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On Wednesday, Errol confirmed that he and Jana had welcomed a second child, a daughter who is now 3. 2021, https://www.quora.com/Is-it-true-that-Elon-Musks-family-got-their-wealth-from-apartheid-emerald-mining. I'm going to wait until he comes to his senses. In addition, they offered Errol a chance to buy partial ownership of a Zambian emerald mine. " he told the outlet. He also called the whole rumor "BS.". Father and son have a complicated history. The Daily Mail has reported that Errol was a multimillionaire before the age of 30. Elon Musk's father planned to fly a plane from South Africa to England and sell it once they got there. Almost every evil thing you could possibly think of, he has done.". Errol Musk Net Worth: Inside the Fortune of Elon Musk's Dad Errol Musk, the father of Elon Musk, told British tabloid The Sun Wednesday that he had a second and previously-unknown child with his stepdaughter, Jana Bezuidenhout, in 2019 leaving many. They also emphasize anecdotes from Elon and his mother about the hard work and squalor they endured in Canada in those years. The article was republished in several other newspapers around the U.S. He didnt own an emerald mine, and I worked my way through college, ending up [around] $100,000 in student debt, Elon tweeted. 2023 The Moguldom Nation. While the story merely pointed to the facts that apartheid existed at the time and the Musk family made money from emerald mining, Musk to his frustration has found it hard to brush off the narrative of his wealth being linked to apartheid. He also added, "'Self-made billionaires' are a myth." He told me over and over that I was stupid, ugly, boring. * The headline of this article was updated toreflect that the Musk family once owned the mine in question, and no longer do. Elon Musk: The Truth About His Dad and Emerald Mines, Amy Robach and T.J. 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Musk, Bezos, Gates: How these billionaires got their start The most direct address was a tweet that said his father "didn't own an emerald mind [and] I worked my way through college, ending up ~$100k in student debt.". They never made it to their destination. We reached out to Reich to ask if he could provide evidence of his assertion, but did not receive a response before this story was published. It is often claimed that Musk's father, Errol Musk, once owned shares in a Zambian emerald mine, and that Musk subsequently enjoyed an . Ask him." Beyond that, we were unable to find any evidence that showed money generated from his father's involvement in the mine helped Elon build his wealth in North America. "We were going to fly into Jeddah and there was a religious holiday, and they said if we come in now we have to pay $2,000, but if we wait 10 days we can come in at no charge," he recalled to Business Insider. Musk may not be a great guy, but I fail to see any apartheid link to his fathers emerald mine., @grard97 tweeted, Remind: Elon Musk owns an electric and autonomous car companyA private space landing rockets companyAn AI companyA Neuroscience companyA Solar Panel and energy storage companyThe WHOLE bank on the internet was started by him (yes, your credit card as well), @C49015142 tweeted, I thought I read in Malcolm Gladwells book David and Goliath that his company received $500 million from the US government, so we are all subsidizing him. ", Five days later on Feb. 28, Business Insider SA published a second article with the headline, "Elon Musk's family owns an emerald mine in Zambia here's the fascinating story of how they came to own it.". The funny thing is I've not actually been that nervous. ", The Tesla founder also said there was no way to repair his relationship with his father. Since at least 2018, a rumor has been shared online about Tesla CEO and Twitter owner Elon Musk in regard to his father's purported past ownership of an "apartheid emerald mine" or "slave emerald mine." This is a pretty awful lie. So we went to this guy's prefab and he opened his safe and there was just stacks of money and he paid me out, 80,000, it was a huge amount of money, he said. He talks about the risk factors for Bitcoin as an investment asset including origin risk, speculative market structure, regulatory, and environment. He also sent a link to another interview he did with Elon in 2016. Note: Reporting from Esquire.com said that Elon moved from South Africa to Canada in 1988. You can cancel anytime and if you cancel within 14 days you won't be billed. Musk, Elon. The wealth earned from the investment in the mine was quantified to be about $400,000 USD, taking into account inflation when Arnold's piece was written in 2021, according to Errol. ---. Errol Musk said he bought half of an emerald mine after selling a plane. Errol Musk, the familys patriarch, is in the news after confirming he fathered a second secret love child with his stepdaughter, Jana Bezuidenhout, 35. First, we have republished past statements from both Errol and Elon. According to the Internet Archive, the article was still available months after it was published, onSept. 