Tesla CEO Elon Musk donated last fall in addition to his broad-based stock sales and securities of the electric car manufacturer worth billions. The five million shares were worth almost six billion dollars at the time of the donation in November. Monday’s notice to the U.S. Federal Reserve (SEC) contained no indication of who received the papers. The donation could also help to squeeze Musk’s billion-dollar tax burden after the stock swaps.
Musk had to settle stock options about a decade earlier before they expired. This in turn led to a tax bill – and in order to settle this, the Tesla boss had to sell shares. Musk went further and had Twitter users commit in a vote to kill a tenth of his Tesla share. In December, he snared that he would pay around eleven billion dollars in taxes for the past year.
The rise in Tesla shares in recent years has made Musk by far the richest person in the world. The financial service Bloomberg currently rates Musk’s Vermgen in its billion-dollar ranking at 227 billion dollars (200 billion euros). He is thus far ahead of Amazon grnder Jeff Bezos with 180 billion dollars. (dpa/swi)
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