TechDigits

Tech news
Monday, May 20, 2024

"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

TechDigits
0:00
0:00
Close
FTX's Bankman-Fried headed for jail after judge revokes bail
America's First New Nuclear Reactor in Nearly Seven Years Begins Operations
Southeast Asia moves closer to economic unity with new regional payments system
Today Hunter Biden’s best friend and business associate, Devon Archer, testified that Joe Biden met in Georgetown with Russian Moscow Mayor's Wife Yelena Baturina who later paid Hunter Biden $3.5 million in so called “consulting fees”
Google testing journalism AI. We are doing it already 2 years, and without Google biased propoganda and manipulated censorship
Musk announces Twitter name and logo change to X.com
The future of sports
TikTok Takes On Spotify And Apple, Launches Own Music Service
Hacktivist Collective Anonymous Launches 'Project Disclosure' to Unearth Information on UFOs and ETIs
Typo sends millions of US military emails to Russian ally Mali
Server Arrested For Theft After Refusing To Pay A Table's $100 Restaurant Bill When They Dined & Dashed
Democracy not: EU's Digital Commissioner Considers Shutting Down Social Media Platforms Amid Social Unrest
Sarah Silverman and Renowned Authors Lodge Copyright Infringement Case Against OpenAI and Meta
Why Do Tech Executives Support Kennedy Jr.?
The New York Times Announces Closure of its Sports Section in Favor of The Athletic
Florida Attorney General requests Meta CEO's testimony on company's platforms' alleged facilitation of illicit activities
The Poor Man With Money, Mark Zuckerberg, Unveils Twitter Replica with Heavy-Handed Censorship: A New Low in Innovation?
The Double-Edged Sword of AI: AI is linked to layoffs in industry that created it
US Sanctions on China's Chip Industry Backfire, Prompting Self-Inflicted Blowback
Meta Copy Twitter with New App, Threads
BlackRock Bitcoin ETF Application Refiled, Naming Coinbase as ‘Surveillance-Sharing’ Partner
UK Crypto and Stablecoin Regulations Become Law as Royal Assent is Granted
A Delaware city wants to let businesses vote in its elections
Alef Aeronautics Achieves Historic Milestone with Flight Certification for World's First Flying Car
Google Blocked Access to Canadian News in Response to New Legislation
French Politicians Advocate for Pan-European Regulation on Social Media Influencers
Melinda French Gates Advocates for Increased Female Representation in AI to Prevent Bias
Snapchat+ gains 4 million paying subscribers in its first year
Apple Makes History as the First Public Company Valued at $3 Trillion
Elon Musk Implements Twitter Limits to Tackle Data Scraping, but Faces Criticism for Technical Misunderstanding
EU and UK's Slow Electric Vehicle Adoption Raises Questions About the Transition to Green Mobility
Top Companies Express Concerns Over Europe's Proposed AI Law, Citing Competitiveness and Investment Risks
Meta Unveils Insights on AI Usage in Facebook and Instagram, Amid Growing Calls for Transparency
Crypto Scams Against Seniors Soar by 78% in 2022, Experts Urge Vigilance
The End of an Era: National Geographic Dismisses Last of Its Staff Writers
Shield Your Wallet: The Perils of Wireless Credit Card Theft
Harvard Scientist Who Studies Honesty Accused Of Data Fraud, Put On Leave
Putting an End to the Subscription Snare: The Battle Against Unwitting Commitments
The Legal Perils of AI: Lawyer Faces Sanctions for Relying on Fictional Cases Generated by Chatbot
ChatGPT’s "Grandma Exploit": Ingenious Hack Exposes Loophole in AI, Generates Free Software Codes
The Disney Downturn: A Near Billion-Dollar Box Office Blow for the House of Mouse
A Digital Showdown: Canada Challenges Tech Giants with The Online News Act, Meta Strikes Back
Distress in the Depths: Submersible and Passengers Missing in Titanic Wreckage Expedition
Mark Zuckerberg stealing another idea: Twitter
European Union's AI Regulations Risk Self-Sabotage, Cautions smart and brave Venture Capitalist Joe Lonsdale
Nvidia GPUs are so hard to get that rich venture capitalists are buying them for the startups they invest in
Chinese car exports surge
Reddit Blackout: Thousands of Communities Protest "Ludicrous" Pricing Changes
Nvidia Joins Tech Giants as First Chipmaker to Reach $1 Trillion Valuation
AI ‘extinction’ should be same priority as nuclear war – experts
×