Tesla, SpaceX… Elon Musk considers that he does philanthropy

With a fortune estimated at 279 billion euros at the end of 2021, despite his losses, Elon Musk was still the richest man in the world. But wouldn’t the CEO of Tesla and SpaceX ultimately be a simple philanthropist? In any case, this is what he implied in an interview with Chris Anderson, administrator of the famous TED conference (Technology, Entertainment and Design converged), Monday April 18, when he was asked about what he thought of philanthropic billionaires. As reported indy100Elon Musk has simply declared that the companies he founded or that he leads are forms of “philanthropy” because they participate in improving humanity.

“If you are interested in the reality of good, rather than its perception, philanthropy is extremely difficult,” replied the CEO of Tesla. Before adding: “Whether you take SpaceX, Tesla, Neuralink or The Boring Company, all of them do philanthropy. If you say that philanthropy is the love of humanity, it is philanthropy. Tesla engages in renewable energies. It’s a love of philanthropy,” he pleaded. According to the billionaire, SpaceX is a “quest to ensure the survival of humanity with multi-planetary species”.

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Donations of several billion?

At the same time, Neuralink would also play a role in favor of humanity, by “trying to help solve brain damage and existential risk through artificial intelligence”. Finally, The Boring Company would help with traffic issues. Even if, as Elon Musk says, his companies offer services and goods useful to the population, experts agree on the fact that they are for-profit companies and that he enriches himself thanks to them, the opposite , in short, philanthropy.

A few months ago, Elon Musk challenged the head of the United Nations World Food Program, David Beasley, after he claimed that a donation of six billion dollars would help reduce hunger in the world. He then said he was ready to sell Tesla shares if he was told how such a donation would be sufficient. In February, as Capital reported, it was revealed that Elon Musk had donated billions of dollars worth of Tesla stock to charity. It was about $5.7 billion.

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