Last updated on December 9, 2022 - My Free Marketing newsletter . He then launched X.com, an online payment system that eventually became PayPal, which he sold to eBay for $1.5bn in 2002. Although not providing money to Elon himself, Errol invested in Elon and Kimbals first software company, Coffee Meets Bagel Net Worth 2023 Is the, Numilk Net Worth 2023 What Happened After, Diana and Roma Net Worth 2023: How Rich are the, Kodiak Cakes Net Worth 2023 What Happened, RokBlok Net Worth 2023 What Happened After. She left Errol, and took her children with her (although, per Elon, he for a time lived alone with his father). Elon is the oldest of three children Errol had with his first wife, Maye Musk. Over the years, Errol has welcomed six children. 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. Elon Musk has become the world's richest person, as his net worth crossed $185bn (136bn). "He's good at making life miserablethat's for sure. IT'S FAIR to say billionaire businessman Elon Musk is a household name, after becoming one of the richest people in the world. To see all content on The Sun, please use the Site Map. 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. Copyright 2023 Entrepreneur Media, Inc. All rights reserved. (949) 799-2165. Office location: Mr Musk, co-founder of Tesla and also the owner of SpaceX, was worth $187 billion when markets closed on Monday, nudging aside Bernard Arnault, chairman of French luxury group LVMH, according to the Bloomberg Billionaires Index. With an interest in real estate, he made the bulk of his income from consulting and developing properties. 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. In July 2015, Errol opened up to Forbes about raising his children. 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. With a net worth of $2 million, many people want to know more about the life and career of Errol. Errol Musk is reportedly estranged from his famous son Elon, Elon Musk at the 2022 Met Gala in New York. The centibillionaire, 51, has added $50.1 billion, or 36.6 per cent, to his personal fortune since the beginning of the year. Warren Buffett first bought shares when he was 11. WebMusk said Kimbal was also a billionaire, though nowhere near as wealthy as Elon, whose worth the Bloomberg Billionaire Index estimates at $260 billion. Despite literally being the richest Meet Errol Musk, the man who raised a future billionaire: http://t.co/t5y0SBgPI9 pic.twitter.com/uhNwiwJTgI, ALSO READ: LOL! Their half-sister.". So it's quite conceivable that one of them could actually come back and say, this is your child. Due to his career success, Errol retired partially by 1980 and began to spend most of his time traveling. But hes 50, I mean thats an old man.. Prior to her career, she obtained a bachelor's degree in Environmental Science from the University of Colorado Boulder. He fathered a child with his. 1 min read. "Theyve been doing well all their lives. SOAPIES UPDATE: Get all your SOAPIE tea right here. However, it seems like the apple doesnt fall far from the tree when it comes to procreation. Errol Musk is the father of Tesla billionaire Elon Musk. 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. Kimbal Musk is known today as a South African restaurateur, chef, and entrepreneur. (12.5 m) from his fathers business to buy Christian Dior with an estimated net worth of A year later, the couple welcomed their second son, Kimbal, and in 1974, his daughter, Tosca, was born. Celebrity Net Worth: Who ended 2022 as the world's richest entertainer? The tech billionaire has a total of eight children. Heide was 20 years younger than Errol when the two married, the Sun reports. The interview didnt just provide the elder Musk a chance to punch down on his child. His net worth is estimated to be about $2 million. He didnt own an emerald mine & I worked my way through college, ending up ~$100k in student debt, Elon Musk tweeted in 2019. Want to bookmark your favourite articles and stories to read or reference later? A complicated family, and a complicated legacy, to say the least. The couple split when Jana became pregnant with Errols baby in 2017. Her work also includes K. Bromberg's Driven, Rachel van Dyken's Matchmaker's Playbook, and her web series, Tiki Bar TV. Here are the three cold-email frameworks that I use to book 1000+ appointments a year, without spamming and done in less than 15 minutes a day. In the book, his family members recall Errol's love for traveling with them, his keen mind, and his penchant for practical lessons, such as taking them to build sites related to his job. All Rights Reserved. Musk was born to Errol and Maye Musk in June 1971 (via Insider). But I didnt really understand at the time what kind of person he was, Elon told Rolling Stone. He married his high school sweetheart Maye Haldeman who was a Canadian model and dietitian. Press Esc to cancel. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. 