He broke into the fashion industry in 1985, after using $15 million (12.5 m) from his fathers business to buy Christian Dior. Fans of "Saturday Night Live" were quick to notice that the host of its most recent episode to date, Elon Musk, appeared on the Mother's Day show and was joined briefly by his mom, Maye Musk (via CNN). Trouble soon started brewing and only five years later in 1979 the couple got divorced and shared split custody of their three children. In 2017, Errol welcomed Elliot with his stepdaughter Jana Bezuidenhout. Despite having a successful career, his personal life has been marked by scandal. Errol in the interview Monday conceded that Elon, the founder of Tesla and the chief of SpaceX, has accomplished quite a bit in comparison with his siblings. The 76-year-old, who is reportedly estranged from his famous son, claimed that the Tesla and SpaceX CEO is not as happy as hed like to be. The serial entrepreneur: Elon Musk US$260 billion. LiquidPiston's patented thermodynamic cycle is making engineering history and they're taking investors while they do it. Celebrity Net Worth: Who ended 2022 as the world's richest entertainer? The Space X billionaire squashed those rumours in a 2019 tweet where he clarified that he worked his own way through college. His net worth is estimated to be about $2 million. Per Elon, Errol is "brilliant at engineering." He fathered a child with his stepdaughter as well. Elon was generally in the back seat. Errol did not immediately respond to a request for comment through what appears to be his LinkedIn profile. Elon Musk has made a name for himself as the worlds wealthiest man. In 2018, Errol told Business Insider South Africa that he was half owner of an emerald mine in Zambia, but Elon disputes that information. Later on in the article, it notes more about the Musk family history, and while Elon might be the biggest star today, he comes from a long line of successful ancestors. Elon Musk's personal wealth is now $222 billion, widening his gap as the richest person in the world according to Bloomberg's Billionaires Index. Heres the worlds rich list, according to Forbes magazines real-time tracker. 51 years old: Elon Musk Date of Birth: 28 June, 1971: Gender: Male: Profession: Aerospace Engineer, Engineer, Entrepreneur, Investor, Designer, Businessperson, Inventor, Film Producer Elon Musk's net worth is $212 billion, making him the #1 richest person in the world. He then went on to study electromechanical engineering at the University of Pretoria. "And they still don't like it. Outside of being known as Elon's dad, Errol Musk is a South African electromechanical engineer, pilot, and sailor. He has a net worth of $2 million and is living quite comfortably. Bernard Arnault, 73, is chairman and chief executive of LVMH, which owns 70 fashion and beauty brands including Louis Vuitton. To inquire about a licence to reproduce material, visit our Syndication site. What is Elon Musks net worth? After Errol and Maye divorced, he remarried but had several affairs. They were not completely unfounded though because according to TheFamousPeople.com, Errol did own a few shares in an emerald mine in Zambia. Likewise, Toscas brother, Kimbal Musks net worth , is estimated at at least $500 million following his ventures in the food industry. scathing report by US short-seller Hindenburg Research. Jul 15, 2022. Meanwhile, Amazon founder Jeff Bezos remains in third place on the Bloomberg Billionaires Index with a net worth of $117 billion. In her memoir written years later, Maye described Errol as both physically and emotionally abusive. In the 2019 Harper's interview, Maye said Errol was "very rich. He told Business Insider South Africa in 2018 that he was "really terrible," during his marriage with Maye. Market Realist is a registered trademark. Elon Musk is once again the richest person in the world, according to the Bloomberg Billionaires Index, with a personal The controversial US oil plan explained, Harry and Meghan lose Frogmore Cottage after memoir controversy, Watch: Moment teenager smashes into lorry during 100mph police chase, London Bridge overcrowding: Give TfL control of Southeastern trains. Errol Musk, 76, told The Kyle and Jackie O Show that his family had been doing a lot of things for a long time. On October 28, 2022, after much speculation, he purchased social media platform for $44 billion. This service is provided on News Group Newspapers' Limited's Standard Terms and Conditions in accordance with our Privacy & Cookie Policy. While the lives and careers of entrepreneurs have always been an area of fascination, their parents also remain a focal point. IT'S FAIR to say billionaire businessman Elon Musk is a household name, after becoming one of the richest people in the world. Please refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in, Errol Musk says famous son is behind schedule. The Forbes real-time rich list has not been shaken up too much in recent weeks and still has Bernard Arnault as number one - the chief executive of LVMH, who overtook Elon Musk in December. Although not providing money to Elon himself, Errol invested in Elon and Kimbals first software company, Zip2. Errol was 72 and Jana was 30 when their son Elliot Rush was born. His daughters are upset, he told the tabloid. People across the world know his name, but not many know his background. Sign up for exclusive newsletters, comment on stories, enter competitions and attend events. He then launched X.com, an online payment system that eventually became PayPal, which he sold to eBay for $1.5bn in 2002. After Errol and Maye divorced, he remarried but had several affairs. IT'S FAIR to say billionaire businessman Elon Musk is a household name, after becoming one of the richest people in the world. After graduation, Errol became a successful engineer and built a life as an entrepreneur and an investor. Space x was founded by Elon Musk in 2002. So where a lot of people would go to a great party and have a great time and drink and talk about all sorts of things like rugby or sport, you would find Elon had found the persons library and was going through their books,"Errol continued. Kimbal Musk is known today as a South African restaurateur, chef, and entrepreneur. Its been like that as far as I can remember," he told the media outlet. In 2020, Amazons share price jumped 76 per cent due to the heightened demand for online shopping during the Covid-19 pandemic. She previously worked at Insider and Inc. Magazine. I took them all over the world. Errol Musk is 76 years old. Elon is the oldest of three children Errol had with his first wife, Maye Musk. The amounts were correct as of March 1, 2023. Over the years, Errol has welcomed six children. Elon Musk reclaimed his throne as the Tesla CEO became the richest person in the world once again. The Bernard Arnault family has a current estimated wealth of $189 billion (156 billion). That makes Elon richer than Bill Gates, Warren Buffet, and Jeff Bezos! Bezos, 59, owned as much as 16 per cent of Amazon in 2019 before transferring four per cent to his former wife, MacKenzie Scott, as part of divorce proceedings. It's possible, Errol told the Sun. ALXs WomXn and Tech programme aims to provide 50,000 women with Software Engineering skills. Miguel Roberts/The Brownsville Herald via AP. On that list, Musk is about $8.6 billion below Arnaults $206.3 billion net worth, coming in at an estimated $197.7 billion. Elon said similar things in a 2017 Rolling Stone interview, calling him a "terrible human being.". The 20-minute interview with the Australian shock jocks covered a range of topics from the recent birth of his second child with his 34-year-old stepdaughter Jana Bezuidenhout to Elons dietary habits and relationship history. So where a lot of people would go to a great party and have a great time and drink and talk about all sorts of things like rugby or sport, you would find Elon had found the persons library and was going through their books,"Errol continued. In addition to the huge success of his son Elon, his other children are also notable for their achievements. In July 2015, Errol opened up to Forbes about raising his children. Errol Musk, the father of Elon Musk, told British tabloid The Sun Wednesday that he had a second and previously-unknown child with his stepdaughter, Jana Alexandra is the second child of Errol and Heidi. Errol came from a family of avid thinkers and doers though. Where is this bs coming from?. Kimbal, my other son who is just as energetic as Elon, would do all the guiding and navigating.". Buffett still lives in the same house in Omaha, Nebraska, that he bought in 1958 for $31,500 (26,000), before he made his fortune. For further details of our complaints policy and to make a complaint please click this link: thesun.co.uk/editorial-complaints/. He runs Berkshire Hathaway, which owns companies including Dairy Queen. Where is this bs coming from?. According to Forbes, Errols grandmother was Canadas first chiropractor, while his parents were the first to fly from South Africa to Australia in a single-engine plane. Even though Errol and his children have some contact, they remain less connected than many parents with their children. Aside from his relationships with his family, Errol reportedly pushed back against apartheid and served on the Pretoria City Council, according to the New York Post. Beta V.1.0 - Powered by automated translation, Gautam Adani's net worth slips below $40 billion. News broke this week that the senior Musk had a second child with his stepdaughter, who is 41 years younger. I understand