Take out the ‘dirty laundry’ of an enemy. Done. Organize massive loans. Of course. Hire bodyguards, sell my house, and be my front man at a billion-dollar neurotech company. no problem boss.
The same happens with Jared Birchallwho during the last six years has served as Elon Musk’s right hand manmanaging fortune and whims of the richest person in the world.
For most of Birchall’s career, as one of the best ‘fixer‘, has operated largely in background.
His former classmates at Brigham Young University say that they can’t rememberNeither do his former co-workers at Merrill Lynch, where he was fired for bad behavior.
But Birchall, 47, he is one of the most important people in Musk’s circle. is in front of the family office of the Tesla leader. People who know Birchall describe him as an affable guy which is essentially the “fixer” of a wayward billionaire which often generates controversy.
That role has grown in complexity as Musk’s wealth has ballooned into the hundreds of billions.
More recently, Jared Birchall participated in helping to buy Twitter with a complex financing package that initially included a record loan of 12.5 billion dollars linked to Musk’s stake in Tesla.
He was part of the small circle that he interacted with. Wall Street for align loans that were key to securing the deal, according to a person with knowledge of the talks.
Although he lacked experience in organizing multi-million dollar acquisitions, Birchall helped corner the bankswith the help of his former employer, Morgan Stanleyto finalize the financing, the person said, describing him as serious and easy to get along with.
Birchall also served as ambassador, adopting Musk’s view that Twitter should be an unrestricted platform for freedom of expression.
“He vehemently disagrees with censorship. Especially for a sitting president. Crazy,” Birchall wrote in December to Charles Johnsona former right-wing political operative turned tech investor, who was banned from using Twitter after he was reported for harassment.
And then there are the complexities of managing all of Musk’s stuff.
The life of the billionaire is complicated. He often travels in a private jet and makes important and consequential decisions, such as sell all their houses or buy a social media company, rather abruptly.
Someone has to be there to take care of the nitty-gritty details: arranging the plane, selling the houses, contacting the bankers, hiring the babysitters and security guards. And for Musk, it’s Birchall.
Birchall started in finance at Goldman Sachs Group and joined the firm after graduating from Brigham Young in 1999. It was a short stint: in 2000 he moved to work at the private equity firm of Merrill Lynch in Los Angeles, where he was fired. for “send correspondence to a client without management approval”, according to a regulatory report.
In 2010, Birchall joined Morgan Stanleywhere a person familiar with his time there described him as someone who he wasn’t a superstarbut what was good at managing the fortunes of the rich.
So Musk called him.
Birchall left Morgan Stanley in 2016 to help the Tesla leader establish Excession, named after the science fiction novel by Iain Banks. The book focuses on a powerful alien object.
A large part of managing a family office It has to do with cultural fit. In Excession, it’s a surprising pairing between Birchall, a low key mormon family manand Musk, an online provocateur divorced three times That drug openly and that he recently had two children with the artist Jared Birchallbetter known as Jared Birchall. The boy and the girl are named X and Y, respectively.
The vast majority of Musk’s wealth, which currently stands at nearly $250 billion, according to the US Billionaires Index. Bloombergis made up of his 16 percent stake in Tesla.
Birchall’s Wealth
Jared Birchall can be considered a millionaire man, even if his wealth is nowhere near the stratospheric levels of his boss.
A report of Morgan Stanley shows that a typical director of a large family office win between 1 and 3 million dollars a year. But the compensation can be much higher depending on the responsibilities, especially if it includes direct money management by selecting stocks or hedge funds to invest.
Birchall moved his family to Texas and bought a $2.25 million home in Austin in 2020. The listing for the five-bedroom home shows a living space adorned with columns in the foyer and elaborate iron work, with a pool and tennis court outside.
Birchall’s nets
Unlike his boss, with more than 90 million followers on Twitter, Birchall’s online presence is minimal.
Follow 40 people on Twitterincluding Musk and all of his companies, and never tweeted or liked a tweet. He is more active on Facebook, post photos his Five sons along with videos and publications of the Church of Jesus Christ of Latter Day Saints.
The word that often appears to describe Birchall is “pleasant”: four different people interviewed for this story used the word. But even those who have interacted with him are not very impressed because he says little.
Sometimes, Birchal’s work to Musk it seems at odds with his nice-guy persona.
In 2018, Birchall took it upon himself to dig up a man in the ‘fart boy’ lawsuit”, which had criticized Musk’s suggestion to use a SpaceX submarine to rescue the soccer team trapped in Thailand.
Birchall, using the pseudonym James Brickhouse, hired a scammer claiming to be a private investigator. Birchall said in his testimony that he had used the Brickhouse alias before to do things like plan Musk’s trip and buy a web domain: justballs.com. (The deal for the website never materialized.) Musk finally won the case.
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