Turns out elonmusk will only contribute his ridiculously enormous wealth for things like schools and hospitals if a Twitter poll tells him to 🤷♂️
That means Musk owns just over $250 billion of Tesla stock and 10% of that would be about $25 billion.
A $25 billion sale, which Musk would have to do over time to avoid crashing the stock, would be globally significantThe US government does not treat gains made on stocks as taxable income until the stock is sold. Analysts say he may have to offload a significant number of shares anyway to pay taxes since a large number of his options will expire next year.
Musk selling Tesla stock would provide billions in tax for the US government. The Tesla and SpaceX founder’s fortune is worth approximately $300 billion, making him thein history with a net worth greater than the annual GDP of nations like Finland, Chile, and Vietnam. 42.1% of respondents felt that Musk’s wealth was better off in his own hands. The South Africa-born billionaire is known to lead a relatively austere lifestyle, choosing to invest his money in future innovations rather than making extravagant purchases of houses, cars or yachts.
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