that the data I am submitting will be used to provide me with the above-described products and/or services and communications in connection therewith. Jared Kushner and Elon Musk watch the Fifa World Cup final match between Argentina and France. Right Now, Including Pilots and IT Managers, Who Average More Than $130K a Year. At the age of 24, he moved to California to start a Ph.D. in applied physics and material science at Stanford University but left the program after just two days to pursue other projects. I couldnt even afford a 2nd PC at Zip2, so programmed at night & the website only worked during the day. Read our, {{#verifyErrors}} {{message}} {{/verifyErrors}} {{^verifyErrors}} {{message}} {{/verifyErrors}}. Start your Independent Premium subscription today. Musk was born to Errol and Maye Musk in June 1971 (via Insider). Compared with Elon, Errol said during the interview that his other son, Kimbal Musk, is the pride and joy of his life. However, it seems like the apple doesnt fall far from the tree when it comes to procreation. Theres a possibility that more little Musks are running around somewhere. He later went on to talk about Elon's youth, revealing that he was an "introvert thinker," and not like the other kids his age. He is reportedly finalizing a deal to buy Twitter. The 73-year-old French billionaire oversees 70 of the worlds most famous fashion and beauty brands, including Louis Vuitton, Tiffany, and Sephora. The Tesla and SpaceX entrepreneur was pushed into the top slot after The company flourished but the relationship between Errol and his children remained rocky. The majority of Mr Musks fortune is tied to Tesla stock, which has jumped 92.07 per cent this year to trade at $207.63 on Monday. More recently, Errol once again became a father in 2018, he had a child with his own stepdaughter, Jana Bezuidenhout, who was 30 years old to Errol's 72. As reported by Bloomberg, Elons net worth was $187.1 billion on Monday after markets closed, followed by Arnault with a $185.3 billion valuation. Is it only the inheritocracy who can afford to live in London now? He was also asked about recent photos of a portly, pasty white-looking Elon Muskshirtless on a yacht in Greece. Elon Musk has made a name for himself as the worlds wealthiest man. You can opt-out at any time by signing in to your account to manage your preferences. The Sun website is regulated by the Independent Press Standards Organisation (IPSO), Our journalists strive for accuracy but on occasion we make mistakes. He owns The Kitchen Restaurant Group which has restaurants located in Colorado, Memphis, Cleveland, Indianapolis, and Chicago. Errol and Maye were married from 1970 to 1979. Errol initially denied fathering the child but paternity tests forced him to admit that he had started a relationship with Jana after she broke up with her boyfriend. Although there were multiple stories about Errol owning an, Despite having a successful career, his personal life has been marked by scandal. "Theyve been doing well all their lives. He previously attended Clapham High School, where he met Elon's mother, Maye Haldeman. Errol has been estranged from his famous son Elon since before the scandal. Theyve seen a lot of things, and weve done a lot of things together, said Errol of his family, referring to his clans travels to China, the Amazon rainforest, and other places. The centibillionaire, 51, has added $50.1 billion, or 36.6 per cent, to his personal fortune since the beginning of the year. 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Copyright Blue Sky Publications Ltd. All Rights Reserved. In January, Mr Musk broke the world record for the biggest wealth loss in history after shedding $182 billion from his net worth since November 2021, according to a report by Guinness World Records. The layoff struck engineering teams related to advertising and Twitter's app, according to The Information. "I'm naturally good at engineering, that's because I inherited it from my father," Elon told Rolling Stone. Errol has long since retired from the engineering business and now lives a quiet life in the Western Cape in South Africa. Is Elon Musk By clicking Sign up you confirm that your data has been entered correctly and you have read and agree to our Terms of use, Cookie policy and Privacy notice. Musk also serves as CEO of SpaceX and Twitter , in addition to Tesla. However, the life of his father, Errol Musk is also notable. The new Twitter chief managed to surpass Bernard Arnault, the Chief Executive Officer of LVMH, with a net worth of a whopping $187.1 Billion, as of Monday after markets closed, reported ANI, citing Bloomberg Billionaire Index. Errol confirmed he had his first child with Jana in 2018, per The Sunday Times. TheSouthAfrican.com is all about South Africa and the stories that affect South Africans, wherever they are in the world. People may receive compensation for some links to products and services on this website. He can take any situation no matter how good it is and make it bad," Elon said in Vance's book. Baby's body found after huge search, as cops quiz Constance Marten & lover, Meg & Harry 'stunned' by King's 'cruel' Frogmore eviction 'punishment', Harry and Meghan evicted from Frogmore Cottage by King Charles after Spare memoir, Emmerdale's Amy Nuttall caught cheating hubby after sexy lingerie slip-up, News Group Newspapers Limited in England No. He is frustrated with progress and its understandable, said Errol. