Futures
Access hundreds of perpetual contracts
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Pre-IPOs
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Promotions
AI
Gate AI
Your all-in-one conversational AI partner
Gate AI Bot
Use Gate AI directly in your social App
GateClaw
Gate Blue Lobster, ready to go
Gate for AI Agent
AI infrastructure, Gate MCP, Skills, and CLI
Gate Skills Hub
10K+ Skills
From office tasks to trading, the all-in-one skill hub makes AI even more useful.
GateRouter
Smartly choose from 30+ AI models, with 0% extra fees
You know that story about Elon Musk's dad and the emerald mine that's been floating around forever? The one where Errol supposedly had so much cash they literally couldn't close their safe? Yeah, there's a wild disconnect there that's pretty fascinating when you dig into it.
So Errol's version goes like this: back in the day, the family was loaded. Like, absurdly loaded. He talks about teenage Elon and Kimbal casually walking into Tiffany & Co. with emeralds in their pockets, selling them for quick cash. One time, Elon allegedly sold two stones for $2,000 and later found one of them in a display case marked up to $24,000. The whole safe story is pretty memorable - money so plentiful they had to physically hold it down while closing the door.
But here's where it gets interesting: Elon's account of his own net worth trajectory and his dad's financial situation tells a completely different story. Back in 2022, he basically called out his father's emerald mine narrative, saying there's zero evidence it ever existed. No records, no one's ever actually seen it. According to Elon, his father's engineering business did okay for a while, but things deteriorated significantly over the decades. The kicker? Both Elon and Kimbal have been financially supporting their father for years now, with conditions attached.
It's kind of the opposite of what you'd expect from someone with Elon Musk's dad net worth situation - instead of generational wealth flowing down, it's flowing up. Elon describes growing up middle to upper-middle class, comfortable but not the opulent picture his father paints. No major inheritance, no big financial gifts. Just a childhood that had money but apparently lacked happiness.
Fast forward to today: Elon's one of the richest people alive, Tesla, SpaceX, all that. Meanwhile Errol's relying on his sons to pay his bills. The family wealth narrative is basically inverted from what the emerald mine story suggested. Pretty wild how different two people can remember the same family's financial reality.