Could Elon Musk Have Solved World Hunger Instead Of Buying Twitter
Right after the announcement that had accepted Elon Musk’s $44 billion bid to purchase the social media platform, the internet started wondering: what else could have been done with such an astonishing amount of money?
One story that suddenly reemerged on social media is that of Musk’s pledging $6 billion to the United Nations‘ World Food Programme to help the organization end world hunger back last year.
The story began with an interview the director of the U.N. World Food Programme , David Beasley, gave to CNN in October 2021, in which Beasley said that billionaires needed to “step up” to help save millions around the world from famine and starvation.
Specifically talking about Musk, Beasley said that 2 percent of Tesla‘s CEO’s wealth estimated at $6 billion at the timecould have helped “42 million people that are literally going to die if we don’t reach them.”
“It’s not complicated,” he added.
Musk apparently heard Beasley’s appeal through researcher Eli David, who quoted CNN’s article in a tweet on October 30. A day later, Musk tweeted: “If WFP can describe on this Twitter thread exactly how $6B will solve world hunger, I will sell Tesla stock right now and do it.”
If WFP can describe on this Twitter thread exactly how $6B will solve world hunger, I will sell Tesla stock right now and do it.
Elon Musk
The meal would have been delivered in food aid, cash, or vouchers, according to Beasley.
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The head of the U.N.s World Food Program is telling billionaires its time to step up as the global threat of food insecurity rises with Russia‘s war in Ukraine, saying hes seen encouraging signs from some of the world’s richest people, like Elon Musk and Jeff Bezos.
Agency Executive Director David Beasley built upon a social media back-and-forth he had with Musk last year, when the Tesla CEO challenged policy advocates to show how a $6 billion donation sought by the U.N. agency could solve world hunger.
Since then, Musk put $6 billion into a foundation. But everybody thought it came to us, but we aint gotten any of it yet. So Im hopeful, Beasley told The Associated Press at the World Economic Forum in Davos, Switzerland, where some of the worlds biggest elites and billionaires have gathered.
I dont know what its going to take, he said of Musk. Were trying every angle, you know: Elon, we need your help, brother.
Musk and Bezos didn’t immediately respond to emails or other messages seeking comment.
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Elon Musks Quid Pro Quo Wants Proof $6 Billion Can Solve World Hunger
Elon Musks worth is $311 billion- Bloomberg Index.
Elon Musk, Tesla CEO and the worlds richest man challenged a United Nations officials claim that just a tiny percentage of his wealth would help solve world hunger.
Musk was reacting to comments by the UNs World Food Programme director, David Beasley asking billionaires like Musk to step up now, on a one-time basis.
Beasley specifically called for a response from Musk and Amazon.com Inc. co-founder Jeff Bezos both men are at the top of the Bloomberg Billionaires Index.
Beasley said just $6 billion could save 42 million people from dying.
Musk responded in a Twitter post, If the World Food Programme, using transparent and open accounting, can describe on this Twitter thread exactly how $6B will solve world hunger. I will sell Tesla stock right now and do it.
Musk is CEO of the electric-vehicle company, which joined ranks with a handful of companies valued at over $1 trillion last week.
This Is An Amazing And Great First Step
Tesla CEO Elon Musk has reportedly donated roughly $5.74 billion of $16.4 billion worth he got from selling five million Tesla shares last year to charity, reports and the contribution appears to have been made just days after UN World Food Program executive director David Beasley to contribute billions toward battling the world hunger crisis.
There’s just one problem: we have no idea where the money went. And Musk may have also used the opportunity to reap the tax benefits of making such a large donation the oldest move in the billionaire playbook.
Back in November, Musk balked at the suggestion, taking Beasley’s suggestion wildly out of context.
“If WFP can describe on this Twitter thread exactly how $6B will solve world hunger, I will sell Tesla stock right now and do it,”Musk tweeted at the time. “But it must be open source accounting, so the public sees precisely how the money is spent.”
Beasley fired back, though, providing a detailed plan on how the funds would be spent.
If the latest report turns out to be true, there’s a chance Musk may have been impressed by that effort and decided to pony up.
It sounds as though the WFP hasn’t received any funds yet, though.
“Whether WFP receives any of this money is yet to be seen, but I am excited to hear that Elon is engaged,” Beasley told in a statement on Tuesday. “This is an amazing and great first step.”
Musk also in January to figure out what causes to donate to.
