The story begins with a tweet from David Bijli, head of the World Food Program (WFP). On October 19, he tweeted congratulations to Tesla's Elon Musk for being the richest man in the world, surpassing Amazon's Jeff Bezos.
Bijli made an offer to Elon Musk to celebrate such a success. He said that by donating only 7.6 billion dollars, he could save about 42 million people from starvation in the world. At the time, Musk's net worth was 221 billion.
Then on ... moreBehind Elon Musk's offer to sell shares
The story begins with a tweet from David Bijli, head of the World Food Program (WFP). On October 19, he tweeted congratulations to Tesla's Elon Musk for being the richest man in the world, surpassing Amazon's Jeff Bezos.
Bijli made an offer to Elon Musk to celebrate such a success. He said that by donating only 7.6 billion dollars, he could save about 42 million people from starvation in the world. At the time, Musk's net worth was 221 billion.
Then on October 26, Bijli made another tweet. In one day, Mask earned 36 billion. He said one-sixth of this income could save the lives of 42 million people.
Then Musk's conversation with Bijli started on Twitter. Mask wants to know how that money will satisfy the hunger of the people of the world. In the November 4 reply, electricity calculations show that the current WFP system can be used to feed 42 million people a year at a cost of 7.8 billion.
Then on November 8, Elon Musk started a survey on Twitter. He offered to sell 10 percent of his Tesla shares. Musk wants to know if his 72 million followers on Twitter support the issue. Below that tweet, he wrote that he would accept the results of the survey. So far, more than 3.5 million people have taken part in the survey. About 56 percent have ruled in favor of selling the shares.
Elon Musk owns 20 percent of Tesla. Its market value is about 200 billion. As a result, if Musk sells 10 percent of its total shares, it will be worth about 20 billion.
It is unknown at this time what he will do after leaving the post. Because in the status of the survey, he mentioned an issue related to tax evasion. A proposal to tax the income of billionaires is being discussed in the United States recently. It's called the Billionaire's Income Tax.
It plans to impose a tax on the "unrealized gains" of about 700 billionaires, including Elon Musk. An unrealized gain is when an investor buys a stock and then pays the price of the stock before the sale.
According to a recent Bloomberg calculation, Elon Musk will be one of the billionaire potential taxpayers if the proposal passes. Because about two-thirds of its assets come from Tesla shares. That's why Musk tweeted on October 27 criticizing the proposed law.
Investors are waiting to see what Musk does now after learning the results of a Twitter survey. However, the stock market has already reacted to the results of the survey on Monday. Tesla's share price fell 4.6 percent that day. As a result, the market value of the company has decreased by about 60 billion dollars.
