Restaurateur Kimbal Musk has an extended historical past of investing in his brother’s ventures.
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Restaurateur, chef and investor Kimbal Musk made headlines this week for promoting 30,000 shares of Tesla inventory for $25.6 million. Although his older brother Elon is much extra well-known, Kimbal has based and invested in his fair proportion of firms, too.
The 2 co-founded Zip2, which was later bought to Compaq, and Kimbal was an earlier investor in his brother’s firm X.com, which was later bought to PayPal. Since then, Kimbal has centered on mission-driven, food-related endeavors. He co-founded and is government chairman of The Kitchen Restaurant Group, Huge Inexperienced and Sq. Roots City Growers. He is a former Chipotle board member.
The Tesla inventory Kimbal bought represents simply 5% of his general holdings; he held 600,000 Tesla shares as of October, in accordance with FactSet. Kimbal nonetheless sits on the board of Tesla and SpaceX.
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