Business NewsBillionaire Brin Sold Tesla Near Its Peak For New Giving Vehicle
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Billionaire Brin Sold Tesla Near Its Peak For New Giving Vehicle
Sergey Brin’s latest nonprofit, Catalyst4, offers the Google co-founder tax breaks, as well as increased levels of flexibility, secrecy and political influence.
Sergey Brin, right, with former wife Nicole Shanahan in 2019. Photographer: Ian Tuttle/Getty Images
(Bloomberg) -- Google co-founder Sergey Brin is setting up a new half-billion-dollar nonprofit focused on health and climate change, and filings show the majority of funding so far comes from Tesla Inc. shares.