Kimbal Musk Net Worth. Kimbal Musk, a chef, entrepreneur, philanthropist, and venture capitalist in his own right, is a multimillionaire. He is Elon Musk’s younger brother and the youngest of his SpaceX and Tesla siblings.
Thanks to a recent interview with family patriarch Errol, which has gone viral, the Musk family is once again in the news and everyone is looking at Kimbal Musk.
Errol Musk called into the Kyle and Jackie O radio program on Sydney’s KIIS FM for a 20-minute chat on Monday (August 1), according to the New York Post. He discussed Elon Musk’s success with him and offered the entrepreneur billionaire, 50, a weight-loss tip.
Jackie O, a presenter, questioned the 79-year-old South African about his offspring.
You just can’t take that away from him because he’s worth so much money and has built so many things. Is it safe to say that you are proud?
No, he says shaking his head. Errol responded, “You know, we’ve been doing a lot of things for a long time. It’s not like we just started doing something.” Kimbal, Errol’s son, was then characterized by his father as “pride and joy.” As a result, how successful is Musk’s son?
Kimbal Musk biography
South African-born Canadian-American restaurateur, chef, and entrepreneur Kimbal Reeve Musk (born 20 September 1972)
He is the CEO of The Kitchen Restaurant Group, which operates restaurants in Colorado, Chicago, and Indianapolis under the moniker “community.”
Big Green, a 501(c)(3) charity that has erected hundreds of outdoor classrooms called “Learning Gardens” in the playgrounds of America, is co-founded and chaired by him.
Square Roots, an urban farming firm in Brooklyn, New York City, that grows produce in hydroponic indoor climate controlled shipping containers, is also co-founded and chaired by Musk.
Musk is currently a member of Tesla’s board of directors. His brother, Elon Musk, is the CEO of both SpaceX and Tesla Motors. From 2013 to 2019, he served on the board of directors of Chipotle Mexican Grill.
He’s the son of Errol and Maye Musk, as well as a significant owner in Tesla. He’s Elon Musk’s brother and Tosca Musk’s son.
He co-founded Zip2, a software business, with his brother in 1995, and Compaq paid $307 million for the company in 1999.
The company is led by Kimbal Musk, who serves as Director. Since April 2004, he has served on the Board. Mr. Musk is a co-founder of The Kitchen, a group of companies whose purpose is to give all Americans access to real food, and he has been the company’s Chief Executive Officer since its inception in 2004.
Mr. was added in 2010 as a third person. Musk joined Big Green (previously The Kitchen Community), a non-profit organization that develops educational gardens in schools around the United States, as Executive Director.
Mr. In 2016, Musk co-founded Square Roots, a startup that incubates urban agriculture. Mr. used to be a name that was popular. Zip2 Company, a provider of business software and services, was acquired by Compaq in March 1999. Musk was a co-founder of Zip2 Company.
Mr. was in charge of the company from 2012 until 2015. The Anschutz Health and Wellness Center, which is part of the University of Colorado School of Medicine and offers research, education, and health care to help people achieve healthier habits, was Musk’s responsibility. Mr. SpaceX’s director of directors is Musk.
Early life
Musk has a brother, Elon, and a sister, Tosca. He also has several cousins. His father, Errol Musk, had his own engineering business, and his mother, Maye Musk, is a well-known dietician.
Musk travelled to Kingston, Ontario, Canada, to meet his brother after completing high school in Pretoria, South Africa. He enrolled at Queen’s University to study commerce.
Musk began his career at Scotiabank while still in school. In 1995, he received his bachelor’s degree from Queen’s University.
Personal life
The Kitchen was founded by Kimbal and his wife, Jen Lewin. Together, the pair had three children. They divorced eventually.
Boulder, Colorado is where he calls home. Christiana Wyly, the daughter of billionaire Sam Wyly and an environmental activist, married him in April 2018.
Controversy
The Family Fund, which Musk’s restaurant organization raised money from employees to cover unforeseen costs and personal crises, was frozen “permanently” during the COVID-19 pandemic in 2020. The restaurants were also shuttered, and the people who contributed their earnings over the course of the business’ life were denied access to them.
