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International Business Times UK

Andrea Trinidad

Elon Musk Says Charity Is 'Very Hard' After Securing Record $1 Trillion Tesla Pay Package

Elon Musk Tesla Inc. Nikhil Kamath Philanthropy

Elon Musk speaks to Nikhil Kamath about philanthropy on the WTF Podcast (Credit: Nikhil Kamath YouTube Channel)

Elon Musk has admitted that giving away money is 'very hard', even as the world's richest man stands to receive an executive payday of up to £790 billion ($1 trillion) under a controversial new Tesla compensation scheme.

Speaking on the WTF Podcast hosted by Indian entrepreneur Nikhil Kamath, the Tesla and SpaceX chief described philanthropy as far more complicated than simply signing cheques, explaining that ensuring donations genuinely improve people's lives is the real challenge.

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