Musk Accepts Challenge to Give Away $700 Billion Fortune as SpaceX Slide Cuts Wealth
Updated
Updated · BeInCrypto · Jul 28
Musk Accepts Challenge to Give Away $700 Billion Fortune as SpaceX Slide Cuts Wealth
2 articles · Updated · BeInCrypto · Jul 28
Summary
Elon Musk said he plans to donate nearly all his fortune, answering Daron Acemoglu’s public challenge to back his claim that AI and robots will make money less meaningful.
Acemoglu, the 2024 economics Nobel co-winner at MIT, urged Musk to give away his wealth by 2036 through an impartial process funding effective, non-ideological charities.
No timeline, dollar amount or charitable structure was provided, leaving the pledge’s scope uncertain even after Musk responded within hours on X.
Forbes estimated Musk’s wealth at $695.7 billion on July 27, after SpaceX shares fell 4.8% to about $109.50 and roughly 50% from their June 16 peak.
The challenge adds scrutiny to Musk’s AI forecasts as investors watch an August SpaceX lockup and whether further stock declines affect any formal donation plan.