Elon Musk says he’ll donate $6 billion to end world hunger – but is it enough?

Published

3 years ago

November 1, 2021

Would $6 billion be enough to end the world hunger crisis?

Elon Musk says he’s willing to sell Tesla stock to donate to the UN, if the agency can prove how the money will be spent to end the global hunger crisis.

A United Nations official earlier claimed that just 2 percent of the entrepreneur’s income could 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, the world’s richest man, tweeted Sunday.

$36 billion in one day – @elonmusk's net worth increase due to a @Tesla / @Hertz deal. Congratulations, Elon! 1/6 of your one day increase would save 42 million lives that are knocking on famine's door. Unprecedented crisis. Unprecedented wealth. Help!! https://t.co/n4hfpl5NRE
— David Beasley (@WFPChief) October 28, 2021

Musk added however, that the World Food Programme (WFP) must publicly disclose how they are utilising his funds.

Since Beasley’s initial tweet requesting for donations from Musk – Musk’s net worth has grown to more than $300billion.

The $6billion Beasley requested would be approximately 2 percent of Musk’s income and less than the $9.3billion his wealth increased on October 29 alone.

Musk is now worth over $100billion more than the second-richest person on earth, Jeff Bezos.

ASX positioned for strong start after positive stock rebound

Published

3 days ago

September 10, 2024

ticker NEWS

The ASX is set for a solid opening today, bolstered by overnight gains in the banking, commodities, and energy sectors.

Despite these positive movements, analysts are suggesting that the stock rebound and bond decline appear to be technically driven, noting that it may not mark the beginning of a longer-term trend.

Market analyst David Scutt from StoneX joins to discuss the latest market movements. #featured #trending

Leaders

Elon Musk is projected to become the world’s first trillionaire

Published

3 days ago

September 9, 2024

ticker NEWS

Elon Musk, the visionary entrepreneur behind Tesla and SpaceX, is projected to achieve an unprecedented financial milestone by becoming the world’s first trillionaire by 2027.

Currently the richest person alive, Musk holds a staggering net worth of $251 billion, with Tesla playing a major role in his fortune.

At this rate, experts predict his wealth could skyrocket, reaching the trillion-dollar milestone in just three years.

Tesla itself is growing at a remarkable pace, with a market value nearing $670 billion. #featured #trending

Money

Treasury Secretary believes the U.S. are on track for a “safe landing”

Published

3 days ago

September 9, 2024

ticker NEWS

Treasury Secretary Janet Yellen pointed to a “soft landing” for the economy, with unemployment slightly down despite slower job creation.

In a recent interview on Bloomberg, Yellen stated that “For the US, the kinds of metrics that we would monitor that would summarise risks — whether it’s asset valuations or a good degree of leverage — things look good, I don’t see red lights flashing”. #featured #trending