While the world often focuses on the achievements of entrepreneurs like Elon Musk, the lives of their parents can be equally fascinating. Errol Musk, Elon’s father, is an intriguing figure in his own right. As the father of the richest man in the world, Errol Musk has a net worth of $2 million.
Errol Musk was born in 1946 in South Africa, Pretoria. He studied electromechanical engineering at a local university and pursued engineering as a career. However, Errol was mainly interested in being an entrepreneur and investor, setting his ambitions far higher than a typical engineer.
He married his high school sweetheart Maye Haldeman, a Canadian model. In the 1970s, they began their family with two boys, Elon and Kimbal. Just a few years later, the couple had a daughter, Tosca. However, their married life wasn’t happy and the couple divorced in 1979.
Errol came from a family of avid thinkers and doers though. His grandmother was the first chiropractor in Canada and his parents were also trailblazing adventurers. Errol pursued not only a career as an engineer but also became a pilot and a sailor. With an interest in real estate, he made the bulk of his income from consulting and developing properties.
While his children grew up in Pretoria, the entire Musk family continued to develop their prodigious skills. Elon was fascinated with computers at an early age and Errol encouraged him to develop programming skills.
Career and Personal Life
Errol made his wealth as an engineer and property developer. In an interview with Business Insider, he claims to have co-owned an emerald mine in Zambia. The South African paid £40,000 for his stake which he funded from selling an airplane for £80,000. Elon debates and resents the fact that people believe he grew up in a wealthy household.
Due to his success, Errol partially retired by 1980 and began spending most of his time traveling. Despite having a successful career, his personal life has been marked by scandal. After Errol and Maye divorced, he remarried but had several affairs. Much to the disgust of Elon, he even fathered a child with his stepdaughter, Jana Bezuidenhout.
His relationship choices often led to additional problems and as a result, he fell out with his children. Elon Musk, who has openly expressed his disdain for his father, calling him “evil” and a “terrible human being,” represents the strained familial ties that shadow Errol’s life.
Despite their estrangement, Errol still speaks positively about his kids. In an interview on his YouTube channel, Errol reports that he gave Elon money when he left South Africa but he funded himself at university. During the dot-com bubble, Errol also sent Elon and Kimbal $30,000 to help fund the early days of Zip2. The company was a huge success but the relationship between Errol and his kids have remained rocky.
Financial Fluctuations and Current Status
Throughout the years, Errol’s financial status has seen highs and lows. The peak of his wealth in the 1980s, contrasted with the speculated decline due to his lifestyle, paints a picture of fluctuating fortunes. Now 77 years old, Errol relies on Elon for financial support as reported by the New York Post.