The Musk Foundation’s largest donations last year were $55 million to St. Jude Children’s Research Hospital and $54 million to the X Prize Foundation, according to Bloomberg.
The mystery recipient of a $5.7 billion donation Elon Musk made in 2021 has been revealed. The money went to Musk’s own charitable foundation, Bloomberg reported, citing a tax filing obtained by the outlet.
Musk, who lost his spot as the world’s richest person as of Monday, has an estimated net worth of $177.5 billion. In 2012, Musk signed the Giving Pledge, a public promise to give away most of his wealth either during his lifetime or in his will. Musk, who co-founded Tesla and SpaceX and is now the owner of Twitter, said earlier this year that he considered his companies to be a form of philanthropy, because, according to him, they exist to help humanity.
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