"Reports have emerged suggesting that Elon Musk might be rethinking his promise to give away most of his fortune. This was reportedly due to his longtime friend Peter Thiel, who told the world's richest man to withdraw from the Giving Pledge because his wealth could end up "in left-wing nonprofits chosen by Bill Gates." Thiel shared the story during a private lecture series in San Francisco in September. As noted in a Reuters report, Musk reportedly took Thiel's suggestion seriously."
"Thiel said he even ran the math to make his point. By checking actuarial tables, he calculated that if Musk died within a year, his pledge would effectively direct $1.4 billion to Bill Gates. Musk reportedly said, "What am I supposed to do, give it to my children? You know, it would be much worse to give it to Bill Gates." Musk signed on to the Giving Pledge in 2012, two years after it was co-founded by Gates and Warren Buffett, as noted in a Daily Beast report."
Elon Musk might be reconsidering his commitment to donate the majority of his wealth after Peter Thiel advised him to withdraw from the Giving Pledge, arguing donations could flow to Bill Gates–backed causes. Thiel calculated via actuarial tables that if Musk died within a year, about $1.4 billion could be directed to Bill Gates. Musk expressed reluctance to have substantial funds go to Gates rather than his children. Musk joined the Giving Pledge in 2012 and continues philanthropic activities through the Musk Foundation, which funds education, clean energy, and scientific research.
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