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isn't Bill Gates, Zuck, Bezos are all doing similar things. If I had that money, I will certainly donate to my own charity or some charity I firmly trust. Th
by synergy20 4y ago
isn't Bill Gates, Zuck, Bezos are all doing similar things.
If I had that money, I will certainly donate to my own charity or some charity I firmly trust.
The only exception is Buffet, who donated lots of his money to Bill Gates' charity, Buffet seems has no interests to manage that on his own.
It's your money, make your call.
- tootie 4y agoIt's a perfectly valid thing to do and can be done for the right reasons, but for a counterpoint you can look at the Trump Foundation. Trump and his family gave money to the foundation and the foundation bought things from Trump (ie hosting events at Trump properties). There's loads of small foundations like this that exist for self-dealing, nepotism and tax evasion. That's also not really unique to self-funded foundations. Something like the Gates Foundation is a huge operation that is doing a lot of big, expensive and highly visible projects. What Musk is doing with his foundation is less clear. Could be real charity, could be fraud.
- synergy20 4y agoAgreed, my point is there is nothing unusual, it's a common practice everywhere, so I don't get why Bloomberg needs a big report, not sure if it did for all other big guys in the past, otherwise it seems it has an interest to target Elon. As far as fraud goes, I hope the system will work out when bad things went too far there. We're all innocent with good intention until proven otherwise, Elon should be treated the same, like him or not.
- tootie 4y agoIt was $5.7B. That's an enormous gift and one that was not disclosed at the time it happened last year. The Musk Foundation now has an enormous endowment and a hazy mission.