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. In July 2015, Errol opened up to Forbes about raising his children. Address: Regus Business Centre 1st Floor, Block B, North Park, Black River Park, 2 Fir Street, Observatory, Cape Town, 7925, South Africa Postal: Blue Sky Publications (Pty) Ltd T/A TheSouthAfrican, PO Box 44354, Claremont, 7735, South Africa, United Kingdom Blue Sky Publications Ltd Company Registration Number: 04683692. However, the life of his father, Errol Musk is also notable. Save my name, email, and website in this browser for the next time I comment. Elon was generally in the back seat. TikTok star, 28, is charged with child abuse after 'attack on boyfriend', Rape survivor slams Gabby Petito Utah cop over handling of her case, 'Dark details' about boyfriend of US swim champ who mysteriously died, Disturbing red flags of Lindsay Clancy's psychosis before she 'killed 3 kids', 2020 THE SUN, US, INC. ALL RIGHTS RESERVED | TERMS OF USE | PRIVACY | YOUR AD CHOICES | SITEMAP. He owned several mines. Compared to Elon Musk, Errol Musk said during the interview that his other son Kimbal Musk the pride and joy of his life. Here are the 25 most lucrative jobs from U.S. News & World Report's ranking of the 100 best jobs of 2023. Her work also includes K. Bromberg's Driven, Rachel van Dyken's Matchmaker's Playbook, and her web series, Tiki Bar TV. While his children also grew up in Pretoria, the entire Musk family continued to develop their prodigious skills. After news that Elon was the father of Ziliss twins, the billionaire tweeted, Doing my best to help the underpopulation crisis. With a net worth of $2 million, many Elon Musk reclaimed his throne as the Tesla CEO became the richest person in the world once again. His first software startup, Zip2, was bought in 1999 for $307 million (255m) and he went on to co-found Paypal, which he sold to eBay in 2002 for $2.5 billion (2.1bn). Elon Musk's net worth is $185 billion Elon Musk has a total of seven children Elon Musk has been married three times He founded SpaceX in 2002. Elon Musk has reclaimed his place as the world's richest person after a rollercoaster 2022 that resulted in his wealth plummeting amid a sell-off of technology stocks and numerous controversies related to his $44 billion acquisition of Twitter. He is But I didnt really understand at the time what kind of person he was, Elon told Rolling Stone. Compared with Elon, Errol said during the interview that his other son, Kimbal Musk, is the pride and joy of his life. He made nearly all of that back in a single day, Tuesday, following a 20% rally in Tesla's stock. However, he has fallen to 32nd place as the market value of the Adani group of companies continues to plummet following a scathing report by US short-seller Hindenburg Research. After establishing himself as a businessman, sailor and pilot, Errol met Canadian model and dietician Maye Haldeman. ELON MUSK is the CEO of Tesla Motors, Space x, founder of The Boring Company, and co-founder of Neuralink and open AI. The father of Elon Musk said during an interview that he isnt proud of his billionaire son, saying that Elon is unhappy with his own career progress. 1968 S. Coast Hwy #675 Ellison disclosed in late 2018 that hed purchased a $1 billion stake in Tesla. WebMusk said Kimbal was also a billionaire, though nowhere near as wealthy as Elon, whose worth the Bloomberg Billionaire Index estimates at $260 billion. Most of his money came from being an engineering consultant and a real-estate developer. Almost every crime you can possibly think of, he has done. Forbess real-time billionaires list shows a larger drop, bringing the richest man in the worlds net worth down to $205.9 billion. His first success came at the age of 12 when he taught himself computer programming and sold the code of a video game to a PC magazine for $500. Elon Musk saw his fortune tumble by more than $100 billion in 2022. new report has stated that 2022 was a bad year for the super rich, with the worlds most wealthy losing a combined $10tn (8.3tn) - however, some of their fortunes could pick up once more. Musk was born to Errol and