| Net Worth: | $500 Million |
|---|---|
| Date of Birth: | September 20, 1972 (52 years old) |
| Gender: | Male |
| Height: | 1.93 m (6 ft 4 in) |
| Profession: | Chef |
| Nationality: | Canadian, South African |
What is Kimbal Musk’s net worth
Kimbal Musk is a South African entrepreneur, restauranteur, and chef who has a net worth of $500 million. He is the brother of the famous business magnate Elon Musk.
Kimbal serves as a member of the Board of Directors for Tesla Inc, the business owned by his brother.
Childhood
Kimbal Musk, the son of Maye and Errol Musk, was born on September 20th, 1972, in Pretoria, South Africa. His Parents also gave birth to other children; Elon Musk and Tosca Musk who has a cousin of Lyndon Rive.
Business Venture
Kimbal Musk is the owner of the Kitchen Restaurant Group, which has locations in Colorado, Chicago, Memphis, Cleveland, and Indianapolis.
He is the chairman and co-founder of the nonprofit Big Green, which has built hundreds of outdoor classrooms or learning gardens in schools around the US.
The co-founder and CEO of the urban gardening business Square Roots are Kimbal Musk. He formerly sat on the boards of Chipotle Mexican Grill and Tesla Inc. A significant Tesla investor is Kimbal Musk.
Tesla investment
Kimbal Musk had 130,000 Tesla shares prior to the company’s 5-1 stock split. Kimbal’s shareholding was worth $280 million as of August 26, 2020, when Tesla achieved $2,153 per share. He has currently sold shares of Tesla for at least $100 million.
Kimbal now owns 572,000 shares of Tesla following the 5-1 split. Kimball’s Tesla stake was valued at $503 million on January 8, 2021, when the price of the company reached $880.
In 2020, Kimbal came under fire for altering his Next Door’s Family Fund initiative in the midst of the coronavirus outbreak.
The fund was initially established to assist workers in dire circumstances. The Next Door staff made contributions.
He sold 30,000 shares of Tesla, Inc. on February 9th for $25,604,000.
After selling 88,500 shares of Tesla valued at $108,000,000 on February 23, 2022, one day before his brother asked on Twitter if he should sell 10% of his Tesla stock, it was disclosed on February 24 that the SEC was investigating Kimbal for alleged insider trading.
Elon Musk sold shares of Tesla for billions of dollars as a result of the poll, which caused the stock price to fall.
Private life
Kimbal Musk founded The Kitchen with Jen Lewin, whom he married. Three kids were born to the couple. They separated later.
In Boulder, Colorado, he resides. He wed Christiana Wyly, an environmentalist, and the wealthy Sam Wyly’s daughter, in April 2018.
Controversy
The restaurants “permanently” closed during the COVID-19 epidemic of 2020, and the staff members were denied access to the cash they had contributed to.
Kimbal Musk’s restaurant company had been collecting money from its staff (known as the Family Fund) to address hardships and personal emergencies.
The eateries reportedly did not return the contributors’ contributions to the fund when they later reopened.
Later, Kimbal Musk contested the controversy’s reports, claiming that the media had omitted key information.
The Kitchen Restaurant Group claims that since customers’ gratuities from takeaway orders are now donated to the fund and matched by the owners, both owners and guests are now contributing to its support.
The organization also states that funds have been given out and that both laid-off and furloughed employees would be taken into account moving forward.
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