1, 2014, but was gone by Sept. 18. He just had a rich dad and a got lucky. Friend, Tad. He also co-founded PayPal, which means a Twitter user said The WHOLE bank on the internet was started by him (yes, your credit card as well). On their way to England, Errol and his copilot got word that their original flight plan was going to cost a lot of money. Maye and Errol divorced in 1980 when Elon was about 9 years old. If I could have another child I would. We also reached out to both men for additional comment and to ask if they could potentially provide any evidence that would support their statements, even though they didn't start the rumor. Musk's father, Errol, an engineer, married Maye when she was 22, and Musk was born shortly . For 14 free days, you can have access to a world of in-depth analyses, investigative journalism, top opinions and a range of features. Several respondents on social media disputed the emerald mine and privileged-lifestyle story, defending Musks intelligence and questioning the intelligence of the person who started the thread. While the story did mention the family once lived in a popular suburb, the article said nothing of the emerald mine providing wealth to the son when he moved to Canada in 1988, or to the U.S. in 1992. So I became a half owner of the mine, and we got emeralds for the next six years., When the Tesla CEO was around 16 years old, he and his brother Kimbal sold two emeralds to Tiffany & Co. on Fifth Avenue in New York City while Errol snoozed, according to what Musk's father told Business Insider South Africa. After the divorce, Elon lived with his father in Pretoria, where he attended Pretoria Boys High. On July 3, 2020, Elon tweeted about the subject again, responding to a since-deleted tweet with, "I don't have an 'emerald mine,' nor was I given free money from anyone, inheritance or otherwise. For a while, I thought things were so obvious that everyone must know this., However, Elon has disputed claims that he grew up with a silver spoon in his mouth. Musk, Errol. Elon Musk isn't innovative. One thing most of us can agree on is that there is a more nuanced conversation to be had about how Musk specifically and South Africas white population in general, even those who didnt own mines benefitted from apartheid. "I screwed up the marriage, I was totally responsible. An avid pilot and sailor, as well as an electrical and mechanical engineer, he made his money consulting and developing properties and retired early. "And then there'd still be all these notes sticking out and we'd sort of pull them out and put them in our pockets.". Get to Know Errol Musk, Elon's "Brilliant," "Terrible" Father - MSN Related stories Making better AI is Elon Musk's new object of . They still feel a bit creepy about it., They still dont like it, Errol admitted in a new interview withthe Sun: They still feel a bit creepy about it because shes their sister. The Musk name might be one of the most recognizable on the planet, but little is known about its patriarch, Errol Musk. "My [former] wife doesn't speak to me, even when we're together, she won't speak to me, so we haven't spoken to one other for 37 years. Did Elon Musk's Father Really Own Half of an Emerald Mine? - Market Realist How Elon Musk made his money - from emeralds to SpaceX and Tesla I tried threats, rewards, intellectual arguments, emotional arguments, everything to try to change my father for the better, and he no way, it just got worse., Errol subsequently told the publication in an email: Ive been accused of being a Gay, a Misogynist, a Paedophile, a Traitor, a Rat, a St (quite often), a Bastard (by many women whose attentions I did not return) and much more. Elon called the story "actually accurate." ", Elon has said one of the reasons he is so skilled at engineering is because of his father. Who Is Elon Musk's Dad Errol Musk? | Entrepreneur "We were very wealthy. In the interview, Musk's father explained that he bought his share of the emerald mine after selling a plane to a group of Italians. According to reporting we reviewed, the stake his father had in the emerald mine appeared to have both started and ended in the 1980s. Elon Musk denies his family's emerald mine ever existed He will plan evil. Elon may have been 6 or 7 years old at the time and begged his dad to get him a ticket to a very early computer conference in South Africa. And thats when Musk's father was offered half an emerald mine in return for half of his earnings. In an email to Rolling Stone, Musk's father said he smacked the Tesla CEO only once and on the bottom. He also said that the only criminal charges that had been filed against him from when he killed three home invaders in self-defense had been cleared. "Elon Musk's Family Once Owned an Emerald Mine in Zambia Here's the Fascinating Story of How They Came to Own It." Elon was said to be particularly furious that his father had impregnated his stepsister. Facebook, 27 July 2020, https://www.facebook.com/errol.musk/posts/10218340000911015. However, again, the story was at least partially unavailable on that website, too. But the emerald mine story keeps coming back. Elon Musk sets record straight on emerald mine and - TESLARATI