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- 1 Kimbal Musk, a South African restaurateur, and owner of The Kitchen Restaurant Group is the brother of Elon Musk.
- 2 He is considered among the wealthiest personalities to empower and invest in food entrepreneurs.
Kimbal Musk, a philanthropist, chef, food entrepreneur, and restaurateur was born on 20 September 1972. He is the brother of Elon Musk, the Tesla founder, and took up several businesses together. He was born in Pretoria, South Africa, in a business-oriented family and completed his graduation in Business from Queen’s University. At the age of eighteen, he shifted to Canada from South Africa for business purposes. Kimbal Musk’s interest in food made him a Global Social Entrepreneur at the World Economic Forum. He is a successful entrepreneur on his own right now.
How did Kimbal Get Rich?
Kimbal Musk’s net worth is estimated to be around $700 Million and made big financial growth alongside Elon Musk.
He began his career at the age of eighteen in an entrepreneurial venture, where he was accountable for managing a business-in-a-box franchise named College Pro Painters. $15,000 was made to him in the first year and $35,000 in the second year and become the manager of the year.
Later, Zip2, an online city guide was co-founded by Kimbal and Elon Musk in the year 1995. It was an online city guide offering web content for large-scale newspapers, acquired by Compaq for $307 Million in 1999.
In partnership with Hugo Matheson, Kimbal Musk introduced The Kitchen Restaurant Group, based in Boulder, Colorado. The group was introduced in 2004 and is a world-class collection of restaurants based on warm and genuine hospitality services of the highest quality.
Big Green, a nonprofit organization, formally known as The Kitchen Community, was founded by Musk and Matheson in 2011. The nonprofit organization involves learning gardens, serving in around 600 schools, and providing benefits to more than 300,000 children. The organization is operating in cities including Detroit, Chicago, Los Angeles, Indianapolis, Pittsburgh, and Memphis.
Another company founded by Kimbal Musk is Square Roots, a farming company situated in Brooklyn. Tobias Peggs and Musk in partnership established the firm in 2016. The firm focuses on growing food and uses shipping containers with controlled microclimates to grow produce.
Focusing on Kimbal Musk’s career, it is observed that investment in startups is a source of wealth and made him a big financial success. In 2020, Kimbal owned around 130,000 shares of Tesla stock and his stake grew to 572,000 when Tesla split 5:1. In January 2021, when Tesla reached $880, Kimbal’s Tesla equity reached $503 Million.
Currently, the net worth of Kimbal Musk is around $700 Million.
View of Kimbal on Crypto
According to Kimbal, Cryptocurrency is a good idea on many levels with a promising future. However, he does not show positive sentiments towards the crypto market. His main concern is related to heavy energy consumption and the adverse impact of the same on the environment.
Conclusion
Kimbal Musk is a food entrepreneur, chef, and philanthropist and owns The Kitchen Restaurant Group. Investment in the startup venture is one of Kimbal’s main sources of wealth and he is an early investor in Tesla Company. The perspective of Kimbal Musk on crypto is not very positive due to heavy energy consumption and adverse impact on the environment.
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.
