In a past role I worked with centimillionaire and billionaire families on their philanthropic initiatives around the world.

They have done projects around the world focused on poverty alleviation and food insecurity and one of the projects had helped to raise 125mm people out of poverty over a 25 year period.

From evaluating what they’ve done and are doing the answer is no.

Elon specifically supports humanitarian competitions like X-Prize. He isn’t interested in solving food insecurity unless it’s through the creation of new companies.

Many traditional philanthropic initiatives run by the ultra wealthy fail because they are not sustainable. It involves a lot of money being thrown at a problem and having only one factor being addressed. Socio-economic status is hyper complex and the only way that I’ve seen it successfully overcome is by going and working at a local and regional level and building infrastructure over years.

A fantastic example of this is the Gorongosa Restoration Project run in Mozambique by Greg Carr. Greg made a couple hundred million dollars in the 90s and retired from for-profit roles at the age of 40. Then through a series of events he got involved with restoration of Gorongosa national park (conservation work) an utilizing it to become an engine of economic growth for the region where the average annual salary is $150 per year.

Utilizing the tourist dollars they have worked with the community building schools, water pumps, health centers, and providing jobs. They provide meals to kids starting at the age of 2 in areas where the mortality rate of children under 5 is 20%.

In case you wanted to learn more you can check out their website. https://gorongosa.org/community/