Elon Musk said it would be a ‘mistake’ to give his kids shares of his companies as if it were there 𝐛𝐢𝐫𝐭𝐡-rights – and he’s already found his successors in case he unexpectedly passes away
Elon Musk said it would be a “mistake” to automatically give his kids shares of his companies and its not their 𝐛𝐢𝐫𝐭𝐡-right.
The 51-year-old tech billionaire has found successors for his five companies – but his 𝘤𝘩𝘪𝘭𝘥ren are last on the list.
And if the worst were to happen and the Twitter CEO were to die, they certainly wouldn’t be getting a piece of the pie.
“There are particular individuals identified that I’ve told the board ‘look, if something happens to me unexpectedly, this is my recommendation for taking over’”, he told The Wall Street Journal’s CEO Council.
Elon doesn’t believe in handing over control of his massive empire to his kids just because they’re related.
None of Elon’s nine 𝘤𝘩𝘪𝘭𝘥ren are getting their grubby mitts on his shares
He has nine 𝘤𝘩𝘪𝘭𝘥ren including “protégé” son, X AE A-XII, aged three and one-year-old daughter Exa Dark Sideræl Musk, with Canadian pop-star Grimes.
He explained: “I am definitely not of the school of automatically giving my kids some share of the companies, even if they have no interest or inclination or ability to manage the company.”
The tech tycoon has stayed level-headed to find a more worthy successor and doesn’t believe it should be his 𝘤𝘩𝘪𝘭𝘥ren’s right to his billions.
“I think that’s a mistake”, he added.
Elon admitted it would be a mistake to give them shares like its their 𝐛𝐢𝐫𝐭𝐡right
Elon doesn’t appear to have a civil relationship with all of his 𝘤𝘩𝘪𝘭𝘥ren. When his daughter, 𝐛𝐨𝐫𝐧 Xavier Alexander Musk, asked a court to reassign her gender from male to female, she said she wanted nothing to do with him.
“I no longer live with or wish to be related to my biological father in any way, shape or form”, she allegedly told the court.