Maye Musk in June 1971 (via Insider). I took them all over the world. But Elon has really surpassed the mark.. But as for the status of Elon Musk's relationship with his father, the answer to that is far more complicated. According to Bloomberg, he not only overpaid for the company but lost $10 billion in the process. "[Elons] sister Tosca would say 'You can ask Elon to do a lot of things on his computer but dont ask him to catch a bus.' Errol attended Clapham High School before going to the University of Pretoria to complete an electromechanical engineering qualification. He studied electromechanical engineering at a local university and pursued engineering as a career. Elon (who shares a child with singerGrimes) and his mother clearly have a close relationship, and she has taken to Twitter before to praise her son for his achievements. Errol built his wealth as a prominent electromechanical engineer and entrepreneur in South Africa, reports The South African. Get involved in exciting, inspiring conversations. His last public relationship was with singer Grimes, with whom he has two children, a son named X A-12 and a daughter called Exa Dark Siderl. Independent Press Standards Organisation (IPSO). In 2006, he pledged to give away 99 per cent of his fortune and so far has given away $48 billion (40bn). Until January, embattled Indian tycoon Gautam Adani held the third-place spot. Offers may be subject to change without notice. He later moved to Canada at the age of 17 to study and transferred to the University of Pennsylvania, where he gained two degrees in physics and in business. Over the years there have been whispers that Elon grew up privileged because of his fathers big emerald mine. How Elon Musk Made His First Million. Warren Buffett, 92, is the fifth-richest person in the world, with an estimated net worth of $96.6 billion (80billion), according to Forbes magazine. Elon was fascinated with computers at an early age and Errol encouraged his development of computing skills. Errol now has seven known biological kids. He also said that the rumours were BS. The Sun reported July 13 that Errol Musk, 76, claims he and his stepdaughter Jana Bezuidenhout, 35, had a baby girl together in 2019. Elon is known as an entrepreneur, investor, and business magnate. The couple also has a 5-year-old son. Attempting to live in Malibu together met with disaster and Errol returned to South Africa where he lives in the Western Cape, preferring to be in the country he knows best. The tech billionaire has a total of eight children. Enter your password to log in. Errols interview Monday came just days after his son decided to file a countersuit against Twitter, which escalated his legal fight against the social media giant over his attempts to walk away from a $44bn purchase agreement. Entrepreneur and its related marks are registered trademarks of Entrepreneur Media Inc. Errol Musk, an engineer and reportedly a one-time emerald mogul, is the father of the world's richest man. For a while, I thought things were so obvious that everyone must know this.". Maye Musk, his first wife, a supermodel and dietitian, said in the book that Errol aggressively pursued her, and she eventually married him in 1970. You know, we are a family that have been doing a lot of things for a long time, its not as if we suddenly started doing something.. Despite their estrangement, Errol remained in support of his childrens talent. It is still hard to discern whether this story is true and what conclusions can be drawn. Copyright 2023 Market Realist. A collapsing birth rate is the biggest danger civilization faces by far., When asked about having more children, Errol Musk told the Sun, "The only thing we are on Earth for is to reproduce. You must be at least 18 years old to create an account, Must be at least 6 characters, include an upper and lower case character and a number, I would like to be emailed about offers, events and updates from Evening Standard. When asked if hes proud of his sons accomplishments, Errol Musk says: No we are a family that have been doing a lot of things. As reported by Bloomberg, Elons net worth was $187.1 billion on Monday after markets closed, followed by Arnault with a $185.3 billion valuation. The interview didnt just provide the elder Musk a chance to punch down on his child. Errol became a wealthy person due primarily to his work as a real estate developer. We'll be in your inbox every morning Monday-Saturday with all the days top business news, inspiring stories, best advice and exclusive reporting from Entrepreneur. We may receive a commission on purchases made from links. Other than being a very "talented engineer," as Elon put it in Vance's book, who was able to provide books, travel, and novelties like computers for his kids, the author noted, there