Home Business Factbox-Who is Kimbal Musk, the Tesla CEO in a cowboy hat?

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

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

(Reuters) – Tesla shareholders will vote on June 13 to ratify CEO Elon Musk’s $56 billion pay package, which was annulled by a Delaware judge in January. Also on the horizon is the re-election of directors, including Musk’s younger brother, Kimbal. Usually seen posing in a cowboy hat, Kimbal’s biography on Tesla’s website says he is an entrepreneur, activist and chef.

HERE ARE A FEW FACTS ABOUT HIM:

* Kimbal was born a year after Elon Musk and grew up with his brother in South Africa before moving to Canada to pursue a business degree at Queen’s University. He turns 52 this year.

* According to Forbes, his net worth was estimated at $700 million in 2021. He owns nearly 2 million Tesla shares, worth about $348.7 million, according to the company’s proxy filing and Thursday’s closing price.

* Kimbal Musk was director of SpaceX from 2002, when it was founded, until January 2022, according to Tesla’s latest proxy filing. He served on the board of Chipotle Mexican Grill from 2013 to 2019.

* One of the brothers’ first business partnerships was the Internet company Zip2 Corp, which they co-founded in 1995. It was acquired by Compaq for a reported $307 million and merged with Yahoo Maps, according to the New York Times. 1999.

* Kimbal had also invested in his brother’s online financial services company X.com, which merged with PayPal.

* He graduated from the French Culinary Institute in New York City and in 2004 co-founded The Kitchen Restaurant Group, with restaurants across the United States. He is also the author of “The Kitchen Cookbook: Cooking for Your Community.”

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

*He co-founded the indoor farming platform Square Roots in 2016.

* In 2010, at the age of 37, he broke his neck while skiing, leaving him in the hospital for months. According to media reports, he called it a “near-death experience”.

(Compiled by Sayantani Ghosh in San Francisco and Jaspreet Singh in Bengaluru; Editing by Aditya Soni and Arun Koyyur)

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