EXPOSED! is a weekly series that looks to unveil the dirty dealings of corporations, individuals and governments, often in collusion with each other. In this edition, we look at the Chief Twit's (!) recent tax avoidance scheme.
Elon Musk donated $5.7 billion at the end of 2021, but kept the recipient a secret.
New reporting shows the money went to his personal charity, meaning he didn't actually lose control over it - but it did net him a $4.6 billion tax break.
The man is a leech on society.
The charity that received a gift of Tesla shares valued at $5.7 billion from Elon Musk at the end of 2021 was his own foundation, Bloomberg News reports.
The donation to the Musk Foundation instantly made it one of the largest foundations in the United States, with $9.4 billion in assets at the end of 2021, according to a tax filing obtained by Bloomberg.
The filing details $160 million in donations from the foundation to nonprofits last year, including $55 million to St. Jude Children’s Research Hospital, $54 million to the XPrize Foundation, and donations Musk publicly promised to school districts and nonprofits in the area around Brownsville, Texas, near the SpaceX spaceport.
Musk has a personal fortune estimated at $167.6 billion, according to the Bloomberg Billionaires Index.
According to a list of the top charitable givers last year, reported by the Chronicle of Philanthropy, Musk’s donations made him the second-biggest donor of 2021, after the $15 billion awarded by the now-divorced Bill Gates and Melinda French Gates.
Link to OG article