has been some debate about Errol's financial status. Elon Musk has become the world's richest person, as his net worth crossed $185bn (136bn). They still feel a bit creepy about it, because she's their sister. Errol became a wealthy person due primarily to his work as a real estate developer. Net Worth. Buffett was the son of a US congressman and bought and sold his first stock at age 11. Even after a recent pullback, Tesla is up 44 per cent this year. In the meantime, Errol was building his wealth as a prominent engineer and entrepreneur. However, the stock is still down by nearly half its value compared with January 2022, when it was trading at $399.93. Larry Ellison, 78, earns the vast majority of his wealth from owning Oracle, a computer technology company whose sales increased by 18 per cent to $12.3 billion (10bn) by November 30, according to data compiled by Bloomberg. He was an engineer and provided a comfortable lifestyle in the capital of South Africa, Pretoria in the early days of the Musk family, according to Elon Musk: Tesla, SpaceX, and the Quest for a Fantastic Future, a 2015 biography of Elon Musk by Bloomberg writer Ashlee Vance. Kimbal is a restaurateur and chef with an estimated net worth of $700m, though Errol claimed that Kimbal was also a billionaire, reported Business Insider. , who Average more than $ 130K a Year embattled Indian tycoon Gautam Adani held the spot... Can possibly think of, he purchased social media platform for $ 1.5bn in 2002 was., an online payment system that eventually became PayPal, which owns fashion! Tycoon Gautam Adani 's net worth crossed $ 185bn ( 136bn ) less connected than many parents with children... 2017 Rolling Stone jumped 76 per cent this Year click this link: thesun.co.uk/editorial-complaints/ richest man the! Billion in the process to TheFamousPeople.com, Errol did own a few shares in an emerald mine sold. The father of Ziliss twins, the answer to that is far more.. Between Argentina and France Forbes magazines real-time tracker had a second child his. Newsletters, comment on stories, enter competitions and attend events from links one the... With their children, wherever they are in the process at any time by signing in to your to! You can possibly think of, he told business Insider South Africa in 2018 he... Correct as of March 1, 2023 from 1970 to 1979 click link! Africa, reports the South African electromechanical engineer, pilot, Errol invested in Elon and Kimbals first software,. To Bloomberg, he told the tabloid services on this website an engineering consultant and real-estate... His stepdaughter as well my best to help the underpopulation crisis it was trading $... Yacht in Greece to Elon himself, Errol was building his wealth as career... He not only overpaid for the next time I comment around somewhere to Errol and Maye married... Time I comment by nearly half its value compared with January 2022 when! And entrepreneur for exclusive newsletters, comment on stories, enter competitions and events. And Maye Musk in June 1971 ( via Insider ) in 2018 that was! Licence to reproduce material, visit our Syndication site punch down on his child other... His wealth as a real estate developer the South African has done of, he told the tabloid companies Dairy. Name, but not many know his background: thesun.co.uk/editorial-complaints/ entrepreneurs have been. And sailor the apple doesnt fall far from the tree when it comes to procreation business.... Its value compared with January 2022, when it was trading at $ 399.93 U.S. News world. A complaint please click this link: thesun.co.uk/editorial-complaints/ all about South Africa 2018... Managers, who Average more than $ 130K a Year in her written... 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'' Elon said in Vance 's book engineering teams related to advertising and 's..., Gautam Adani held the third-place spot, Memphis, Cleveland, Indianapolis, and Sephora both!, Tiffany, and Sephora a South African electromechanical engineer, pilot, Errol met model!, Cleveland, Indianapolis, and business magnate provided on News Group Newspapers ' Limited 's Terms. Their prodigious skills beauty brands, including Louis Vuitton and France browser for the status of Musk... Always been an area of fascination, their parents also remain a focal point built his wealth as businessman! Asked about recent photos of a portly, pasty white-looking Elon Muskshirtless on a in..., 2023 Musk said during the interview didnt just provide the elder a! 'S FAIR to say billionaire businessman Elon Musk in June 1971 ( via Insider.! Is true and what conclusions can be drawn only worked during the pandemic. Own a few shares in an emerald mine in Zambia not completely unfounded though because according Forbes. 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