Get App
Download App Scanner
Scan to Download
Advertisement
This Article is From Nov 01, 2021

Elon Musk Wants Proof $6 Billion Can Solve World Hunger

Elon Musk challenged a United Nations official’s claim that just a small percentage of his wealth could help solve world hunger.

Elon Musk, the world's richest man, challenged a United Nations official's claim that just a small percentage of his wealth could help solve world hunger.

Musk was responding to comments by David Beasley, director of the UN's World Food Programme, who repeated a call last week following an earlier tweet this month asking billionaires like Musk to “step up now, on a one-time basis.” 

Beasley specifically called for action from Musk and Amazon.com Inc. co-founder Jeff Bezos, the two men atop the Bloomberg Billionaires Index. 

Just $6 billion could keep 42 million people from dying, Beasley said.

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 wrote in a Twitter post. 

Musk is CEO of the electric-vehicle company, which last week joined the handful of companies valued at more than $1 trillion. 

The $6 billion amount would be just a small fraction of Musk's current net worth of $311 billion -- and less than the $9.3 billion his wealth increased on Oct. 29 alone, according to Bloomberg's wealth index. 

Tesla forms the vast majority of Musk's net worth. He's very rarely sold stock in the electric-vehicle maker, whose shares reached a record $1,114 on Friday.

His fortune has also surged thanks to his stake in SpaceX, a private space-exploration company that was valued at about $100 billion last month. 

Musk, frequently outspoken on social media, has also been critical of attempts to tax U.S. billionaires.

He said on Twitter that a levy on billionaire wealth would only make a “small dent” toward paying off the national debt, arguing that the focus should be on government spending. Musk also said a billionaire tax would just be the start of taxing the merely wealthy.

©2021 Bloomberg L.P.

Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.

Newsletters

Update Email
to get newsletters straight to your inbox
⚠️ Add your Email ID to receive Newsletters
Note: You will be signed up automatically after adding email

News for You

Set as Trusted Source
on Google Search
Add NDTV Profit As Google Preferred Source
Listen to the latest songs, only on JioSaavn.com