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.

Why the meme-stock frenzy is unlikely to repeat

Published

4 days ago

May 14, 2024

Nathan Langridge

GME shares surge 74%, but experts stress a meme-stock frenzy resurgence is unlikely due to fundamental differences in the company’s financial situation.

Australia’s budget unveils a second consecutive surplus of A$9.3 billion, prioritising the critical minerals industry and green energy initiatives to reduce reliance on Chinese supply.

Also, GameStop shares have surged 74%, but experts caution against expecting a repeat of the 2021 meme-stock frenzy. #featured #trending

Money

Why are airlines after the Biden Administration?

Published

4 days ago

May 14, 2024

Nathan Langridge

Major airlines are taking legal action against the Biden administration over a newly implemented rule requiring them to disclose fees upfront.

On this episode of Hot Shots – Major airlines are suing the Biden Administration, AI-piloted fighter jets, SpaceX faces funding challenges, and Apple receives crushing feedback.

Ticker’s Ahron Young & Veronica Dudo discuss. #featured #trending

Money

The mounting pressure on Government spends

Published

5 days ago

May 13, 2024

ticker NEWS

Questions abound regarding the factors fueling this inflation surge in Australia and whether it correlates with the escalating government expenditures.

Concerns extend to how Chalmers navigates the mounting pressure amid discrepancies in spending allocations.

Moreover, as Australians grapple with the reality of rising living costs, the feasibility of cutting spending becomes a pressing issue. Additionally, amidst economic uncertainties, individuals seek guidance on managing stock market risks effectively. #Featured #Trending