Elon Musk Will Sell $6 Billion Worth of Tesla Stock to Solve World Hunger if UN Can Explain How It’ll Spend It

Mandatory Credit: Photo by Action Press/Shutterstock (12276248n)Armin Laschet (l), CDU Federal Chairman and Prime Minister of North Rhine-Westphalia and Elon Musk, Tesla head, speak to journalists before the later main entrance to Tesla Gigafactory.
Action Press/Shutterstock / Action Press/Shutterstock

Elon Musk, the richest man on the planet, said he would sell $6 billion worth of Tesla stock to solve world hunger — if the United Nations World Food Program can explain how it would spend it.

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David Beasley, executive director of the WFP, said in an interview with CNN last week that billionaires need to “step up now, on a one-time basis.” Beasley specifically cited the world’s two richest people, Jeff Bezos and Elon Musk, saying, “$6 billion to help 42 million people that are literally going to die if we don’t reach them. It’s not complicated.”

Beasley had already called out Musk earlier last month on Twitter, saying:  

“Congratulations to @elonmusk for passing up @JeffBezos as the world’s richest person — worth a whopping $221B! Elon, to celebrate I’m offering you a once in a lifetime opportunity: help us save 42M people from starvation for just $6.6B!! Offer expires SOON.. and lives do too.”

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On Oct. 30, Dr. Eli David, co-founder of Deep Instinct and DeepCube, retweeted a CNN headline meme referencing Beasley’s comments. Musk replied:

“If WFP can describe on this Twitter thread exactly how $6B will solve world hunger, I will sell Tesla stock right now and do it. But it must be open source accounting, so the public sees precisely how the money is spent.”

Replying in the same thread, Beasley tweeted, “We’ve never said $6B would solve world hunger. This is a one-time donation to save 42 million lives during this unprecedented hunger crisis.”

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Musk’s net worth stands at $311 billion, up from $292 billion last week, according to Bloomberg Billionaires Index. Last week, his net worth also jumped $25 billion following the announcement that Hertz had purchased 100,000 Teslas. Tesla’s stock soared, which made the company hit the $1 trillion market cap. Now, some experts see the electric vehicle company’s valuation continuing to balloon and the stock continuing to rise.

In a report released last week, the WFP said that the combined shocks of drought, conflict, COVID-19 and economic crisis have left more than half the population of Afghanistan facing a record level of acute hunger.

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“Hunger is rising and children are dying,” Beasley said in the report. “We can’t feed people on promises — funding commitments must turn into hard cash, and the international community must come together to address this crisis, which is fast spinning out of control”.

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About the Author

Yaël Bizouati-Kennedy is a former full-time financial journalist and has written for several publications, including Dow Jones, The Financial Times Group, Bloomberg and Business Insider. She also worked as a vice president/senior content writer for major NYC-based financial companies, including New York Life and MSCI. Yaël is now freelancing and most recently, she co-authored  the book “Blockchain for Medical Research: Accelerating Trust in Healthcare,” with Dr. Sean Manion. (CRC Press, April 2020) She holds two master’s degrees, including one in Journalism from New York University and one in Russian Studies from Université Toulouse-Jean Jaurès, France.

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