Unlock Premium Data: Up to 50% Off InvestingProCLAIM SALE

Factbox-Who is Kimbal Musk, the Tesla director in cowboy hat?

Published 2024-06-13, 01:45 a/m
© Reuters. FILE PHOTO: Formula One F1 - Las Vegas Grand Prix - Las Vegas Strip Circuit, Las Vegas, Nevada, U.S - November 18, 2023 Entrepreneur Kimbal Musk before the race REUTERS/Mike Blake/File Photo
CMG
-
TSLA
-
PYPL
-
SQ
-

(Reuters) -Tesla shareholders will vote on Thursday on whether to ratify CEO Elon Musk's $56 billion pay package which was voided by a Delaware judge in January. Musk said late on Wednesday that shareholders were voting by wide margins to approve the pay package.

Also on the agenda is the re-election of directors, including Musk's younger brother, Kimbal. Usually seen posing in a cowboy hat, Kimbal's biography on the Tesla (NASDAQ:TSLA) website says he is an entrepreneur, activist and chef.

HERE ARE A FEW FACTS ABOUT HIM:

Born a year after Elon Musk, Kimbal grew up in South Africa with his brother before moving to Canada to pursue a business degree at Queen's University. He turns 52 this year.

His net worth was estimated at $700 million in 2021, according to Forbes. He owns nearly 2 million shares of Tesla, worth more than $350 million, according to the company's proxy filing and the company's share price on Wednesday.

Kimbal Musk was a director of SpaceX from 2002, when it was founded, to January 2022, according to a Tesla proxy filing. He served on Chipotle Mexican Grill (NYSE:CMG)'s board between 2013 and 2019.

One of the early business collaborations between the brothers was internet enterprise software firm Zip2 Corp, which they co-founded in 1995. It was acquired by Compaq for a reported $307 million, according to the New York Times, and merged into Yahoo Maps in 1999.

Kimbal had also invested in his brother's online financial services firm X.com, which merged with PayPal (NASDAQ:PYPL).

A graduate of the French Culinary Institute in New York City, he cofounded in 2004 the Kitchen Restaurant Group which has restaurants across the United States. He is also the author of "The Kitchen Cookbook: Cooking for Your Community."

In 2010, Kimbal became the executive director of Big Green, a nonprofit organization that creates learning gardens in schools across the U.S. In 2022, he launched a drone light shows company, Nova Sky Stories, with 9,000 light drones.

© Reuters. FILE PHOTO: Formula One F1 - Las Vegas Grand Prix - Las Vegas Strip Circuit, Las Vegas, Nevada, U.S - November 18, 2023 Entrepreneur Kimbal Musk before the race REUTERS/Mike Blake/File Photo

He cofounded an indoor farming platform, Square (NYSE:SQ) Roots, in 2016.

In 2010 he broke his neck while skiing and was hospitalized for months. He called it a "near death experience," according to media reports.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.