Musk's inner circle rocked by fight over $230-bn fortune
Business Standard|July 18, 2022
In late 2021, Elon Musk was cornered by one man in his innermost circle, Jared Birchall. It was about money-Musk's money to be precise and how the world's richest man was choosing to spend a vast part of it.
Musk's inner circle rocked by fight over $230-bn fortune

Birchall, the 48-year-old wealth manager who rose to become Musk's top deputy and the head of his family office, had growing concerns about a new power player in the Tesla CEO's orbit, The Wall Street Journal reported.

Musk was increasingly relying on a new advisor, a 34-year-old, Russian-born ex-professional gambler named Igor Kurganov. Musk and Kurganov chatted late into the night about how the world's richest person might use his fortune to help shape the planet through a giving strategy known as "effective altruism", when the latter spent some of the pandemic sleeping in Musk's home.

Kurganov had no experience in finance or security but was suddenly a central figure in both areas for Musk. Not long after, the Tesla CEO told Birchall that he was so taken by the younger man's ideas that he wanted to leave him in charge of his charitable giving, dispersing funds from Musk's vast private fortune, currently around $230 billion, as he saw fit.

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