Kimbal Musk is a famous entrepreneur and venture capitalist, brother of even more famous Elon Musk. His wealth originates from sales of companies Zip2 and PayPal that he co-founded with Elon. Both were sold for incredible amount of money. As of 2015, his estimated net worth is $2.5 billion. Today, he sits in the boards of Tesla Motors and SpaceX.
Kimbal was born September 20, 1972 in Pretoria in South Africe into the family of an engineer and a dietician. Kimbal earned his college degree at Queen’s University in 1995. His first entrepreneurial shot was a residential painting business. After that, Kimbal co-founded Zip2 that was sold to Compaq for incredible $307 million in 1999. But that was just a beginning.
Kimbal and Musk started PayPal which they eventually sold to eBay for $1.5 billion in stock. You would think Kimbal would retire at that point and enjoy his astronomical wealth but he traveled to NYC, enrolled into the French Culinary Institute and eventually started his own restaurant business. He runs two restaurants now, they are called The Kitchen and Kitchen Next Door.
Kimbal’s current relationship status isn’t publicly known but he was married in the past to Justine Musk. They got divorced in 2010. So he’s probably enjoying his freedom right now. Kimbal and his ex wife have three kids. Although divorce settlement and child allowances probably made a huge dent into Musk’s net worth, we are sure he’ll be fine thanks to his numerous business ventures.
In 2015, Kimbal Msk allegedly used his options for Tesla stocks and bought 3,666 shares for only $9.96 per share. This brought him caital gain of approximately $800,000. Definitely a nice bonus. And he still has 13,000 options with the same strike price on his account.