Beautiful Virgin Islands

Wednesday, Aug 27, 2025

"Didn't Have Happy Childhood": Elon Musk On Financial Situation While Growing Up

"Didn't Have Happy Childhood": Elon Musk On Financial Situation While Growing Up

Elon Musk said that his father, Errol Musk, "did not support me financially after high school in any meaningful way."
Billionaire Elon Musk, who owns and manages several companies like Twitter, Tesla and SpaceX has always been vocal about his journey from a student to an entrepreneur. However, there is a long-running rumour that claims Elon Musk's father owns an emerald mine in South Africa and has given Mr Musk financial assistance. These rumours gained momentum after Elon Musk's father, Errol, said in an interview that he used emeralds from an "under the table" mine in Zambia to finance his son's escape from South Africa to America. The billionaire has once again quashed the rumours and said he has not "inherited anything ever from anyone".

Mr Musk revealed this in response to a user's tweet who had disputed that he came to the US with "no money and graduated with over $100k in debt, despite scholarships & working 2 jobs while at school." The user wrote, "I strongly support the community notes and all this work but this time I don't understand it! Even having a wealthy family, a student can have a lot of financial difficulties. On the other hand, the cited source is not reliable at all."

The CEO of the microblogging platform said, "I grew up in a lower, transitioning to upper, middle-income situation, but did not have a happy childhood. Haven't inherited anything ever from anyone, nor has anyone given me a large financial gift. My father created a small electrical/mechanical engineering company that was successful for 20 to 30 years, but it fell on hard times. He has been essentially bankrupt for about 25 years, requiring financial support from my brother and me."


Mr Musk credited his father for teaching him the fundamentals of physics, engineering and construction, which, for him, is "more valuable than money". He, however, stated that Mr Errol Musk "did not support me financially after high school in any meaningful way." He said in the tweet, "Our condition of providing him financial support was that he not engage in bad behavior. Unfortunately, he nonetheless did. There are young children involved, so we continued to provide financial support for their well-being."

Further, he threw light on the "emerald mine" and said that there is no objective evidence for the same or any records of its existence. "Regarding the so-called "emerald mine", there is no objective evidence whatsoever that this mine ever existed. He told me that he owned a share in a mine in Zambia, and I believed him for a while, but nobody has ever seen the mine, nor are there any records of its existence. If this mine was real, he would not require financial support from my brother and me," he concluded.

Maye Musk, the mother of the billionaire, provided further details on their initial days. She said in a tweet, "When we moved to Toronto in 1989, we stayed in a one-bedroom apartment until I found a rent-controlled apartment, which took us three weeks to clean up. We all worked, were happy and optimistic. The first I heard of an emerald mine was on @Twitter about 10 years ago."


A few days ago, Mr Musk had decided to pay a million in Dogecoin to anyone who could prove the existence of the mine his dad supposedly owned.
Newsletter

Related Articles

Beautiful Virgin Islands
0:00
0:00
Close
Manhunt in Australia: Armed Anti-Government Suspect Kills Police Officers Sent to Arrest Him
China Launches World’s Most Powerful Neutrino Detector
How Beijing-Linked Networks Shape Elections in New York City
Ukrainian Refugee Iryna Zarutska Fled War To US, Stabbed To Death
Elon Musk Sues Apple and OpenAI Over Alleged App Store Monopoly
2 Australian Police Shot Dead In Encounter In Rural Victoria State
Vietnam Evacuates Hundreds of Thousands as Typhoon Kajiki Strikes; China’s Sanya Shuts Down
UK Government Delays Decision on China’s Proposed London Embassy Amid Concerns Over Redacted Plans
A 150-Year Tradition to Be Abolished? Uproar Over the Popular Central Park Attraction
A new faith called Robotheism claims artificial intelligence isn’t just smart but actually God itself
Deputy Prime Minister Angela Rayner Purchases Third Property Amid Housing Tax Reforms Debate
HSBC Switzerland Ends Relationships with Over 1,000 Clients from Saudi Arabia, Lebanon, Qatar, and Egypt
Sharia Law Made Legally Binding in Austria Despite Warnings Over 'Incompatible' Values
Italian Facebook Group Sharing Intimate Images Without Consent Shut Down Amid Police Investigation
Dutch Foreign Minister Resigns Amid Deadlock Over Israel Sanctions
Trump and Allies Send Messages of Support to Ukraine on Independence Day Amid Ongoing Conflict
China Reels as Telegram Chat Group Shares Hidden-Camera Footage of Women and Children
Sam Nicoresti becomes first transgender comedian to win Edinburgh Comedy Award
Builders uncover historic human remains in Lancashire house renovation
Australia Wants to Tax Your Empty Bedrooms
MotoGP Cameraman Narrowly Avoids Pedro Acosta Crash at Hungarian Grand Prix
FBI Investigates John Bolton Over Classified Documents in High-Profile Raids
Report reveals OpenAI pitched national ChatGPT Plus subscription to UK ministers
Labour set to freeze income tax thresholds in long-term 'stealth' tax raid
Coca‑Cola explores sale of Costa coffee chain
Trial hears dog walker was chased and fatally stabbed by trio
Restaurateur resigns from government hospitality council over tax criticism
Spanish City funfair shut after serious ride injury
Suspected arson at Ilford restaurant leaves three in critical condition
Tottenham beat Manchester City to go top of Premier League
Bank holiday heatwave to hit 30°C before remnants of Hurricane Erin arrive
UK to deploy immigration advisers to West Africa to block fake visas
Nurse who raped woman continued working for a year despite police alert
Drought forces closures of England’s canal routes, canceling boat holidays
Sweet tooth scents: food-inspired perfumes surge as weight-loss drugs suppress appetites
Experts warn Britain dangerously reliant on imported food
Family of Notting Hill Carnival murder victim call event unmanageable
Bunkers, Billions and Apocalypse: The Secret Compounds of Zuckerberg and the Tech Giants
Ukraine Declares De Facto War on Hungary and Slovakia with Terror Drone Strikes on Their Gas Lifeline
Animated K-pop Musical ‘KPop Demon Hunters’ Becomes Netflix’s Most-Watched Original Animated Film
New York Appeals Court Voids Nearly $500 Million Civil Fraud Penalty Against Trump While Upholding Fraud Liability
Elon Musk tweeted, “Europe is dying”
Far-Right Activist Convicted of Incitement Changes Gender and Demands: "Send Me to a Women’s Prison" | The Storm in Germany
Hungary Criticizes Ukraine: "Violating Our Sovereignty"
Will this be the first country to return to negative interest rates?
Child-free hotels spark controversy
North Korea is where this 95-year-old wants to die. South Korea won’t let him go. Is this our ally or a human rights enemy?
Hong Kong Launches Regulatory Regime and Trials for HKD-Backed Stablecoins
China rehearses September 3 Victory Day parade as imagery points to ‘loyal wingman’ FH-97 family presence
Trump Called Viktor Orbán: "Why Are You Using the Veto"
×