The CEO of Tesla and Twitter, Elon Musk, donated nearly $2 billion in Tesla shares to charity last year.
Currently the world’s second-richest person, the Tesla CEO owns around 13 percent of the company’s stock, Reuters reported.
Around a total of 11.6 million shares from the electric car company, worth $1.95 billion, were given away by Musk as “a bona fide gift,” according to a filing with the Securities and Exchange Commission (SEC). Musk’s SEC filing did not name the recipients of his donations, which were made between August and December 2022.
Most of the donations were clustered toward the end of the year, with analysts suggesting that tax planning may have played a role, according to Marketwatch….