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Share with friends and circles of friends with wechat scanning QR code < / P > < p > on July 17, before Elon Musk, CEO of Tesla, launched tens of billions of dollars of bidding around twitter, another internal struggle on how to manage his huge wealth of $230billion also quietly broke out. Igor kurganov, a former professional gambler, became a senior adviser to Musk's charitable donations, while Jared Birchall, its wealth manager and a key figure in funding the acquisition of twitter, hoped to get him out

at the age of 48, Bechar is an unsmiling wealth manager. He has become one of Musk's main deputies, and the two are very close. In the daily track of Tesla CEO, Bechar provided him with many crucial suggestions. But at the same time, musk is also increasingly dependent on a new adviser, the 34 year old Russian born former professional gambler kurganov. During the outbreak of the COVID-19, kurganov stayed at Musk's residence. They often talked late into the night to discuss how the world's richest man should use his wealth. He suggested that the donation method known as "effective altruism" should help save the earth

although kurganov has no expertise in finance or security, suddenly, he has become the core determinant of musk in both fields. Kurganov moved from London to Texas, and appointed new people to strengthen some of Musk's security elements. Before long, musk told Bechar that he was deeply attracted by the young man's idea and needed him to manage his charitable donations. This means that Musk's huge private wealth (currently about $230billion) will be diverted out

Bechar noticed this and told his boss, "Elon, you'd better not do that." The contest between these two confidants and their struggle to gain Musk's more trust give us a glimpse of the usual chaos in Musk's core circle. As Musk's $44billion bid for twitter reveals, the entrepreneur may be able to make quick choices easily, and he can reverse these decisions as quickly as he can do multiple-choice questions. Now, the deal has become precarious, musk is trying to exit, and Twitter is suing him to complete the acquisition

obviously, musk was encouraged by the team composed of traders, subordinates and changing friends in turn. The energy and personal wealth of these people are closely related to whether they have a close relationship with musk, and these people are also people who have worked with musk. The two core circle members clearly pointed out the completely opposite direction for musk

Bechar is an Eagle Scout (the oldest first-class organization in the American Boy Scouts), is also a Mormon, and does not smoke or drink. As a child, he joined the song and dance troupe known as "bochal family singers" and toured California. Kurganov is a big gambler. It is said that he won more than 18million dollars in poker competitions. He has long hair and beard and has a calm manner. Kurganov once mentioned in a podcast interview that he dropped out of school because of excessive drug use

last winter, musk found a balance between the two. He allowed kurganov to manage $5.7 billion worth of Tesla shares, and musk promised to eventually donate these shares to charities. The rest of Musk's total assets are still under the jurisdiction of Bechar. However, it is said that this distribution of power is not the core of their quarrel

ultimate spokesman

as a person with huge assets, musk does not attract attention in the field of charity. Compared with technology tycoons such as Microsoft co-founder Bill Gates and Amazon founder Jeff Bezos, musk has almost no specific donation strategy

information available in the last 12 months shows that Musk's Private Foundation donated $23.6 million in fiscal 2020. The Forbes rich list shows that this money accounts for about 0.02% of Musk's net assets. Although musk is considered to value his personal adviser most, the person in charge of his huge wealth management power has always been Bechar since 2016, and he is one of the longest serving people in Musk's core circle

Borchard played a role equivalent to Musk's "ultimate spokesman", helping him deal with large and small problems in every detail. Birchar graduated from Brigham Young University with a major in finance and worked at Merrill Lynch for 12 months. He was later dismissed because the agency said in a submission that he "sent letters to clients without management approval"

Bechar finally entered the field of non-public wealth and met musk more than 20 years ago, when he worked as a shopping consultant in Morgan Stanley's southern California Office. According to people close to musk, when the Tesla co-founder was in financial difficulties, Bechar helped him obtain a large number of loans from financing financial institutions, which left a deep impression on musk. About six years later, musk founded a personal brokerage company to handle his personal cash affairs. At that time, he entrusted Bechar to manage the company

however, the work bochar did for musk sometimes plunged employers into public disputes and lawsuits. After a British explorer criticized musk for providing supplies to rescue the youth football team trapped in the cave in 2018, Bechar hired a private investigator to investigate it according to court records. Musk later tweeted that he was a "pedophile", although he later apologized and said it was a joke. The cave Explorer sued musk for libel in federal court in Los Angeles, but failed

in addition to managing Musk's property, Bechar is also the director of its tunneling company, boring Co., and the CEO of neuralink, Musk's brain computer interface startup. The company's goal is to manufacture thought implants that may be used by quadriplegic patients to manage personal computers or different items

when musk announced that he would move from California to Texas in 2020, Bechar also moved his family there. Since then, he has become the closest contact channel for musk to meet the public in the Texas capital. He is responsible for corporate affairs and represents Musk on various occasions. TYS, former CEO of Silicon Valley labs, a semiconductor manufacturer in AustinOn Tuttle) said, "the other people you can contact who are close to musk will not return your phone calls, with the exception of Bechar."