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Musk’s Sketchy $57 Billion Donation
It turns out that Musk did, in fact, donate $5.7 billion in Tesla shares to an undisclosed ‘charity’ in February 2022, according to an official filing with the U.S. Securities and Exchange Commission . Due to the timing of the donation, many believed that it may have been a contribution to the World Food Programme, but it turns out the organization didn’t receive any money from the entrepreneur. “Whether WFP receives any of this money is yet to be seen, but I am excited to hear that Elon is engaged,” said the organization’s executive director Beasley in a February statement to Forbes. However, no other major charities claimed to have received the gift, and Musk did not publicly acknowledge or comment on the donation. So where did it go? Most likely, the contribution was placed in a donor-advised fund , which can hold assets marked for charitable contributions until a donation is officially made. Assets inside a DAF can be held for years without being sent to a nonprofit, while the fund’s owner can write off the transfer as charity in tax filings.
Elon Musk Gave A Mysterious $57 Billion Donation Weeks After He Dared The Un To Show Him Its Plan For Solving World Hunger
Elon Musk donated around $5.74 billion to charity in November, just weeks after tweeting that if the UN World Food Program showed him how $6 billion would solve world hunger, he would sell Tesla stock right now and do it.
Its unclear, however, where Musk will be donating that $5.74 billion. Musk sold 5,044,000 Tesla shares worth that amount and gave the money to charity between Nov. 19 and Nov. 29, according to an SEC filing. The recipient is anonymous.
This massive donation to an undisclosed charity came just weeks after executive director of the World Food Program David Beasley told CNN on Oct. 26 that the worlds elite needed to step up to end global food insecurity, specifically citing Elon Musk and Jeff Bezos. Beasley said that $6 billion help 42 million people that are literally going to die if we dont reach them. Its not complicated.
On Oct. 31 Musk tweeted an article citing the interview, writing: If WFP can describe on this thread exactly how $6B will solve world hunger, I will sell Tesla stock right now and do it.
If WFP can describe on this Twitter thread exactly how $6B will solve world hunger, I will sell Tesla stock right now and do it.
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Twitter Had Received A Copy Of The Countersuit On July 29 And Said Court Rules Allowed It Five Business Days To Work On Redactions Musk Said Three Business Days Were Enough
According to reports, Musk’s countersuit may be released as soon as Thursday.
Wilmington:
Twitter Inc and Elon Musk, who are suing each other over the world’s richest person’s effort to exit their $44 billion merger, couldn’t even agree on how much to tell the public about their dispute.
The presiding judge, Chancellor Kathleen McCormick of Delaware Chancery Court, ruled on Wednesday that Musk’s countersuit shall be made public by the afternoon of Aug. 5, two days later than Musk wanted.
Musk’s countersuit may be released as soon as Thursday, according to a person familiar with but not authorized to discuss the case.
McCormick ruled after San Francisco-based Twitter accused Musk of trying to release his 163-page countersuit on Wednesday without giving it a chance to redact, or black out, confidential information about the company.
Hours later, Musk’s lawyers shot back, accusing Twitter of trying to bury “the side of the story it does not want publicly disclosed” and undermine the public’s First Amendment constitutional right to know what both sides are arguing about.
Twitter had received a copy of the countersuit on July 29, and said court rules allowed it five business days to work on redactions. Musk said three business days were enough.
The dispute highlights the acrimony between Twitter and Musk, who is also chief executive of the electric car company Tesla Inc.
Twitter shares closed up 2 cents at $41.00 on Wednesday.
Teslas Elon Musk Responds To Un World Food Program Directors Call To Solve World Hunger
A few days ago, United Nations World Food Program director David Beasley told CNN that a small group of ultra-wealthy individuals such as Tesla and SpaceX CEO Elon Musk could help solve world hunger with just a fraction of their net worth. Musks net worth currently stands at $311 billion thanks to a recent rally in TSLA stock, effectively making the CEO the worlds wealthiest individual today.
While speaking at CNNs Connect the World with Becky Anderson, Beasley called for billionaires to step up now, on a one-time basis. He also noted that even just 2% of Musks current net worth could solve world hunger. This translates to roughly about $6 billion. $6 billion to help 42 million people that are literally going to die if we dont reach them. Its not complicated, the UN WFP director said.
If WFP can describe on this Twitter thread exactly how $6B will solve world hunger, I will sell Tesla stock right now and do it.
Elon Musk
Musk has now responded to Beasleys statements. While responding to a post on Twitter which highlighted that the UN World Food Program actually raised $8.4 billion in 2020, Musk noted that if the WFP could explain exactly how $6 billion would solve world hunger, then he would be more than willing to sell some TSLA stock right now. This is a key point as most of Musks net worth is tied to his majority stake in Tesla. This means that for Musk to have $6 billion in cash, hed have to sell TSLA stock.
