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Elon Musk's charitable foundation ballooned to $9.5 billion in assets last year while handing out $237 million in gifts, most of which went to other entities controlled by him. The figures are part of the Musk Foundation’s latest tax filing, obtained Thursday by Bloomberg News

bloomberg.comMusk’s Charitable Foundation Sent Most of Its Millions to His Own EntitiesElon Musk’s charitable foundation ballooned to $9.5 billion in assets last year while handing out $237 million in gifts, most of which went to other entities controlled by the world’s richest person.

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But are we going to tax him? Or is he looping the loopholes that only people with loophole levels of money can loophole? Asking for all Americans who didn’t vote for this formerly illegal immigrant to be in charge of defunding social security and VA healthcare.

Yeah rich people always put their money in charities they own and control as a means to slush fund and pay even less taxes while screaming BUT I GAVE MY FORTUNE TO CHARITY. For them its a fancy word for bank account

I think it's time we stop talking about Trump/Elon, this is a tactic to keep us all busy reacting. This is about Russia and what they are doing. We need to all be talking about Russia & National Security threats if we are going to save our Country.

Scum bag. His aim is simple - control! Wake the fuck up America! He wants to control the entire information space and architecture. X is the medium for former and starting the latter. Once he has both he controls everything that enters your minds. Fight back.

You meant: “Money laundering involves disguising financial assets so they can be used without detection of the illegal activity that produced them. Through money laundering, the criminal transforms the monetary proceeds derived from criminal activity into funds with an apparently legal source.”

What? You want the biggest car company and the greatest rocket company to be in South Africa? Oh wait he wouldn’t be able to build any of the companies if it wasn’t for America.

Disgustingly unacceptable to make so much money and not give back to those who would benefit most from it! The greedy will never be happy! Elonia is a cancerous narcissist who will never be satisfied. Imagine the good he could do for humanity if he wasn’t insane! Karma do your thing!

If Musk had a heart attack, the only people crying would be anyone who was previously financially profitting from his pathetic existence. I really don't think a single person loves the richest sociopath in the world. Maybe his kid shield does, because he doesn't realise, but other than that...

Also Bloomberg I usually love your journalism but wtf not talking to one tax lawyer not one expert on how these things and if they are unusual or not? Where is the critical thinking? he has “missed the bar five times” but no mention of an investigation or possible repercussions? Don’t pre obey !

Of course he did. It’s money laundering. Drumpf does the same thing. They’re all fake charities, just like them. When you eventually pull the covers off you’ll find out they’re not true billionaires. It’s all fake $, statements, and bs.

On the contrary. I'd say the fact he's getting away with it, and the "charity" has grown by so much, all means he's in fact very good at money laundering. But then the cunt being good at crime doesn't surprise me in the slightest.

What a disgusting fucking retard for the worst and weakest of my countrymen to idolize. I hope he cuts social security and military, but he will cut million dollar nothing projects and jerk himself off like he saved America. Rome fell slowly over years. It didn't burn in a day. Welcome to America.

These maneuvers are all legal. He is certainly scum but it’s the law, especially law regarding charities/non profits., that need to change. Too many are profiting from non profits/charities.