Billionaire Elon Musk says it would be a mistake to automatically hand over his company shares to his ten 𝘤𝘩𝘪𝘭𝘥ren.
Tesla and SpaceX founder Elon Musk is one of many celebrities of shared their thoughts about passing on their wealth to their 𝘤𝘩𝘪𝘭𝘥ren. According to Musk who already has 10 of his own, he is “not in the school” of passing on shares in his companies to 𝘤𝘩𝘪𝘭𝘥ren who wouldn’t be able to manage them or have no real interest in running them.
Speaking during a recent sit down with Wall Street Journal’s CEO Council, Musk shared that he already has a plan in place for his businesses should he pass on.
