WSJ: Elon Musk Considered Trusting Former Gambler with Charity Distribution

WSJ: Elon Musk Considered Trusting Former Gambler with Charity Distribution

WSJ: Elon Musk Considered Trusting Former Gambler with Charity Distribution

In Summary:

Elon Musk reportedly sought active advice from a professional poker playerHe was preparing to appoint Igor Kurganov as head of charitable efforts Internal opposition may have dissuaded Musk from trusting Kurganov too much

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The maverick investor and hot Twitter mouth Elon Musk was planning to entrust the charitable distribution of his fortune to Igor Kurganov, a thirty-something professional gambler, who has won $18,715,562 playing live poker.

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In an article published by the Wall Street Journal on Saturday, the media argued that Kurganov would have been in charge of the billionaire’s charitable efforts. Kurganov has described himself as a college dropout with a pot-smoking habit.

Musk sought out Kurganov’s advice on a regular basis in the fourth quarter of 2021, but the two didn’t know themselves during Kurganov’s formative years as a professional gambler. Musk did not act rashly, though, as the pair had been communicating for a while, leading to Musk promising a job at his foundation and considering allocating $5 billion for Kurganov to distribute to charitable organizations and campaigns.

Musk is keen on introducing a new form of charity which he describes as “effective altruism.” According to this approach, subjective qualities and relative charitable needs can both be qualified, but the method has been met with criticism.

Musk’s potential pick for the charitable foundation was contested internally though. Jared Birchall, a 48-year-old pious Mormon who is in charge of Neuralink, reportedly opposed Musk’s intention to let Kurganov be in charge of the $230 billion war chest and manage the charitable efforts.

Kurganov himself though was never in control of Musk’s entire fortune, the media argued. Kurganov was also once allegedly investigated by the FBI, the Wall Street Journal said. As to Musk, he had a change of hurt and stopped seeking out Kurganov’s advice. Whether this was done because of internal pressure or a realization that the man may not be the best for the job remains unknown.