Elon Musk Donates $5 Million To Students Access To Education | 22 Words

Elon Musk recently took to Twitter to seek suggestions on how he could donate some of his wealth and, now, despite losing his title as the world's richest man, it seems he has made his first donation.

Keep scrolling for the full details...

Now, we all know that Musk is a very wealthy man.

Being the founder, CEO, and Chief Engineering Designer of not only Tesla but SpaceX too, he has an awful lot going for him.

Tesla is known for its state of the art engineering...

With the company pioneering the future of electric car travel with Musk as its CEO.

And his other venture, Space X, is paving the way for the future of space travel.

Space X became the first private company to successfully launch, orbit, and recover a spacecraft, as well as the first to send a spacecraft to the International Space Station (ISS).

So, of course, all of this has earned Musk a handsome sum over the last few years...

With the CEO holding a net worth of $165.4 billion as of last year, according to Forbes.

Quite the achievement, I know.

Musk passed Facebook founder and CEO, Mark Zuckerberg, in the world's richest list after Tesla was selected to join the S&P 500, a stock market index that measures the performance of 500 large companies listed on the U.S stock exchange, at the end of last year.

This means that Musk was then left with only 2 men to compete with financially...

Bill Gates and Jeff Bezos.

But it was quickly realized that he didn't need a lot to surpass Microsoft's co-founder for second place.

The statistics showed that Musk only needed another $8 billion to knock Gates out of 2nd place.

Well, $8 billion isn't unachievable when you're already a billionaire...

And, not even one week after Tesla's induction to the prestigious S&P 500, Musk's net worth soared to $127.9 billion, while Gates' lagged behind.

Last year alone, his fortune grew by $100.3 billion.

Experts say it was a result of Tesla's share price rising, which he owns a twenty percent stake of.

However, there was one man who even Musk couldn't beat...

Amazon's CEO, Jeff Bezos.

Until this year that is...

Earlier this month, Tesla's stock price saw a jump of 4.9 percent - an increase that came just days after finishing the first trading session of the year where they saw an increase of 3.4 percent.

Musks net worth subsequently soared to a staggering $188 billion, as Bloomberg's Billionaires Index.

And with Jeff Bezos net worth standing at $187 billion, Elon Musk was ultimately placed as the worlds richest man.

And as for Musk's response?

Well, he simply tweeted, "how strange."

He then followed up with:

"Well, back to work..."

But, after allowing the information to sink in...

The eccentric entrepreneur took to Twitter once more to seek a little bit of financial advice.

He tweeted this:

"Btw, critical feedback is always super appreciated, as well as ways to donate money that really make a difference (way harder than it seems)."

Yep, in perhaps the most Elon Musk move ever, he asked the Twitter community to suggest ways in which he can donate his wealth...

And, of course, they responded with gusto.

For example...

The dog rating page, We Rate Dogs, was quick to respond by stressing that a number of animal shelters could do with the donations. "Sir I have a long list of rescue organizations and underfunded shelters if you’re interested."

There were numerous calls for him to donate to the Barstool Fund...

A small COVID-19 relief fund founded by Barstool Sports.

Open Bionics, a prosthetics company that creates affordable bionic limbs, also chimed in with a suggestion...

Writing: "There are so many children and adults in the USA without insurance but still need bionic arms. Help us give them Hero Arms."

Other people urged the billionaire to invest money into poverty-stricken areas of Africa...

Such as Northern Tanzania, where people are working hard at supplying the villages with solar panels and a stable internet connection.

Though, of course, some suggestions were a little more far-fetched than others.

You can't blame a guy for trying, can you?

Unfortunately for Musk, his title didn't last long.

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Just 4 days after becoming the world's richest man, he reportedly dropped back into second following a fall in Telsa shares by 8 percent.

But that hasn't stopped him from sticking to his word.

Getty Images

Reports are coming in today that suggest Musk has donated $5 million to help students all across the world access free and easily accessible education.

Musk donated the eye-watering amount to the Khan Academy, a US-based non-profit organization.

Founded in 2008, the Khan Academy aims "to provide a free, world-class education for anyone, anywhere."

The academy uses YouTube content, mobile apps, and website features such as practice exercises and teaching tools to help students study both inside and outside the classroom.

And, not only do they teach core subjects such as English and maths, the academy also offers teaching in the likes of economics and computing.

Founder of Khan Academy, Salman Khan, took to social media to thank Musk.

Youtube

In the video on Youtube, Khan said:

"Elon, I hope you really feel good about this. This is going to allow us to accelerate all sorts of content. Our aspirations are all subjects from K through the early stages of college.

This will accelerate our science content, allow us to do more on early learning, allow us to make the software and practice that much more engaging for millions of students around the world, for teachers around the world.

You can watch the full video here:

For more on these insanely wealthy people, keep on scrolling...