The eateries later reopened, but reportedly did not give back the money to those who contributed. Musk subsequently disputed earlier media reports about the issue, citing journalists’ lack of sources.
Contributions from owners and customers are now being routed to the fund, which is then matched by the Kitchen Restaurant Group; tips for take-out orders are being rerouted to the fund.
According to the organization, funds have been given out and workers who are out on furlough or laid off will be considered in the future.
INSIDE KIMBAL MUSK’S RELATIONSHIP WITH HIS BROTHER
The Musk brothers have a strong friendship, with one being a tech giant and the other being an urban farmer. Kimbal and Elon started Zip2, a software company, in 1995, according to Forbes.
According to CNBC, Kimbal was an early investor in Elon Musk’s next company, X.com, which later became PayPal.
He’s sort of let’s take the world to a new frontier, and I’m more concerned with looking after the one we have, Kenbal once described their differences.
Kimbal and food
On the American Optimist podcast, Kimbal discussed his passion for food and revealed that he had gone to New York to earn a certificate from the French Culinary Institute.
After witnessing the events of September 11th, he immediately offered to cook for firefighters. As a result, he got interested in the hospitality business and built a community bistro in 2004.
The Kitchen Restaurant Group was founded as a result of this initiative, which has since grown to include outlets in many cities.
Kimbal’s mission was to address the obesity epidemic in America as well as sustainable farming. Musk also created a non-profit to help provide food and gardens to at-risk people in different portions of the nation.
Big Green, his nonprofit, serves 600 schools and benefits more than 300,000 kids as of the most recent count.
Career
The Zip2, a web-based city guide that supplied material to The New York Times and the Chicago Tribune, was co-owned by the Musk brothers. Zip2 was bought by Compaq for $307 million in 1999.
Following that, he started a food company. Kimbal established The Kitchen in Boulder, Colorado, in April 2004 with Jen Lewin and Hugo Matheson. The Kitchen is one of “America’s Top Restaurants,” according to Food & Wine.
Kimbal Musk is the creator of The Next Door American Eatery and Big Green, a charity that develops school gardens to expose youngsters to real food.
He was the CEO of OneRiot before it was bought by Walmart Labs in 2011. Big Green created gardens in Colorado’s 26 schools, Chicago’s 16 schools, and 12 additional locations across the United States in 2012.
Outdoor Learning Gardens were built in Chicago, Denver, Los Angeles, and Memphis by The Kitchen Community, a non-profit organization founded by Musk.
He received the Global Social Entrepreneur of the Year award from the World Economic Forum in 2018.
After changing his Next Door’s Family Fund initiative during the coronavirus crisis, he was attacked.
Kimbal Musk sold 88,500 shares of Tesla, valued at $108,000,000, a day before his brother launched a poll on Twitter asking if he should sell 10% of his Tesla holdings. The SEC initiated an inquiry into suspected insider trading violations.
Musk later disputed previous reports of the argument, claiming that the media had omitted key facts. Since gratuities from takeout orders are now forwarded to the fund and matched by the proprietors, owners and customers alike are now supporting the fund, according to The Kitchen Restaurant Group.
WHAT IS KIMBAL MUSK’S NET WORTH?
While his elder brother has a net worth of $271.2 billion and is the world’s wealthiest person, Forbes estimates Kimbal Musk to be worth $700 million.
Kimbal’s 0.04% ownership in Tesla accounts for a big portion of this astronomical value. As of November 9, 2021, there was a total of $170 million in options.
Kimbal also has a $2 million investment in Chipotle, an American fast-food restaurant, according to Forbes. Since he also serves on the board of directors of SpaceX, Elon Musk’s private space flight firm, he is likely to own stock in them.
How did Kimbal Musk build his net worth?
During his time at college, Kimball Musk made his first foray into the business world. He explained that it was a College Pro Painters residential painting franchise, which was hard work but paid well for a student in his interview with Forbes.
