Former Morgan Stanley banker runs Excession, the world’s richest man’s asset management company, which will become the owner of Twitter, among other things.
With billionaires and rich families usually have their own asset management companies, i.e. family officensafrom which own assets are invested.
World the richest man Elon Muskin the investment assets are managed from a small Texas company.
On Monday, Musk confirmed it would buy a somebody on Twitter for $ 44 billion. At the same time, he plans to take Twitter off the stock market.
According to an announcement submitted to the authorities last week, the ownership of Twitter would be transferred to the ownership of the Texas asset management company Reuters, the news agency Reuters said on Monday.
Excession is a lot Jared Birchallin built by Reuters, Reuters estimates.
Born in 1974, Jared Birchall joined Muskin Excession Asset Management in 2016 from Morgan Stanley.
Birchall is also behind several other Musk companies.
Prior to Morgan Stanley, Birchall has worked for Goldman Sachs and Merrill Lynch, among others, as an investment banker.
Morgan Stanley Investment Bank has been leading the fundraising and operation in the acquisition of Twitter.
According to government sources, Birchall did not take over the leadership of the Excession until last year, Reuters says.
Managers of a personal asset management company are typically the most important creditors of the owners.
Birchall and Musk did not want to comment on the data to Reuters.
Reuters according to Birchall, he has made a number of other arrangements related to Musk as well.
For example, he hired a detective to investigate the backgrounds of a person who criticized Musk after Musk had insulting that person as a “beast guy” in 2018.
In a lawsuit that ended, the British diver in question had accused Muski of offering his SpaceX mini-submarine to help with the rescue operation after the boys ’football team was trapped in a cave in Thailand.
Musk won the defamation lawsuit against him.
Elon According to Musk, Excession is just a couple of employees ’wealth management house.
By comparison, the founder of Amazon Jeff Bezosin the asset management company employs more than a hundred people, according to Reuters.
Excession means unreasonableness or excess in Finnish. It is also about artificial intelligence John M. Banksin name of the book.
Musk was seen walking with that book in his hand at a 2015 conference in Sun Valley, Idaho, Reuters reports.
Elon Muskin the value of the property was a news agency According to Bloomberg’s billionaire listingn on Tuesday $ 257 billion.