Elon Musk gave an interview to The Wall Street Journal. The 53-year-old billionaire said he has no plans to pass on his companies or voting shares to his children. He has already found potential successors in case “something unexpected happens to him.

“I’m definitely not one of those people who automatically give their children a stake in companies if they have no interest, desire or ability to run the company. I think this is a mistake,” Musk said.

Elon Musk has nine children. Little is known about them. Four are still too young to notice their interest in the business. The two heirs of the Tesla founder, Xavier and Griffin, have crossed the threshold of adulthood. The first renounced his parent, but the second, according to foreign media reports, plans to continue his father’s business.

Also in the interview, Elon Musk urged investors not to get their hopes too high for the cryptocurrency DOGE. He believes that such investments could entail risks. However, the billionaire openly admitted that Dogecoin is particularly attractive to him among all digital assets, as this coin is associated with a dog theme and has elements of humor.

“I don’t advise anyone to buy cryptocurrency or bet on Dogecoin,” said Elon Musk.