Elon Musk's $474 Million Philanthropy in 2024: Where His Billions Are Going

Nov 20, 2025 02:17 am CST

In 2024, Elon Musk's foundation distributed a record $474 million, with the majority directed to his own nonprofit organizations. Despite this substantial giving, these donations represent only a fraction of his $434.6 billion net worth. The foundation now controls $14.7 billion in assets, surpassing many established philanthropic institutions while operating with minimal staff and focusing primarily on STEM education and donor-advised funds.