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. Errol Musk, 76, told The Kyle and Jackie O Show that his family had been doing a lot of things for a long time. Space x was founded by Elon Musk in 2002. Compared with Elon, Errol said during the interview that his other son, Kimbal Musk, is the pride and joy of his life. However, the life of his father, Errol Musk is also notable. He then went on to study electromechanical engineering at the University of Pretoria. He broke into the fashion industry in 1985, after using $15 million (12.5 m) from his fathers business to buy Christian Dior. Errol did not immediately respond to a request for comment through what appears to be his LinkedIn profile. Errol attended Clapham High School before going to the University of Pretoria to complete an electromechanical engineering qualification. Errol also, at one point, owned an emerald mine, a source of much controversy, particularly given that the Musks were a white family during apartheid South Africa. Musk was born to Errol and Maye Musk in June 1971 (via Insider). He also holds about 304 million exercisable stock options from his 2018 His companies Tesla and Space X have helped him build an amazing net worth of over $297 000 billion. Independent Press Standards Organisation (IPSO). The amounts were correct as of March 1, 2023. 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. 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. But Errol was himself prone to violence he was allegedly charged with manslaughter when he shot and killed three in a group of people who broke into his Johannesburg home. View our online Press Pack. However, he was primarily interested in being an entrepreneur and investor, setting his ambitions far higher than a typical engineer with his background and degree. His relationship choices often led to additional problems and caused estrangement with his children who resented his actions. For other inquiries, Contact Us. Type above and press Enter to search. We may receive a commission on purchases made from links. On Wednesday, he told The Sun they had a second child in 2019. Elon Musk lost tens of billions of dollars last week. Elon Musk Net Worth: $264.6 billion: Elon Musk Salary: $0: Nationality: South Africa: Elon Musk Height: 6 ft 2 in (1.88 m) How old is Elon Musk? 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. He studied electromechanical engineering at a local university and pursued engineering as a career. Gabrielle Bienasz is a staff writer at Entrepreneur. The fast-talking 'Suits' attorney has a lot to say about what it takes to succeed in business and life. Right Now, Including Pilots and IT Managers, Who Average More Than $130K a Year. I was curious though, how did Elon make his first million and how old was he Its been like that as far as I can remember," he told the media outlet. Offers may be subject to change without notice. Errol Musk heaped praised on his second son Kimbal, who has an estimated net wealth of $700m according to Forbes largely due to early investments in Tesla stock, 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. ALSO READ: Billionaire Elon Musk reveals why he left South Africa when he was 17. In 2018, Errol told Business Insider South Africa that he was half owner of an emerald mine in Zambia, but Elon disputes that information. Errol's choice to disclose his two children with his stepdaughter, and his comments about population decline, ("The only thing we are on Earth for is to reproduce," he told the tabloid) come several days after his son Elon tweeted, "Doing my best to help the underpopulation crisis" after Insider reported he secretly had twins with a Neuralink executive, Shivon Zilis, bringing his total known kids to nine. Where is this bs coming from?. This account already exists. ", Errol has said he owned half of an emerald mine in South Africa, per BI South Africa, but Elon disputed that in a Tweet, writing, "He didn't own an emerald mine & I worked my way through college, ending up ~$100k in student debt. 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 He owns The Kitchen Restaurant Group which has restaurants located in Colorado, Memphis, Cleveland, Indianapolis, and Chicago. Until January, embattled Indian tycoon Gautam Adani held the third-place spot. In 2017, Errol welcomed Elliot with his stepdaughter Jana Bezuidenhout. On July 5, 2021, Bezos stepped down as CEO of the e-commerce giant, becoming its executive chair. Getty Images. AFP. Due to his son's rising popularity, many are now curious to know more about who his father Errol Musk is. Microsoft founder Bill Gates is the world's fourth-richest person with a personal fortune of $114 billion and Warren Buffett remains in fifth place with a net worth of $106 billion. He runs Berkshire Hathaway, which owns companies including Dairy Queen. 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. Gabrielle Bienasz According to reports, some McDonald's restaurant owners have refused to promote the meal. Was 20 years younger than Errol when the two married, the life of his father, Errol Elliot... ( via Insider ) electromechanical engineering at the time what kind of he. And developing properties Science from the University of Colorado Boulder an interest in real estate, made! Say about what it takes to succeed in business and life of the richest in... Bienasz According to reports, some McDonald 's restaurant owners have refused to promote the meal protected. To punch down on his child from his famous son Elon, Elon told Rolling Stone 's richest person as. Of his father Errol Musk is they had a second child in 2019 he made the bulk of his Errol... Prior to her career, she obtained a bachelor 's degree in Environmental Science from the University Pretoria! He runs Berkshire Hathaway, which owns companies Including Dairy Queen and a complicated legacy to! School before going to the University of Pretoria Entrepreneur Media, Inc. all rights reserved to.. He left South Africa when he was 11: billionaire Elon Musk is owners have refused to promote the.. 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