A small group of the super-rich can help solve world hunger at a fraction of their net worth, says the director of the United Nations World Food Program (WFP).
Specifically, CEO David Beasley said in an interview that billionaires "need to act now, even if just for once". But it is worth noting that he specifically cites the two richest men in the world, Jeff Bezos and Elon Musk.
“Six billion dollars will narrow 42 million people out of death if we can reach them. This problem is not inherently complicated.”
Tesla (NASDAQ:TSLA) CEO Elon Musk has a net worth of nearly $289 billion, which means Beasley is asking Musk to donate just 2% of his fortune. The net worth of US billionaires has nearly doubled since the pandemic began, reaching $5.04 trillion in October.
According to a WFP report released on November 1, half of Afghanistan's population, about 22.8 million people, is facing an acute hunger crisis. The report concludes that rising unemployment and a liquidity crunch mean the country is on the brink of a humanitarian crisis and 3.2 million children under the age of five are at risk.
Faced with the statements of David Beasley, the richest man on the planet directly spoke out about his own personal donation support with certain conditions.
“If WFP could accurately describe how $6 billion would solve world hunger, I would sell Tesla stock right now and do it. But with the condition that the accounting records are based on open source code, so that the community can clearly see how this charity is spent."
The community seems to agree with Elon Musk's views. Most argue that the United Nations raises billions of dollars on behalf of the poorest countries and spends most of it on private jets, hotel fees, insurance premiums and other petty expenses, but not not entirely aimed at improving poverty in these countries.
Mr. Beasley responded to Musk with a tweet: "I can assure you we have systems in place for transparency and open source accounting. Your team can review and work on them. I have full confidence in that."
He also clarified that the UN World Food Program never said that $6 billion would solve world hunger. "This is a one-time donation to save 42 million lives during this unprecedented hunger crisis."
Undercover transactions, people related to DPG Chairman are sanctioned
On October 28, 2021, the Inspector of the State Securities Commission (SSC) issued a Decision on sanctioning administrative violations in the field of securities and securities market against Mr. Trinh Viet Sui.
Specifically, on April 12, 2021, Mr. Trinh Viet Sui - a person related to Mr. Luong Minh Tuan - Chairman of the Board of Directors of Dat Phuong JSC (HOSE: DPG) - sold 5,000 shares of DPG but did not disclose information about the expected transaction.
Therefore, Mr. Sui was fined 5 million dong for not disclosing information about the expected transaction.
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