joined musk fund

kurganov first got along well with musk in social occasions. Born in Russia, he moved to Germany and grew up there at the age of 4. His parents are both business engineers. In his twenties, kurganov became a poker expert and enjoyed a certain reputation. Other poker players said that since 10 years ago, he has enjoyed high-risk tournaments in Las Vegas and has been winning. In 2012, when kurganov won a prize of 1.08 million euros in Monte Carlo, he began to become famous. Players said that he was often regarded as an aggressive player and was respected by others

one of the players named Dan Smith said, "kurganov is very willing to play cards and is willing to make big moves." Although he stayed in Las Vegas for a long time, his image did not match the stereotype there. One person who knows him said that he is usually dragged into lengthy philosophical dialogues because artificial intelligence (AI) is emerging in poker. Kurganov believes that it is possible to build an AI program, which can even beat the human poker champion

in an interview in 2015, kurganov mentioned that he was developing an accounting application for poker players. In addition, he also co founded an organization called reg, which aims to help poker players, fantasy sports game players and financial professionals find accurate charities to donate their bonuses according to the archived website. The core of the organization is efficient altruism, which is a giving strategy

poker players said that kurganov's social life revolved around his long-term partner, poker player liv boeree. Borui is a long-term friend of record artist Grimes, who began to fall in love with musk in 2018. Around that time, Borui became one of the few people musk followed on twitter. According to poker commentator Joe Stapleton, Borui was ecstatic

after that, the two couples began to spend time together. Musk and kurganov both like to participate in the "burning man festival", which is a desert celebration that they usually participate in. Meanwhile, Borui and Grimes kept quiet, and both women posted group photos on social media. Borui did not respond to a request for comment, and Grimes could not be reached When the epidemic struck, kurganov and musk came closer. Kurganov put forward an imaginative and prescient strategy. Through this strategy, he may be able to help musk combine his curiosity about science with his huge wealth. Musk is thought to be very curious about the new concept, and he is very interested in the strategic prospects proposed by kurganov. To this end, he provided kurganov with a job to review the funding application of his foundation. After musk moved to Texas, kurganov and Borui quickly took him in

responsible for the "donation decision" < /p > < p > two years after his retirement from the poker industry, kurganov had an official e-mail account with musk foundation and was closely watched by many charities. At that time, he made contact with Chris Carberry, CEO of explore Mars, a non-profit organization. The organization tried to raise $600000 to help an Afghan female robot team evacuate

kurganov is skeptical about this price. He wrote in an email: "as for the price, I want to know the specific cost. In addition to the air ticket cost, I think there will be additional costs, and the total cost is proportional to the number of people." Cabery was disappointed, but did not give up. In another email, he wrote to a subsidiary, "we have recently had effective cooperation with kurganov, who is responsible for daily donation decisions."

however, in Bechar's view, it is not feasible to have multiple people in charge of Musk's wealth. Legally speaking, kurganov is the person in charge of the donation project. He found that although kurganov was just a newcomer, suddenly, he had a huge impact on Musk's funds. Bechar also realized that an FBI agent had begun a preliminary investigation into kurganov as part of his work to investigate the intervention of overseas forces in American enterprises. However, kurganov was not charged with misconduct. People familiar with the matter said that Bechar was worried that musk might be involved in a federal investigation < p > this spring, bochar once again insisted on his own view and opposed kurganov's joining. In Bechar's view, it is inappropriate for kurganov to play a core role in Musk's $5.7 billion stock pledge. During this period, during Musk's bidding for twitter, Bechar always stayed with musk. He helped arrange billions of dollars in financing loans and introduced the future development direction of this social network service to shareholders and traders on behalf of musk In April, Musk's bid for twitter required him to invest tens of billions of dollars in private funds, which required him to consider more carefully. At the same time, Tesla's share price began to decline, because the market fell again, causing Musk's net asset value to shrink. In May this year, Bechar asked musk to cancel the appointment of kurganov. Other advisers also confirmed that musk agreed to let kurganov leave. In the end, Musk's money was not spent on measures related to effective altruism, and kurganov was closed six weeks ago in Musk Foundation's email. (small)

2023-03-22 10:04:54