Kimbal Musk - Agricultural "tycoon", almost went bankrupt for helping his billionaire brother Elon Musk

Contrary to his brother Elon Musk, always engrossed in making electric cars, making rockets to conquer Mars, his younger brother - Kimbal Musk successfully made his fortune by investing in agriculture.

Although not as famous as his "eccentric" billionaire brother, Elon Musk, Kimbal Musk is also an excellent businessman and has an admirable career.

According to Forbes, Kimbal Musk currently owns a net worth of about 700 million USD. This number may also increase in the near future, which shows that Kimbal Musk has the full potential to contribute to the list of world billionaires in the near future. Prove the outstanding talent and "not-so-medium" bravery of members of the Musk family.

Accompanying Elon Musk from the very beginning of his career

Kimbal Musk was born on September 20, 1972, the youngest son of Maye and Errol Musk. He grew up in South Africa and attended Queen's University in Ontario, Canada with his brother Elon. However, two years later, Elon transferred to the University of Pennsylvania in the US. However, Kimbal is still a longtime companion with his brother Elon since the days when the billionaire started building his career.

In 1995, Kimbal Musk and Elon Musk started their careers with the software company Zip2. Four years later, Zip2 was acquired by computer company Compaq. He is also an early investor in electric car maker Tesla and has been on the board since 2004 with a 0.04% stake - worth $170 million. The millionaire born in 1972 has been on SpaceX's board of directors since 2003 and also holds the corresponding position in the Mexican fast food restaurant chain Chipotle.

In 2008, at the height of the recession, Kimbal's personal investments declined, so he decided to sell his remaining assets and use the m.oney to help Tesla get through the tough times. This story was covered by journalist Ashley Vance in her book "Tesla, SpaceX and the Quest for an Unthinkable Future", published in 2015.

"I almost went bankrupt," Kimbal once told Vance.

Although the spokesman said Kimbal was a "very early investor," the specific amount he invested in Tesla was not disclosed. According to U.S. Securities and Exchange Commission (SEC) filings, Kimbal participated in a 2008 round of bridge funding. In this round, investors lent Tesla m.oney i.n exchange for convertible bonds. buy shares at a discount. As a result, Kimball received 594,857 Tesla shares. According to Forbes, Kimbal is also using a tactic of the super-rich to make more m.oney, which is using his shares to borrow m.oney.

Of course, the fact that Kimbal Musk is on Tesla's board also makes him face mixed opinions. In 2018, a group of pension fund managers and shareholders tried to remove Kimbal from the board without success.

They argued that Kimbal's relationship with Elon Musk would affect his role as an independent board member. These same people also pointed out that Kimbal "has no professional experience in the auto industry" and "has been shown to be ineffective as a member of the Chipotle Board of Directors".

Another proposal in October, from consulting firm ISS, aims to remove Kimbal from the board on the grounds of "over-receipt" in stock options.

In a statement, Kimbal didn't directly address his net worth, instead sending Forbes a lengthy note about his philanthropic and investment philosophy.

"We are inspired by the next generation of young farmers, entrepreneurs and innovators - who are helping to f.ight climate change - by growing more nutritious food, reducing food waste. products and produce regenerated meat as well as plants and cells," Kimbal said.

Not only accompanying Elon Musk at work, Kimbal also stood up many times to defend his brother when he encountered bad reputations. Specifically, before the sarcasm about Elon Musk "evading taxes", Kimbal Musk defended, saying his brother is "the biggest taxpayer in American history".

In an interview with Input Magazine, he also affirmed that he and his brother are not obsessed with m.oney and shared that he always uses personal assets to support charity because "it will motivate donation and more meaningful than giving this m.oney to the government or using it after d.eath."

Get richer by investing in agriculture

Not only rich from his investment in Tesla, Kimbal Musk also built his own career and achieved a lot of success.

In 2004, he opened The Kitchen - a restaurant chain that has been listed as "America's Best Restaurants" for many consecutive years with branches spread across many states. All of these restaurants directly purchase agricultural products.

From 2006 to 2011, this millionaire became the CEO of OneRiot - a media company. At the same time, he still pursues his passion for the restaurant business.

In 2016, Kimbal was one of the founders of the startup Square Roots, which is active in urban farming and building farms. The main mission of this company is to bring fresh, local food to urban areas around the world, by empowering the younger generation to engage in new urban farming. He also invested in food delivery service Everytable and Upside Foods, which specializes in lab-grown artificial meat.

In addition, this millionaire also founded Big Green - a non-profit organization that specializes in creating gardens at schools and aims to teach students about nutrition, health and food knowledge.

With all the achievements in his career, Kimbal Musk currently owns a net worth of more than 700 million USD. Although it is impossible to compare the amount of assets with Elon Musk, it cannot be denied that the talent of this millionaire born in 1972 is not inferior to his brother.

Happy marriage with tycoon wife

Regarding personal life, Kimbal Musk is currently living a happy life with his wife Christiana Wyly - daughter of American billionaire Sam Wyly. The two are said to meet and fall in love after participating in environmental projects.

Not only beautiful, Christiana Wyly owns a "huge profile" when she was a transitional chairperson and board member at Global Green USA, was an executive director at Food Choice Taskforce. Currently, Elon Musk's sister-in-law is the CEO and chairman of Unreasonable Group, a corporation she founded and owns a fortune of about $500 million.

Although they are both extremely rich, this millionaire couple lives a very simple and secretive life. Accordingly, their 300-guest wedding ceremony was held in a private villa and was not extravagant and rambunctious.

Before coming to his current wife, Kimbal Musk was married to Jen Lewin, with whom he founded The Kitchen Restaurant project from a young age. The two lived together for 10 years and had three children together before divorcing.

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