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There's this fascinating contradiction at the heart of the Musk family story that keeps coming up, and honestly it's wild how different the two versions are.
So Errol Musk, Elon's dad, tells these stories about having so much money back in the day that they literally couldn't close their safe. Like, they'd have to hold cash in place while someone slammed the door, and even then bills would be sticking out everywhere. He claims he owned an emerald mine in Zambia and that teenage Elon would casually walk into places like Tiffany & Co. with emeralds in his pockets, selling them for thousands. One story has Elon selling two emeralds for $2,000, then seeing one of them in a Tiffany window marked up to $24,000.
But here's where it gets interesting. Elon's version of his own background is basically the complete opposite. In a 2022 tweet, he addressed all this directly and said there's no actual evidence the emerald mine ever existed. He claimed that while his father did run a successful electrical and mechanical engineering business for a while, he never inherited anything substantial or got major financial gifts from him. In fact, Elon said the opposite happened - his father's situation got worse over the decades, bad enough that both Elon and his brother Kimbal ended up having to support him financially.
So did Elon Musk come from old money? According to his own account, not really. He describes growing up middle-income, maybe upper-middle class eventually, but nothing like the overflowing-safe narrative his father pushes. And definitely nothing that made him happy. The way he tells it, his father's business eventually struggled, and for the last 25 years or so, he and Kimbal have been the ones paying the bills.
Today the roles are completely flipped. Elon's one of the richest people alive with Tesla, SpaceX, and everything else. His father is financially dependent on him. Elon apparently does help support his dad, but with conditions - basically telling him to stay out of trouble.
It's one of those situations where you've got two completely different stories about the same family history, and they can't both be true. The emerald mine thing especially seems to be the dividing line - Errol insists it was real and funded their wealth, Elon says there's zero evidence it ever existed and nobody's ever actually found it or any records of it.