Reportedly Elon Musk donated $2.2 billion worth of tesla stock to The Foundation. Elon Musk, the world's richest man, plans to build a university in Texas, according to a forbes report. It is also said that he has donated 100 million dollars to charity. It is also said that the university will focus on the fields of science, technology, engineering and mathematics. In the first phase, the university plans to enroll about 50 students, according to a Bloomberg report.
Accredited by the georgia Commission on Colleges and Schools, the university is being built by a charity called 'The Foundation'. A tax exemption is also being sought for this, according to the forbes report. Elon Musk Plans To Launch His Own university, Pledges $100 Million. It is said that the university is hiring experienced teachers and setting up high-quality laboratories. For this, last year Elon Musk donated $2.2 billion worth of tesla shares to 'The Foundation'.
The information also states that the trustees, officers, employees or their family members of the trust will not be offered a place in the university. According to forbes, the net worth of Elon Musk, the owner of several companies such as tesla, Space X, and Twitter, is $243.5 billion. Elon Musk has started a school before. In 2014, he started Ad Astra, a small private school for his five children and SpaceX employees.
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