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Elon Musk WFP : Elon Musk willing to sell $6billion in Tesla stock if UN and World Food Programme shows how it will solve world hunger

Elon Musk WFP

Elon Musk offers $6billion if UN shows how it will solve world hunger

Elon Musk, the richest person in the world, has said he will sell six billion dollars (£4.4 billion) worth of Tesla stock and donate the proceeds to the United Nations’ food agency if it can show how the money would solve world hunger.

His statement came after UN World Food Programme (WFP) executive director David Beasley challenged Mr Musk, Amazon founder Jeff Bezos and other billionaires in a CNN interview last week, calling on them to step up on “a one-time basis” to help end starvation.

In the interview, Mr Beasley said billionaires could give “six billion dollars to help 42 million people that are literally going to die if we don’t reach them”.

That money would be approximately 2% of Mr Musk’s fortune, nearly 300 billion dollars (£220 billion), according to Forbes.

His wealth and the wealth of many American multi-billionaires has grown quickly during the Covid-19 pandemic, thanks to increased stock and home equity, even more than before the virus struck.

The SpaceX founder posted on Twitter: “If WFP can describe on this Twitter thread exactly how $6B will solve world hunger, I will sell Tesla stock right now and do it.”

“But it must be open source accounting, so the public sees precisely how the money is spent,” he added.

In 2020, the agency received 8.4 billion dollars (£6.1 billion) in donations, which it says was 5.3 billion dollars (£3.9 billion) short of its requirements.

Its top donors include the United States, Germany and the United Kingdom.

Mr Beasley responded to Mr Musk on Twitter, writing that six billion dollars will not solve world hunger, “but it WILL prevent geopolitical instability, mass migration and save 42 million people on the brink of starvation. An unprecedented crisis and a perfect storm due to Covid/conflict/climate crises”.

 

Elon Musk net worth :

Elon Musk, the co-founder Tesla and rocket company SpaceX, has added $122.3 billion to his fortune this year, pushing his net worth to $292 billion, according to the Bloomberg index.2 days ago

 

Elon Musk willing to sell $6billion in Tesla stock and donate it to solve world hunger

Elon Musk says he will sell Tesla stock immediately if the United Nations can prove that $6billion would solve world hunger.

The Tesla and SpaceX CEO made his remarks in an interview that UN World Food Programme (WFP) director David Beasley had with CNN, in which he challenged the ultra-wealthy to ‘step up now, on a one-time basis’ to help solve world hunger.

Beasley challenged Musk and Amazon founder Jeff Bezos specifically, saying during the interview last week: ‘$6billion to help 42million people that are literally going to die if we don’t reach them. It’s not complicated.’

That amount would equal roughly 2% of Musk’s net wealth.

 

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World Food Programme (WFP)

The World Food Programme (WFP) is the food-assistance branch of the United Nations.

It is the world’s largest humanitarian organization, the largest one focused on hunger and food security, and the largest provider of school meals. Founded in 1961, it is headquartered in Rome and has offices in 80 countries.

As of 2019, it served 97 million people in 88 countries, the largest since 2012, with two-thirds of its activities conducted in conflict zones.

What does the WFP do?

Assisting 80 million people in around 80 countries each year, the World Food Programme (WFP) is the leading humanitarian organization saving lives and changing lives, delivering food assistance in emergencies and working with communities to improve nutrition and build resilience.

How does the WFP get money?

Governments are the principal source of funding for WFP; the organization receives no dues or portions of the UN assessed contributions. On average, over 60 governments underwrite the humanitarian and development projects of WFP. All government support is on an entirely voluntary basis.

David Beasley

David Muldrow Beasley is an American politician and the Executive Director of the United Nations World Food Programme.

(born February 26, 1957)

A member of the Republican Party, Beasley also served one term as the 113th governor of South Carolina from 1995 until 1999.

Elon Musk says Tesla has not signed contract with Hertz yet

Tesla CEO Elon Musk said on Monday night that his electric vehicle company has yet to sign a contract with rental car company Hertz.

Tesla hit a $1 trillion market cap for the first time a week ago after Hertz announced it would grow its fleet of battery-electric vehicles with “an initial order of 100,000 Teslas by the end of 2022.”

Tesla CEO Elon Musk said on Monday night that his electric vehicle company has yet to sign a contract with rental car company Hertz. The tweet from Musk seemingly contradicted a prior announcement and advertisement released by Hertz on Oct. 25.