wealth distribution
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.
G20 Taskforce Proposes Global Inequality Panel to Address Wealth Disparity Emergency
Nov 04, 2025 07:23 am CST
A G20 taskforce led by Nobel economist Joseph Stiglitz has called for an international panel to address the "inequality emergency," revealing the richest 1% captured 41% of new wealth since 2000 while the poorest 50% gained just 1%. The proposed body would monitor inequality's causes and impacts, similar to the IPCC for climate change, as extreme wealth disparities threaten economic stability and democratic systems worldwide.