Is Elon Musk astir to springiness america his champion belief of Warren Buffett?
The Tesla and SpaceX CEO has teased that he whitethorn promise immoderate of his luck to bully causes, to show he genuinely believes that exertion will create specified abundance that money will go irrelevant.
Musk raised the imaginable aft Nobel economist Daron Acemoglu, responding to Musk's prediction of a post-wealth world successful a caller interview, projected an "opportunity to put your money wherever your rima is."
"If money won't matter successful 2036, why don't you promise to donate your existent wealthiness of astir $1 trillion to kindness nary later than 2036," the seasoned MIT professor wrote.
Acemoglu said that doing truthful would "establish pinch awesome credibility" Musk's belief successful the "powers of AI and technology," and besides relieve wide interest astir the "political and societal influence of billionaires and trillionaires."
The station sparked heated statement connected X, starring Musk to measurement successful a fewer hours later. "I americium really going to do thing on these lines!" he wrote.
I americium really going to do thing on these lines!
— Elon Musk (@elonmusk) July 27, 2026Musk hasn't elaborated connected what he's planning. Tesla, SpaceX, and X didn't instantly respond to requests for remark from Business Insider.
Pulling from the Buffett playbook
If Musk pledges to springiness a chunk of his wealthiness to kindness wrong the adjacent decade aliases so, he'll beryllium giving Buffett a tally for his money.
Buffett famously co-launched the Giving Pledge successful 2010, encouraging different ultra-wealthy group to motion it pinch him and perpetrate to giving the mostly of their wealth to bully causes.
The legendary investor and Berkshire Hathaway CEO has gifted astir 60% of his Berkshire shares — which dress up complete 99% of his nett worthy — to the Gates Foundation and 4 family foundations complete the past 16 years.
Buffett announced earlier this period that he plans to donate the rest of his Berkshire shares — worthy astir $140 cardinal coming — to his family foundations wrong the adjacent 8 years aliases so, and hopes his 3 children will administer each of them to bully causes by the extremity of 2034.
Musk's nett worthy stood astatine $709 cardinal astatine Monday's close, per the Bloomberg Billionaires Index. It concisely crossed $1 trillion past period aft SpaceX went public, but the aerospace company's banal has roughly halved successful price from its peak.
If Musk pledges to springiness moreover $100 cardinal to bully causes, and follows done connected that commitment, he would subordinate the likes of Buffett and Bill Gates successful the ranks of history's top philanthropists.
Banking connected a early of abundance
Musk has said many times successful caller months that advances successful AI, energy, and robotics will drive down the costs of everything from nutrient and lodging to healthcare and education.
He's said that "saving for status will beryllium irrelevant" if he's right, and recommended group extremity "squirreling money away" if they're retiring successful 10 aliases 20 years arsenic their nest eggs "won't matter."
The serial entrepreneur has besides said that government checks will beryllium the "best way" to woody pinch occupation losses from AI, arsenic technological advancement will make producing equipment and services truthful inexpensive that paying a "universal precocious income" won't origin inflation.
Business Insider has reviewed hundreds of responses to Musk's comments connected X and Facebook, and connected individual finance, AI, and Musk-focused subreddits, and has recovered wide disbelief successful his imagination of a world wherever money has nary value.
Pledging to springiness distant a immense sum could beryllium Musk's measurement of showing he's serious, and possibly convincing others that he's right.
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Theron Mohamed is simply a London-based analogous connected the Trending squad astatine Business Insider. His sum spans finance, investing, wealth, markets, and the economy.Theron joined BI successful 2019 arsenic a newsman astatine Markets Insider and roseate to the rank of analogous earlier moving to the Trending squad successful 2024. He previously covered tech, media, and telecom stocks for Investors Chronicle mag and had a little stint connected the Financial Times' Data team. He interned astatine the Wall Street Journal successful New York wherever he chiefly wrote for Heard connected the Street.Theron has freelanced for The Independent, The Telegraph, WIRED, and respective smaller publications. He holds an undergraduate grade successful surface science from the London School of Economics, and a master's grade successful publicity from Columbia University.Theron often covers Warren Buffett, Michael Burry, Jeremy Grantham and different top-flight investors. He besides writes astir the world's wealthiest group and shares financial proposal from each mode of rich | and successful people.Email Theron astatine [email protected] and travel him connected X @theron_mohamed.Expertise
- Corporate finance
- Stocks and investing
- Wealth and philanthropy
- Business history
- US economy
- Warren Buffett and Berkshire Hathaway
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