LOS ANGELES — Elon Musk was one of the founders of PayPal, which he later sold to eBay for $1.5 billion. He is now the CEO of Tesla Motors and the co-founder of SolarCity.
Along the way, he’s got a pretty interesting way of showing philanthropic spirit — donating hundreds of millions of dollars to both war and peace-building efforts around the world.
That brings us to the announcement Tuesday that Musk — along with the following other leaders — has pledged a total of $500 million in startup capital to the New Orleans Water Fund, to help fight world hunger, the Guardian reported.
The fund aims to improve water systems, sanitation and irrigation in 14 low-income communities, the newspaper said. The six-month campaign will help teach people to properly take care of water — a crucial factor in everything from finding food and curing diseases to making sure the proper buildings and plumbing are in place to dry water out for housing.
Anthony Wood, CEO of the World Wildlife Fund, said: “The financial support from this scale of philanthropists that will be provided to the New Orleans Water Fund is critical in supporting communities to improve water sustainability and dignity. This is a remarkable line-up of committed individuals.”