Elon Musk's Charitable Giving: A Closer Look at Its Beneficiaries
Originally Published 1 year ago — by Fortune
An investigation revealed that about half of Elon Musk's charitable donations benefited his business interests, partners, or family, including a nonprofit school attended by his own children. Tax filings showed that his foundation gave away $160 million in 2022, but fell short of legal requirements. Musk has been criticized for unfulfilled promises and using loopholes to lower his tax bill. He maintains that his companies, such as Tesla and SpaceX, are inherently philanthropic, despite skepticism from experts and critics.