Elon Musk, the CEO of Tesla, grew up in South Africa and made his way via Canada to the U.S. as a transfer student before attending the Wharton School and becoming the billionaire tech founder he is today. His net worth is. Other companies started by Musk include Neuralink, which is working on developing implantable brainmachine interfaces. In a February 2018 interview with Business Insider South Africa, Musk's father said he did own half share in an emerald mine in Zambia. "We went to . In a 2017 Rolling Stone cover story, the Tesla CEO described his childhood and revealed that he moved in with his father at eight years old after his parents split. Heres his story. On July 28, 2014, Forbes.com published an interview with Elon Musk, which was conducted by Jim Clash. Elon was said to be particularly furious that his father had impregnated his stepsister. I said, Oh, all right. Where is this B.S. We've received your submission. But the emerald mine story keeps coming back. Errol Musk, an engineer, owned a small percentage of an emerald mine and had a couple of good years before the mine went bust and wiped out his investment. Moneycontrol.com, 21 Sept. 2022, https://www.moneycontrol.com/news/trends/elon-musk-hits-out-at-us-professor-over-emerald-mine-claims-idiot-and-liar-9208281.html. But I've been in physical danger before. The story made no further mention of the mine. In times of uncertainty you need journalism you can trust. It would have been great if someone was paying for my college, but my dad had neither the ability nor the inclination to do so. He confirmed the birth of their daughter to The Sun in 2022. I felt sorry for my father, because my mother had all three kids. "Elon Musk Left a South Africa That Was Rife With Misinformation and White Privilege." @spylinen tweeted, The mine was in Zambia, which became independent of the UK in 1964. In a 2019 . First, we have republished past statements from both Errol and Elon. Musk's revelation about his father's financial situation in the '90s comes after a Berkeley professor and former Secretary of Labor, Robert Reich, claimed on Twitter that 'self-made billionaires' are a myth and Musk came from a family that owned an emerald mine in Apartheid South Africa. He just had a rich dad and a got lucky. Kaizer Chiefs to sign more Stellenbosch players? In 2018, Musk also told Business Insider that his father Errol purchased a 50 per cent share in the mine after selling a plane. 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. Sager, Jessica. 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. Former Tesla employee Marcus Vaughn, who worked in the Fremont, California, factory in 2017, alleged that the companys production floor was a hotbed for racist behavior. Supervisors regularly used the N word around Black workers and he said he was fired after complaining to human resources about workplace harassment. odakyu11. 1/2This article is false. Instead, they focus on describing how hard he worked in his teenage years and early adulthood, how much debt he accrued by attending college and his disdain for his father. Get down!'. She won't speak to me or engage me if we're in the same room which we have been often.". Elon Musk has a wild story!" he captioned it. They still dont like it. On an undisclosed date, Errol reportedly shot and killed three of up to a half-dozen armed intruders who broke into his Johannesburg home, according to Rolling Stone. In an interview with Business Insider South Africa, Musk's father Errol Musk said he negotiated his way into having partial ownership of an Emerald mine in Zambia along with other assets. 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.". "I Talked to Elon Musk about Journalism and the Blood Emeralds Story." Standing with the cash in his hand, Errol was made another offer he couldn't refuse: Would he like to buy half an emerald mine for half of his new riches? 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). It is still hard to discern whether this story is true and what conclusions can be drawn. After the divorce, Elon lived with his father in Pretoria, where he attended Pretoria Boys High. It was a lucrative decision. He did the investment after selling a plane for about 80 000. You have no idea. My dad will have a carefully thought-out plan of evil. In the interview, Musk's father explained that he bought his share of the emerald mine after selling a plane. A common story about Musk on social media is that his father owned part of an emerald mine, providing a bedrock of wealth that buoyed Elon up to his current level of success. "I started my first company with $2,500, and I had one computer and a car that I bought for $1,400, and all that debt. This article is actually accurate: https://t.co/eVpCX9V1NB. More answers and details are available in Arnold's article. ", Elon has said one of the reasons he is so skilled at engineering is because of his father. This story will be updated if any further details come to light. Rolling Stone reported in 2017 that Errol was, by his own account, making money in the often dangerous worlds of construction and emerald mining at times so much that he claims he couldnt close his safe.. Twitter, https://twitter.com/elonmusk/. 