Google co-founder Sergey Brin may flip a $100 million revenue by promoting Tesla inventory after he reportedly determined to tug his investments from Elon Musk’s agency over an alleged affair between Musk and his spouse, Nicole Shanahan.
Musk on Sunday denied a Wall Road Journal report which claimed that his friendship with Brin was ruptured after he and Shanahan had a quick fling whereas she was separated from Brin late final 12 months.
In response to the Journal, Brin was so incensed by the affair that it spurred him to file for divorce from Shanahan.
Brin additionally reportedly informed his monetary traders to divest all of his holdings in Musk-led entities, together with electrical automobile maker Tesla.
According to Business Insider, Brin was an early investor in Tesla. In 2006, he helped the corporate elevate $40 million, although it’s unclear how a lot he put in on the time.
Two years later, Brin invested one other $500,000 as a part of one other $40 million fundraising spherical.
That sum of cash was “sufficient to maintain the lights on just a bit whereas longer,” in accordance with Hamish McKenzie, creator of “Insane Mode: How Elon Musk’s Tesla Sparked an Electrical Revolution.”
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Brin’s identify doesn’t seem in Tesla’s SEC filings, which signifies that his stake within the firm is not any greater than 5%.
It’s unclear whether or not he offered his stake within the firm when it went public in 2010.
By a conservative estimate, Brin’s stake in Tesla is at the very least $500,000. Have been he to promote it immediately, it will be effectively over $100 million.
On the time that Tesla went public in June 2010, its inventory value was round $4 per share.
As of Monday morning, Tesla inventory was buying and selling at north of $811 per share.
Musk, 51, insisted the claims of a fling together with his buddy’s estranged spouse, Shanahan, had been “complete bs” — even quipping, “Haven’t even had intercourse in ages (sigh).”
The world’s richest man additionally despatched The Submit a photograph exhibiting him partying with Brin, 48, who was presupposed to have cooled their bromance after the alleged betrayal.
“Took this pic solely two hours in the past,” Musk informed The Submit of the photograph of him laughing whereas rubbing shoulders together with his fellow billionaire.
The Tesla mogul turned severe to strongly deny the widely-spread Wall Road Journal report that claimed a December fling was behind Brin’s divorce.
“Nicole and Sergey’s divorce has completely nothing to do with me,” Musk insisted by electronic mail.
“I’m positive each Nicole and Sergey would affirm that. I spoke with each Sergey and Nicole about this they usually say the story isn’t coming from them, so [it] have to be a case of damaged phone, two or three layers eliminated,” he stated.