Kimbal Musk Net Worth - Wealthiest Chef And Successful Entrepreneur
Elon Musk's younger brother is also a successful business owner. He wears a cowboy hat. He made his first big money with Elon in their first company, but how has Kimbal been making money since then and what is Kimbal Musk net worth?
Author:Alex MercerReviewer:Nathanial BlackwoodNov 09, 20223 Shares274 Views
Kimbal Musk is Elon Musk's younger brother. He owns restaurants, is a chef, and runs his own business. Are you wondering about Kimbal Musk net worth?Kimbal is thought to be the wealthiest celebrity chef in the world right now.
Gordon Ramsay, a British chef and food critic with a net worth of $220 million, and Jamie Oliver, the host of "The Naked Chef," who has a net worth of $200 million, are right behind him.
Who Is Kimbal Musk?
Kimbal Musk is a chef, restaurant owner, food entrepreneur, and philanthropist. Kimbal's personal mission is to give the next generation of passionate food entrepreneurs the tools and money they need to come up with new ideas and grow healthy, real food.
The World Economic Forum has named Mr. Musk a Global Social Entrepreneur. He is the Executive Chairman of Square Roots and a co-founder and CEO of The Kitchen Restaurant Group and Big Green.
Kimbal Musk was born and raised in South Africa. He and Elon both went to Queen's University in Ontario, Canada. (After two years, Elon went back to the University of Pennsylvania to finish his degree.)
After Kimbal and Elon graduated from collegein 1995, they started a software company called Zip2. In 1999, Compaq bought Zip2. After that, he put money into Elon's next startup, X.com, which CNBC says is now a part of Paypal.
Kimbal Musk Net Worth
Elon Musk's Younger Brother, Kimbal Musk, Is Getting Very Rich Off Tesla | Forbes
Kimbal Musk's net worth is $700 million. He is a South African restaurant owner, chef, and entrepreneur. He is best known for being Elon Musk's brother and for being on the Board of Directorsof Tesla Inc., the company that Elon Musk runs.
The Kitchen Restaurant Group is owned by Kimbal Musk, and it 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 all over the United States.
Kimbal Musk helped start the company Square Roots and is now in charge of it. He is on the board of Tesla Inc. and SpaceX, and he used to be on the board of Chipotle Mexican Grill. Kimbal Musk owns a lot of shares in Tesla.
How Did Kimbal Musk Build His Net Worth?
DotCom Bubble
Kimbal had his first big financial success with Elon in their first company, an online city guide called Zip2. At a time when the Internet was still new, Zip2 provided content for online versions of popular newspapers.
In 1999, when the Dot Com bubble was at its highest, Compaq bought the company for $307 million. Kimbal believed in his brother's business skills, so he invested early in Elon's next business, X.com, which was bought by PayPal in 2001.
Kimbal was the CEO of a social advertising network called OneRiot from 2006 to 2011. The company did very well, and in the end, Walmart-Labs bought it.
Tesla
Kimbal also invested early in his brother Elon's company, Telsa Inc. (NASDAQ: TSLA), when Elon joined the company in 2004. This was a smart move that paid off big ten years later.
Site for keeping track of insider trading CoreStreet thinks that selling shares in Tesla has given Kimbal $192 million of his own money. Kimbal Musk is a Director at Tesla Inc., and over the years he has made at least 29 trades of stock.
In November 2021, he sold 88,500 shares of Tesla stock for $108 million. This was his largest sale of Tesla stock. Kimbal is also on the board of SpaceX, which is another well-known business owned by Elon.
Kimbal Musk As Chef
Kimbal talked about how much he loves food on the American Optimist podcast. He also said that he had moved to New York and gotten a degree from the French Culinary Institute there.
He was so moved by what happened on September 11 that he offered to cook for firefighters in the days after. This made him want to work in the hospitality business, and in 2004 he opened a community bistro.
This plan worked out very well, and it has grown to include locations in many different cities. It is now known as The Kitchen Restaurant Group. Kimbal's goal was to end America's obesity problem and, later, to promote farming that is good for the environment.
Musk also helped start a charity that gives meals and gardens to people in need in different parts of the country. As of the last time he checked, his nonprofit, Big Green, helped more than 300,000 children in 600 schools.
Crypto
Kimbal has a foot in cryptolike his brother, but he is more careful. He has said that Bitcoin miners and many other cryptoprojects are bad for the environment because they use a lot of energy.
Kimball talked at Coindesk's Consensus 2022 event about the launch of Big Green DAO on the Polygon Matic network. Big Green DAO is a decentralized autonomous food equality collective.
People Also Ask
How Did Kimbal Musk Get Rich?
Kimbal had his first big financial success with Elon in their first company, an online city guide called Zip2. At a time when the Internet was still new, Zip2 provided content for online versions of popular newspapers. In 1999, when the Dot Com bubble was at its highest, Compaq bought the company for $307 million.
How Much Of Tesla Does Kimbal Musk Own?
Since 2004, Kimbal Musk has been on the board of Tesla. Forbes gives him a low estimate of $550 million because he only owns 0.04% of the company. He probably has some interest in SpaceX, where he is also on the board.
Where Is Kimbal Musk Now?
Kimbal is a member of the board of directors at Tesla. He was an early investor in the car company and is now worth about $700 million. However, his brother is said to be worth $225 billion, which is a much bigger amount.
Conclusion
Kimbal Musk, Elon's younger brother, was one of the first people to invest in a company that makes electric cars. He has been on the board of directors of the company since 2004. Forbes thinks that Kimbal Musk has a net worth of about $700 million, which is on the low side.
This is mostly because of his 0.04% stake in Tesla and options to buy 172,250 Tesla shares, which as of Nov. 9 were worth about $170 million. He also has about $2 million worth of stock in Chipotle and is a director there.
Alex Mercer
Author
Alex Mercer is a seasoned author and analyst specializing in wealth research, with a keen focus on evaluating the net worth of individuals across various industries. With over a decade of experience in financial analysis and wealth assessment, Alex has developed a nuanced understanding of the factors that contribute to an individual's financial status, from investments and assets to market trends and economic policies. His work involves in-depth reviews and analyses, providing insightful observations on wealth accumulation, management strategies, and the socio-economic implications of wealth distribution.
Throughout his career, Alex has become known for his ability to distill complex financial data into understandable and engaging narratives, making the subject of wealth and net worth accessible to a broad audience. His expertise is not just in numbers but in telling the stories behind them, highlighting the journeys, strategies, and decisions that lead to financial success or challenges. Alex's contributions to the field of wealth research are valuable resources for anyone looking to understand the dynamics of wealth in today's world, offering a unique perspective that bridges the gap between financial analysis and human interest.
Nathanial Blackwood
Reviewer
Nathanial (Nate) Blackwood is a distinguished financial journalist with a decade of experience in net worth analysis. He holds an Economics degree from the University of Finance and a Data Analysis certification, enabling him to blend thorough insights with engaging storytelling. Nate is known for making complex financial information accessible to a wide audience, earning acclaim for his precise and reader-friendly analyses. Beyond his writing, Nate is dedicated to financial literacy, actively participating in educational forums and workshops.
He is the founder of PureNetWealth, a platform that demystifies the financial achievements of public figures by exploring the strategies and decisions behind their fortunes. Nate's work bridges the gap between intricate economic concepts and the general public, inspiring a deeper understanding of wealth dynamics. Follow Nathanial Blackwood for essential insights into the financial narratives shaping our world.
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