Tesla CEO Elon Musk has donated approximately $5.7 billion worth of Tesla’s shares to charity. The donation of 5,044,000 shares was revealed on Monday, February 14, in a filing to the US Securities and Exchange Commission. According to the filing, the shares were gifted last year between November 19 and November 29, which did not name the recipient or recipients of the shares.
The company’s stock was trading above $1,000 per share at the time of the donations. The donated shares were worth $5.7 billion based on the average of the highest and lowest quoted price on the transaction date.
The charitable giving would make Musk the second-biggest US donor in 2021. Tesla’s CEO currently only trails behind Bill Gates and Melinda French Gates, who gave $15 billion last year in an annual ranking by the Chronicle of Philanthropy. Previous securities filings have shown that Musk sold Tesla shares worth over $16 billion in the final two months of 2021.