Musk said that the companies he founded or runs are philanthropy because they want to better the future for humanity.
Chris Anderson, head of conference organizers TED, interviewed Musk in a video on Monday.
If you care about the reality of goodness instead of the perception of it, philanthropy is difficult, said Musk when asked by Anderson what he thinks of billionaire philanthropy.
SpaceX, Neuralink, and The Boring Company are philanthropists. If you say philanthropy is love of humanity, they are philanthropy.
The Greek-derived phrase means love of humanity, which is not associated with generous donations by the wealthy.
Musk said that his space exploration firm seeks to ensure the long-term survival of humanity with a multiple-planet species.
Neuralink is trying to help solve brain injuries and existential risk with artificial intelligence, and the Boring Company is trying to solve traffic.
Musk has a different take on philanthropy. An act or gift done or made for humanitarian purposes is defined by the online dictionary as philanthropy.
The latter is oriented to charities and non-profits.
Musk has become the richest person in the world with an estimated fortune of $251 billion because of his for-profit businesses.
Musk has said before that direct giving is a waste of time.
It is hard to give away money effectively if you care about the reality of doing good and not the perception of doing good, according to an interview with the CEO of Axel Springer. I care about reality. It's perception that's being damned.
In 2021, Musk challenged the director of the UN's World Food Programme that a $6 billion donation by the world's billionaires could alleviate global hunger. Musk said if the UN could prove its math, he would sell his stock in the company.
Musk donated more than 5 millionTesla shares to charity in November according to a filing with the US Securities and Exchange Commission. The trust was involved in the transactions, but the filing didn't say which one.
All Rights Reserved © 2024
