HomeNewsTrendsWhen dad Errol Musk ran out of money, Elon Musk agreed to help him. But on 1 condition

When dad Errol Musk ran out of money, Elon Musk agreed to help him. But on 1 condition

Elon Musk was responding to a Twitter thread on how billionaires are rarely self-made.

September 22, 2022 / 20:12 IST
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Elon Musk’s father Errol Musk is a wealthy engineer and property developer in South Africa.
Elon Musk’s father Errol Musk is a wealthy engineer and property developer in South Africa.

Elon Musk has revealed that his father Errol Musk had run out of money in the 90s and the Tesla CEO and his brother had agreed to help senior Musk out financially on one condition -- that he doesn't do "bad things".

"Unfortunately, he did do bad things," Elon Musk revealed in a tweet without specifying what the "things" were.

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"Errol ran out of money in the 90s. My brother and I financially supported him and his extended family in South Africa since then on condition that he not do bad things," he tweeted.

Musk was responding to a Twitter thread on how billionaires are rarely self-made. In a video posted by Berkeley professor Robert Reich, he claimed that it's the children of rich families who end up being "richer" and that for most "self-made" billionaires, it's rarely a rags-to-riches story.

In the video Reich stated, "Elon Musk came from a wealthy family that owned an emerald mine in apartheid South Africa."