What is Kimbal Musk’s net worth?
Kimbal Musk is a South African restaurateur, chef, and entrepreneur with a net worth of $500 million. He is best known as Elon Musk’s brother and serves on Tesla Inc. and SpaceX boards. Kimbal and Elon co-founded Zip2, a software startup bought by Compaq for $307 million in 1999.
Kimbal owns The Kitchen Restaurant Group, which operates in Illinois and Colorado. Musk is the chairman and co-founder of Big Green, a nonprofit organization that has established over 700 “Learning Gardens” in schools around the United States. Kimbal co-founded Square Roots, an urban farming enterprise producing food in “modular, stacking hydroponic farms.” He formerly served on the board of Chipotle Mexican Grill.
Musk has featured on many television series, including “Risk Takers” (2011), “60 Minutes” (2014), “Chelsea” (2016), “Couple Thinkers” (2017), “Megyn Kelly Today” (2018), “Today” (2019), “Chopped” (2019), and “To Dine For with Kate Sullivan” (2021). In 2018, the World Economic Forum named Kimball a “Global Social Entrepreneur of the Year.”
Previous Insider Trading and Trends
Hemost active year for stock purchases was 2015, with nine transactions in total. largest month for stock buying was April. Kimbal Musk’s most active year for selling shares was 2017, with 48 transactions. Kimbal Musk’s stock disposal activity was highest in March. In 2019, he spent $13,094,500.00 for 50,000 shares, the most he has ever purchased in one year. In 2021, Kimbal Musk sold 192,500 shares for $142,445,074.69, their highest-ever transaction value.
Kimbal Musk’s Net Worth & Tesla Shares
SEC filings show Kimbal has sold $100 million of Tesla stock since the firm went public.
He is the fifth-largest individual shareholder in his older brother’s firm.
Kimbal had 130,000 shares in Tesla before the company’s 5-1 split in August 2020.
After the split, his shares increased to 572,000. On January 8, 2021, when Tesla hit $880, Kimbal’s Tesla shares were valued at $503 million.
Tesla split again in August 2023, this time by three to one.
Kimbal had 1.7 million shares following the split.
When Apple’s stock reached $250 in June 2023, up 90% from the start of the year, Kimbal’s investment was worth roughly $500 million.
Career
Kimbal Musk was born on September 20, 1972, in Pretoria, Transvaal, South Africa. He has two siblings: Elon and Tosca Musk. He attended Queen’s University in Ontario, Canada, where he studied business and graduated in 1995. In 1994, he and his brother launched Zip2, an online city guide. After selling the software, they invested in a new technology that eventually became PayPal.
He eventually relocated to New York City and attended the French Culinary Institute. Kimbal established his community cafe, The Kitchen, in Boulder, Colorado. He was also the CEO of OneRiot, an advertising network, from 2006 until 2011. In 2011, he founded Next Door American Eatery, a fast-casual restaurant in Boulder. He subsequently founded Big Green, an NGO that helps people produce their food.
Net Worth over Time
Kimbal Musk’s net worth has topped $500 million. According to SEC documents, he has sold $100 million in Tesla stock since the firm went public. He is the fifth-largest individual shareholder in his brother Elon’s firm.
Components of Net Worth
Kimbal Musk’s net worth includes ownership of The Kitchen Restaurant Group, Tesla shares, and interests in technology and software firms.- Co-founded Big Green and Square Roots and served as chairman.
Finally, Kimbal Musk, with a net worth of $500 million, is a successful restaurateur, chef, and entrepreneur. He has contributed significantly to the food business and has been actively involved in charity efforts. Musk has amassed a fortune via his different companies and investments while continuing to significantly affect his area.
Has Kimbal Musk purchased or sold shares in Tesla?
Kimbal Musk has not actively traded Tesla shares in the previous three months. Kimbal Musk sold 100,000 shares of the company’s stock on Monday, April 3. The shares were sold at an average price of $195.73 for a total transaction of $19,573,000.00. Following the transaction, the director owns 1,608,720 company stock shares worth $314,874,765.60. Learn more about Kimbal Musk’s trading history.
Who are Tesla’s active insiders?
Deepak Ahuja (CFO), Andrew Baglino (SVP), Eric Branderiz (VP), Robyn Denholm (Director), Ira Ehrenpreis (Director), John Field (VP), Jerome Guillen (Insider), Zachary Kirkhorn (CFO), Elon Musk (CEO), Kimbal Musk (Director), Jeffrey Straubel (Insider), Vaibhav Taneja (CAO), Kathleen Wilson-Thompson (Director), and Xiaotong Zhu (SVP). Learn more about Tesla’s active insiders.
Are insiders buying or selling Tesla stock?
In the previous year, executives at the electric car manufacturer sold shares 26 times, selling 395,990 for more than $79,364,110.73. The most recent insider transaction occurred on June 6, when SVP Xiaotong Zhu sold 650 shares for more than $113,236.50. Tesla insiders hold 20.9% of the firm.
FAQ’s
How did Kimbal Musk become rich?
Kimbal Musk became wealthy by selling his firm, Zip2, for $350 million.
Later, he co-founded PayPal, which eBay acquired.
After coming to New York, he continued his passion for cuisine by enrolling in the French Culinary Institute.
How did Elon Musk become a millionaire?
Most people believe Musk made a fortune from Tesla (TSLA).
He controls the electric vehicle firm TSLA, whose stock has risen by 3,000% in the last decade, increasing Musk’s wealth.
How many companies does Kimbal Musk own?
He owns The Kitchen Restaurant Group, which has restaurants in Colorado and Chicago.
He also co-founded and headed Big Green, a nonprofit that creates outdoor classrooms called Learning Gardens in schoolyards nationwide.