2021, https://savingjournalism.substack.com/p/i-talked-to-elon-musk-about-journalism. On this Wikipedia the language links are at the top of the page across from the article title. "'We Had so Much Money We Couldn't Even Close Our Safe': Elon Musk's Dad Tells BI about the Family's Insanely Casual Attitude to Wealth." Elon also denied that Errol invested in the company. "I'm naturally good at engineering that's because I inherited it from my father," he told Rolling Stone. [3][4], Musk worked as a pilot, a sailor, an electrical engineer, a mechanical engineer, a consultant, and a property developer, before retiring early. So we got one, thank God at a discount, and with that computer he taught himself, using Disk Operating System, which is DOS, to program, Errol said. And, on at least one occasion, his now famous son also took his hand at dealing in the gems, with peculiar results. Instead Errol returned to South Africa with a half-share in a Zambian emerald mine, which would help to fund his family's lavish lifestyle of yachts, skiing holidays, and expensive computers. Several decades ago, Errol allegedly shot and killed three armed intruders who broke into his Johannesburg home. ERROL IS A RETIRED SOUTH AFRICAN ENGINEER. ", Errol and Elon have an acrimonious relationship. Theyre the same, except for the fact that he is a billionaire, started multiple successful companies and doesnt live in his mothers basement. "Bezos' Comments on Workers after Spaceflight Draws Rebuke." ", The Tesla founder also said there was no way to repair his relationship with his father. Meanwhile, Elon has himself admitted that his father has a very high IQ and is brilliant at engineering. In 2017, he also told Rolling Stone that Errol was the youngest person to get a professional engineers qualification in South Africa., Im naturally good at engineering thats because I inherited it from my father, the worlds richest man stated. At 17, Musk decided to leave home, heading first to Canada and then the U.S. for university. In 1972, Errol was elected to the Pretoria City Council in his native South Africa. Elon has himself admitted that his father has a very high IQ and is brilliant at engineering.. The article's headline was changed in late July or early August 2020, which appeared to be after Errol made his Facebook poston July 27, which called the dated article's claims into question. I can't see any reason not to. On Aug. 17, 2009, The New Yorker printed one of the earliest known searchable records of an emerald mine being tied to the Musk name. Errol Musk said he bought half of an emerald mine after selling a plane. Almost every crime you can possibly think of, he has done. The Musk name might be one of the most recognizable on the planet, but little is known about its patriarch, Errol Musk. In 2018, Errol Musk interviewed Business Insider South Africa, where he told a story about bartering his way into partial ownership of an emerald mine in Zambia. He can't have what he wants and now I am apparently an evil monster.". Aside from that hes just dumb. Eligon, John, and Lynsey Chutel. "He also claims he was getting emeralds from other sources, with only 60-70% coming from this venture." His children were reportedly influenced by his liberal political views. The funny thing is I've not actually been that nervous. Clash, Jim. Elon and other family members have opened up about years of living in debt after they left South Africa. We had so much money at times we couldnt even close our safe, he explained, adding that they would need one person to hold the money in place and another to close the safe door. Black Americans Have the Highest Mortality Rates But Lowest Levels of Life Insurance After his divorce from Elons mother, Errol went on to wed HeideBezuidenhout, a young widow who already had two children, including 4-year-old Jana Bezuidenhout. On March 25, 2021, Elon Musktweetedthat the emerald mine inheritance rumor was false, and that he had arrived by himself in Canada in 1989 "with ~CA$2,500." In addition, they offered Errol a chance to buy partial ownership of a Zambian emerald mine. He was bullied at school. "There's no evidence whatsoever of an 'emerald mine,'" the last part of the tweet read. Copyright 2023 PopCulture.com. The entire episode started when the satirical publication The Onion published a piece on the wealthiest person in each American state. Vance wrote, "For what it's worth, my reporting, based on conversations with hundreds of people, confirms Musk's story. Behind the billions: Errol Musk's net worth, scandals and more
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