044,000 shares of his electric car company Tesla in November last year. He had donated these shares between November 19 and 29. Tesla is the world's most valuable auto company and at that time the company's share price is $5.74 billion. The company has given this information to the US Securities and Exchange Commission. However, it has not been told to which organization this amount has been donated.

 

sold shares worth $16.4 billion at the end of last year

 

Musk sold shares worth $16.4 billion at the end of last year. For this, he also conducted a poll on Twitter and asked his followers whether he should sell a 10 percent stake in Tesla or not. It was also said that whatever the result of this poll, they have to sell the shares. Musk said last year that he had to pay more than $11 billion in taxes in 2021.

 

Musk is the richest man in the world

 

Experts say that if Musk gifts Tesla shares, he may get tax benefits from it. This is because donations made to charitable organizations are not subject to capital gains tax. Musk founded the Musk Foundation in 2001, which has assets of more than $ 200 million. Musk is the richest person in the world and his net worth is $227 billion according to the Bloomberg Billionaires Index.

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