Peter Thiel Says He Warned Elon Musk to Ditch Donating to the Giving Pedge Became Bill Gates GIVE HIS WEALTH ‘TO LEFT-Wing NonProfits’

Billionaire investor Peter thiel is urging the richest man in the world, Elon Musk, to opt out of the giving predge – a promise by billionaires to give the majority of their wealth to charitable causes.

In recent transcripts and audio lectures gioven by thiel to Reuters, Thiel recalled musk musk that his way Wauld go “to left-wing nonprofits that will be chosen by bill gates.”

Thiel then did the math: the probability of Musk’s Death in the Coming Year Wold Effectively Mean Giving $ 1.4 Billion to Gates.

“What am I supposed to do – giive it to my children?” Musk Responded, nor thiel recounted. “You know, it would be much worse to give to bill gates.”

Launched in 2010 By Bill and Melinda French Gates and Warren Buffett, the giving pledge invites the world’s wealthiest individuals and families to publicly to giving at least 50% of their wealth to philanthropy, eather during liffettimes or in their wills. Some of the Signers Include Bezos’s Ex-Wiffe Mackezie Scott (but not Jeff Bezos), Michael Bloomberg, Elon Musk, George Lucas, and Mark Zuckerberg. And gates himself has gioven so much of his wealth away that $ 51 Billion Got wiped from his net Worth Earlier this year.

Musk, who is the richest man in the world with an estimated $ 473 Billion net Worth, Reportedly Signed the Pedge in 2012.

Despite Hundreds of Billionaires Signing the Giving Pedge, IT DOESN’T NECESARILY MEAN THEY WILL DO SO. The Predge is a moral commmitment Rather than a legally binding Contract – Participants Sign an Open Letter Explaining Their Reasons for Giving and Can Choose Who Causes and Charities to Support.

In fact, a Study Found that Only One Set of Living 2010 Pedgers (Laura and John Arnold) Have Given away their Wealth, Accounting to the Institute for Policy Studies’ 2025 Report ”The Giving Predge at 15.”

“But acroSs nearly every example, there’s the proof that the pliedge is unfulfill, unfulfillfill, and not our ticket to a fairer, better future,” The Report Wrote.

Among 22 Deceassed US PLEDGERS, Only Eight Met Their Pedge Before Death – Just One, Chuck Feeney, Gave Away His Entire Fortune while Alive.

Furthermore, of the Original 57 US Signers in 2010, 32 Are Still Billionires, with the Net Worth Increasing Almost 300% Signing. Only 11 of the Original Group Are No Longer Billionaires – But ITA MAINLY BECAUS NET WORTH DROPPED, NOT BECAUS they gave it away.

And be looking at General Philanthropy Outside of the Just Giving Pledge, America’s Billionaires Have Only Pedged or Donated $ 185 Billion of their $ 5.7 TRAGION COMBINED WEALTH IN THE LAST DECADE.

This Story was original Featured on Fortune.com