Elon Musk’s brother, Kimbal Musk, sold $ 25.6 million worth of Tesla shares
May 2, 2021
It turned out that Elon Musk‘s brother, Kimbal Musk, sold $ 25.6 million worth of Tesla shares. Elon Musk’s brother Kimbal Musk managed to earn millions of dollars from his stake in the tesla project.
Elon Musk’s brother and Tesla board member Kimbal Musk sold part of his $ 25.6 million stake in the company.
According to the news on the US bloomberght.com website, according to the statement made to the capital market regulator SEC, Kimbal Musk sold his 30,000 shares on February 9 for $ 852.12. Tesla’s shares fell 5.3 percent after the sale, at $ 804.82 at closing.
After the transaction, the number of shares owned by Kimbal Musk reached 599,740. The value of the shares is around 483 million. According to the data compiled by Bloomberg Tesla, the company’s employees hold 19.6 shares.
Who is Kimbal Musk?
He is the younger brother of billionaire businessman Elon Musk and a major shareholder of Tesla. He founded software company Zip2 with his brother Elon Musk in 1995. Zip2 was purchased by Compaq for $ 307 million in 1999.
Kimbal Musk is Elon Musk’s younger brother. He is a restaurateur and philanthropist. Kimbal Musk is currently the founder of three food companies: The Kitchen Restaurant Group, a nonprofit organization called Big Green, and Square Roots, an urban agriculture company.
Kimbal Musk, the brother of Elon Musk, who is an ecologist and dedicated to healthy eating
Although he invested in all of his brother Elon Musk’s projects, he eventually caught a passion for cooking. Its slogan is “food is the new internet” and it set out to revolutionize the way Americans eat. The health food king and philanthropist owns some of the restaurants in the United States, such as The Kitchen or Next Door, where sustainably produced food is served. “If we go well, that means there will be food for everyone,” he says.
We can easily say that Elon Musk was the businessman of the moment. Co-founder of PayPal, SpaceX, Hyperloop, SolarCity, The Boring Company, Neuralink, OpenAI and Tesla Motors, he became the richest person in the world according to Forbes magazine (his fortune is estimated at $ 187 billion). With a resume like this, no wonder your little brother is in the shade. So who is Kimbal Musk?
He was born on September 20, 1972 in Pretoria, South Africa. In 1995, he founded Zip2 software company with his brother (a business that Google predicted what would happen to Google) selling door-to-door maps and directions to internet companies and companies. Maps). Kimbal sold and sought capital, while Elon took care of programming and engineering. In 1999, they sold Zip2 to Compaq for $ 307 million, that was their first fortune and invested in subsequent ventures.
Although Kimbal, 45, is an investor in all of Elon’s projects (although the company still owns 599,740 shares, he recently sold 30,000 shares of Tesla, which he bought close to 21 million Euros), followed his own path, which some call eccentric. .
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Kimbal Musk Net Worth 2021
Kimbal Musk net worth 2021:Kimbal Musk is a South African restauranteur, gourmet specialist, and business visionary who has a total assets of $500 million. He is most popular for being the sibling of Elon Musk and for filling in as an individual from the Board of Directors of his sibling’s organization, Tesla Inc.
Kimbal Musk was brought into the world in Pretoria, South Africa in September 1972. He is the child of Maye Musk and Errol Musk. He is the sibling of Elon Musk and Tosca Musk and the cousin of Lyndon Rive. Kimbal Musk possesses The Kitchen Restaurant Group with areas in Colorado, Chicago, Memphis, Cleveland, and Indianapolis. He is the director and fellow benefactor of the not-for-profit Big Green that has fabricated many outside study halls or learning gardens in schools across the United States. Kimbal Musk is the fellow benefactor and administrator of the metropolitan cultivating organization Square Roots. He is a board individual from Tesla Inc. what’s more, SpaceX and served on the leading body of Chipotle Mexican Grill. Kimbal Musk is a significant Tesla investor.
Tesla Stake: Before the organization did a 5-1 stock split, Kimbal Musk possessed 130,000 portions of Tesla stock. As of August 26, 2020 when Tesla hit $2,153 per share, Kimbal’s stake was valued at $280 million. He has sold in any event $100 million worth of Tesla offers to date.
After Tesla split 5-1, Kimbal’s stake developed to 572,000 offers. On January 8, 2021 when Tesla hit $880, Kimball’s Tesla value was valued at $503 million.