Kimbal during the DotCom bubble
Zip2 was their first big financial success, and it was created when the Internet was still speculative technology. Kimbal and Elon co-founded it, which provided material for online versions of major newspapers at a time when the Internet was new. At the height of the Dot Com boom, the firm was sold to Compaq for $307 million in 1999.
Kimbal was an early investor in Elon Musk’s next company, X.com, which was bought by PayPal in 2001, relying on his brother’s business acumen.
Kimbal served as the CEO of OneRiot, a social advertising network, from 2006 to 2011, when he returned to tech. The firm prospered and was eventually acquired by Walmart Labs.
Kimbal and Tesla
After his brother Elon joined the company Telsa Inc (NASDAQ: TSLA) in 2004, Kimbal became an early investor, earning handsome returns 10 years later.
A $192 million portion of Kimbal’s personal wealth comes from selling Tesla shares, according to CoreStreet, a trading monitoring website.
Tesla Inc’s Director, Kimbal Musk, has made at least 29 stock trades over the years. In November 2021, he sold 88,500 Tesla shares for $108 million, which was his largest sale of Tesla shares.
Another of Elon’s most well-known enterprises, SpaceX, has Kimbal on its board of directors.
Kimbal and crypto
Kimbal, like his brother, is a crypto enthusiast but he’s careful. For being big energy users and having an impact on the environment, he has chastised Bitcoin miners and numerous crypto projects.
The launch of Big Green DAO, a decentralized autonomous food equality collective, on the Polygon Matic network was discussed by Kimball at Coindesk’s Consensus 2022 event.
Their father’s recent quotes heavily imply a twisted family dynamic
Errol Musk’s recent comments show that the Musk household was not a pleasant environment to grow up, despite what parents are not supposed to do. He said that he was not proud of Elon’s accomplishments in a radio interview on the Australian Kyle and Jackie O Show.
No, of course, you know, I mean we’ve been doing a lot of things for a long time as a family. “We didn’t suddenly start doing anything,” he remarked.
When he thought about Kimbal, who he referred to as his “pride and joy,” according to The Daily Beast, he made it a point to criticize Elon’s diet and tell him “find a woman to give up what she’s doing.”
Maybe Errol really loves Kimbal like a father should, but it’s more likely that he seized the chance to publicly chastise Elon.
For years, their connection has been openly acrimonious. According to People, it was Elon who disclosed Errol’s paternity to the press and frequently referred to his upbringing in abusive terms. All the money in the world couldn’t make the Musks love each other.
FAQs
Kimbal Musk is a wealthy man, isn’t he? Over $700 million has been invested in Kimbal Musk.
Is Kimbal Musk a billionaire? Kimbal isn’t a billionaire, but he’s still a millionaire. Unlike his elder brother, he isn’t.
Is Kimbal Musk a billionaire? The Musk family was not wealthy and lived in South Africa. Kimbal’s mother and brothers had a hard time after his parents divorced. Money was not passed down to the Musks.
Does Kimbal Musk Smoke? Some Unknown Facts About Him There is no number called No. Is Kimbal Musk a drinker? Yes, I suppose so. The health of Kimbal Musk is a major priority for him.
Food before 8 p.m. is prohibited for Kimbal Musk. Volleyball and tennis are two of Kimbal Musk’s favorite sports. Cooking is a passion of Kimbal Musk’s.
Kimbal Musk’s crush is Kimbal Musk, as he has publicly admitted. For as long as he can remember, he’s admired her.
Kimbal Musk’s net worth is how much money he has. Kimbal Musk’s net worth is about $700 million.
What is Kimbal Musk’s age? Kimbal Musk was born on September 20, 1972, and is 50 years old.
What is Kimbal Musk’s Salary? According to estimates, Kimbal Musk pulls in $58 million per year.
What is Kimbal Musk’s height? Kimbal Musk stands at a height of 6′ 3″.
Who is Kimbal Musk’s wife called? Christiana Wyly (m. 2018) and Jen Lewin (m. 2016) are the names of Kimbal Musk’s wife and daughter, respectively.
