For the past six years, Jared Birchall has served as the right-hand man for Elon Musk, handling the fortune and whimsies of the world’s richest person.
an enemy. Done. Arrange massive loans. Sure. Hire bodyguards, sell homes and lead — at least on paper — a billion-dollar neurotechnology company. No problem, boss.
The $44-billion takeover has elevated Musk’s already considerable profile but also focused attention on Birchall.He was part of the tiny circle interacting with Wall Street to line up the loans that were key to securing the deal, according to a person with knowledge of the talks.
In 2010, Birchall joined Morgan Stanley, where one person familiar with his time there described him as someone who wasn’t a superstar, but good at managing the fortunes of the rich.Birchall left Morgan Stanley in 2016 to help the Tesla leader set up Excession, named after the Iain Banks science-fiction novel. The book centres on a powerful alien object, the Excession, that appears and spurs societies to fight over its control.
The vast majority of Musk’s wealth, which currently stands at almost $250-billion, according to the Bloomberg Billionaires Index, is made up of his 16% stake in Tesla. There are typically researchers, a management team and an investing committee on top of a group of people who handle day-to-day tasks such as hiring security or nannies and arranging travel, Mohamed said.
Ronald Gong, a managing partner at Catalyst, is listed on tax forms for Musk’s foundation dating back to 2013. He has been listed as an agent for other entities associated with Musk, like Gatsby LLC, which purchased a home in the San Francisco Bay area for $23.4-million in 2017. That property was the last of Musk’s California homes to be sold after his move to Texas, in a $30-million deal in December. Catalyst, based in Silicon Valley, has opened an office in Austin as well.
Birchall has taken on roles more typical for a head of family office, such as facilitating relationships with the big banks Musk routinely turns to for mega loans. Those have been key to how Musk has grown his fortune, borrowing to fund new ventures instead of being forced to sell Tesla stock. That’s also significantly reduced his tax obligations.
The word that comes up often to describe Birchall is “nice” — four different people interviewed for this story used the word. But even those who have interacted with him aren’t left with much of an impression because he says little.Back in 2018, Birchall was tasked with digging up dirt on man in the “pedo guy” lawsuit, who had criticised Musk’s suggestion of using a SpaceX submarine to rescue the trapped soccer team in Thailand.
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