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Will Elon Musk Abide By Twitter Poll And Sell 10% Of His Tesla Shares
Worlds wealthiest person says proposed billionaires tax led to poll, the result of which sent price falling
Elon Musk, the chief executive of Tesla and worlds richest person, asked his 62.8 million Twitter followers over the weekend whether he should sell $21bn worth of shares in the electric car company in order to pay tax. Tweeting he would abide by the results of this poll, whichever way it goes, 58% of those who responded said yes, he should sell the shares, sending Teslas share price down 5% in pre-market trading on Monday.
Why did he do it?Musk, who is sitting on a paper fortune of more than $338bn in Tesla and Space-X shares, proposed selling 10% of his Tesla shares in order to generate enough money to pay a proposed billionaires tax on unrealised capital gains.
He said that as he did not take a cash salary or bonus from anywhere the only way for him to pay taxes personally was to sell stock. However, he has made billions through a bonus scheme that granted him share options based on Telsas share price performance.
Much is made lately of unrealized gains being a means of tax avoidance, so I propose selling 10% of my Tesla stock.Do you support this?
Lorde Edge
Ron Wyden, the Democratic senator from Oregon who chairs of the Senate finance committee, said the proposed tax, which would affect the 700 wealthiest people in the US, would ensure billionaires pay tax every year, just like working Americans.
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New York The director of the United Nations’ World Food Programme laid out a plan to spend $6.6 billion to combat world hunger a direct response to a back-and-forth with Tesla CEO Elon Musk, who claimed he would sell Tesla stock to fund a plan if the WFP could describe “exactly how” it would work.
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Tesla Chief Executive Began Gifting Shares To Undisclosed Charity Four Days After Un World Food Program Responded To His Public Challenge To Detail What The Group Would Do With $6 Billion But Director Says Group Hasnt Received Anything
Tesla Inc. Chief Executive Elon Musk donated more than 5 million Tesla shares to an unnamed charity, a filing with the Securities and Exchange Commission shows.
Tesla Inc. Chief Executive Elon Musk donated more than 5 million Tesla shares to charity in November, days after the U.N. World Food Program outlined a plan to potentially use a $6 billion donation from the worlds richest man, but the group has not received anything.
A filing with the Securities and Exchange Commission made public Monday showed the donation to charity, but not a specific recipient. The Tesla TSLA,
+0.81% that he would sell Tesla stock and donate $6 billion to the U.N. World Food Program if it can describe on this Twitter thread exactly how $6B will solve world hunger. The executive director of the program, David Beasley, responded with a proposal on Monday, Nov. 15, and Musk began transferring shares to a charity the following Friday.
World Food Program spokesman Steve Taravella declined to disclose any information when contacted Monday, saying WFPs practice has always been to leave any disclosure of possible contributions up to donors themselves. Beasley issued his own statement on Tuesday, however, saying the group had not received any funds yet.
Whether WFP receives any of this money is yet to be seen, but I am excited to hear that Elon is engaged, Beasley said. This is an amazing and great first step.
Elon Musk Promises To Give $6 Billion To Solving World Hunger If The Un Can Be Transparent About The Money
After a public challenge from the director of the United Nations World Food Program, Tesla CEO Elon Musk promised to devote $6 billion toward solving world hunger as long as the United Nations is truly transparent about how the money is spent.
Musks net worth surged by $36 billion after Tesla surpassed $1 trillion in market valuation due to a large deal with rental car company Hertz. During an interview with CNN, World Food Program director David Beasley called on Musk to step up now, on a one-time basis by spending $6 billion to help 42 million people that are literally going to die if we dont reach them.
On Twitter, artificial intelligence expert Eli David noted that the World Food Program already raised $8.4 billion last year: How come it didnt solve world hunger?
If WFP can describe on this Twitter thread exactly how $6B will solve world hunger, I will sell Tesla stock right now and do it, Musk said in response, But it must be open source accounting, so the public sees precisely how the money is spent.
Open source accounting? A terrible idea, David replied to Musk. The public will see that most of the money is wasted on bureaucracy and incompetence.
I can assure you that we have the systems in place for transparency and open source accounting, replied Beasley. Your team can review and work with us to be totally confident of such.
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Did Musk Donate The $6b To Wfp
The answer is unclear.
News publications, including Fortune, Forbes and The New York Times, reported that Musk made a mysterious $5.74 billion donation in November 2021, a few weeks after his Twitter showdown with the WFP’s director.
Although it is certain that Musk made this donation to charity, as certified by a Securities and Exchange Commission filing, the recipient of the donation was anonymous and remains unknown to this day. The WFP told Forbes they were not the recipient of the donation, and they had not received a check from Musk.
“Whether WFP receives any of this money is yet to be seen, but I am excited to hear that Elon is engaged,” Beasley told Forbes in February. Forbes speculates that the $5.74 billion donation was likely made to a donor-advised fund a philanthropic bank account that entitles a donor to an immediate tax deduction.
Musk did not confirm what charity benefited from the donation.