The Strategist

Elon Musk donates $474 million to charity in 2024



11/20/2025 - 02:32



American billionaire and Tesla founder Elon Musk contributed $474 million to charitable causes in 2024, according to Bloomberg, which referenced tax records.



Daniel Oberhaus
Daniel Oberhaus
A large part of this donation was directed to nonprofit organizations that Musk established himself. About $370 million was given to the Foundation, which aims to create a school emphasizing science, technology, engineering, and mathematics (STEM) fields.

Musk also donated $2.1 million to a project aimed at interpreting the scrolls discovered at the Herculaneum excavation site. Additionally, he provided support to the Holocaust Museum in Los Angeles and the European Jewish Association.

Between 2021 and 2024, Musk donated a total of approximately $1 billion to various charitable initiatives. During this time, his net worth grew by hundreds of billions of dollars, and it is currently estimated to be around $434.6 billion.

source: bloomberg.com

 




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