Elon Musk is one of the most well-known people today. His origins have given for a book and tens of thousands of articles. But his brother, his Kimbal, who is younger than him, is not so much.
Always decked out in his cowboy hat, Kimbal, 49, is, after a lot of thinking, a cook and food entrepreneur who is involved in green initiatives that teach gardening, farming and cooking to children and adults.
Now, both Musk brothers – who, and from whom Elon founded what would later become Tesla or SpaceX – have one uncomfortable thing in common.
According to a report published Thursday in the Wall Street Journal, they are being investigated by the US Securities and Exchange Commission on suspicion of insider trading.
The investigation centers on Kimbal’s November sale of 88,500 Tesla shares – worth $108 million at the time – which allegedly came a day before Elon Musk posted a Twitter poll in which He was wondering if he should sell his 10% stake in his electric car business.
Tesla shares plunged after Musk, 51, released the survey.
Kimbal, the other millionaire of the Musks
Kimbal is on the Tesla board of directors. He was an early investor in the automaker and has an estimated fortune of about $700 million, though that amount is dwarfed by his brother’s estimated $225 billion fortune.
In the months since Musk’s initial tweet, published on November 8, Tesla shares have plunged 33%. The question is clear: did Kimbal know that his brother was going to announce his intention to sell?
Kimbal, who is also chef-in-charge of the Kitchen Restaurant Group, founded the nonprofit organization Big Green in 2011, which has, among other things, built “gardens of learning” in schools across the country. These gardens are designed to teach children where their food comes from and how to grow it for themselves. He is also a co-founder of the Brooklyn-based urban farming company Square Roots.
Kimbal Musk once explained the difference between himself and Elon this way: “He’s the type that wants to take the world to a new frontier and I’m more of taking care of the frontier we have.”
After making a fortune with his brother, Kimbal dedicates himself to food awareness
In a 2018 conversation on Reddit, Kimbal said that jumping into farming and trying to influence the US food system was the right move for him.
The brothers and their younger sister, Tosca, 47, were born in Pretoria, the capital of South Africa. Following their parents’ divorce, Kimbal and Elon chose to live with their father, Errol Musk, a well-to-do engineer.
After a not too good relationship with his father, his mother’s birth in 1989 with little money, staying on relatives’ sofas in Saskatchewan. Elon and Kimbal made their first millions from a web software company called Zip2. Elon later founded the company that would become PayPal.
Kimbal graduated from the French Culinary Institute in New York, moved to Boulder, Colorado, and opened his first restaurant, The Kitchen. Since then, he has opened restaurants in Denver and the Chicago area. In recent years, he has rarely been seen without a cowboy hat on his head.
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