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I am donating $ 100 million towards an award for the best carbon capture technology
– Elon Musk (@elonmusk) January 21, 2021
The Tesla Inc. founder’s net worth has risen in recent years, making him richer than Jeff Bezos as the auto company made steady profits, attracted crowds of small investors, and was listed in the S&P 500 index. .
According to the Bloomberg Billionaires Index, a South African-born entrepreneur is currently worth $ 201.4 billion.
One of your first reactions to becoming the richest person (after the initial shrug) is to ask for advice on how to distribute those wealth.
E. Muskas, 49, is a novice in philanthropy compared to those who just surpassed Bloomberg in the ranking of the 500 richest people in the world.
Although E. Muskas has signed the Giving Pledge, so far he has done relatively little in the field of charity. Based on Quartz’s analysis, he donated more than $ 257 million (equivalent to approximately 0.1 percent of his current net worth) to the Musk Foundation, which in turn ran for 2016-2018. distributed $ 65 million to approximately two hundred nonprofit organizations.
Heading to social media and asking for philanthropic advice, E. Muskas follows in J. Bezos’ footsteps: He asked who needed more charity.
E. Musko’s focus on carbon sequestration is in line with his other business interests, which are primarily focused on technological solutions to pressing environmental problems.
Carbon capture and storage involves a variety of technologies, all of which have one goal: to capture carbon dioxide, a greenhouse gas, and stop its release into the atmosphere. Technologically, pollutants can be collected from power plants, factories, or even directly from the air.
There are currently about two dozen large-scale plants in the world that can capture around 40 million tons of CO2 each year (about 0.1% of total annual global emissions).
E. Muskas has declared that he accumulates wealth to distribute it or at least direct it to his passion project: space exploration. “Building a city on Mars will require a lot of resources,” Axel Springer told German editor. “I want to contribute as much as possible.”
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