“The actually spectacular factor about Musk is the disjuncture between his excellent public persona, and his very, very minimal philanthropic presence,” mentioned Benjamin Soskis, who research philanthropy on the City Institute. The place different billionaires have aimed for a broad affect on society, Mr. Soskis mentioned Mr. Musk's basis lacks “any route or actual focus, outdoors of his enterprise ventures.”
Mr. Musk didn’t reply to requests for remark.
A faculty for his or her youngsters
Mr. Musk and his youthful brother, Kimbal, began the Musk Basis in 2001, a yr earlier than the sale of PayPal, the web funds firm he co-founded, to eBay for $1.5 billion. He has made greater than $175 million in gross sales, and can seed his eponymous basis with about $2 million in eBay inventory.
The Musk Basis's web site initially included slick animations, with photos of satellite tv for pc dishes and youngsters in school rooms, whereas encouraging folks to use for grants. In 2005, nonetheless, it was scrubbed, changed by plain black textual content declaring that the muse was involved in “science schooling, pediatric well being and clear vitality.”
He has no contact info listed. It's not but.
In September 2014, Forbes estimated that Mr. Musk's internet value was greater than $10 billion, boosted by the worth of his Tesla shares. However he gave little to his personal charity. That yr, tax filings present, his basis had $40,121 within the financial institution.
That matches with Mr. Musk's public stance on philanthropy. His for-profit corporations, he mentioned, had been his method of adjusting the world.
