Errol Musk on Co-Owning 3 Emerald Mines that Allegedly Funded Elon Musk's Career (Part 7)
January 28, 2025
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11:26Now PlayingErrol Musk on Co-Owning 3 Emerald Mines that Allegedly Funded Elon Musk's Career (Part 7)
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Errol Musk, father of billionaire Elon Musk, recently discussed his past ventures and the political volatility of South Africa. Errol recounted the dangerous climate under apartheid, noting inter-group violence among Black South Africans and persistent crime. Highlighting the socio-political pressures from events like the Soweto riots, he described the complex tensions among different ethnic groups. Amidst international condemnation and cultural boycotts against apartheid, the nation's economy frayed, hitting speculative industries, including Errol’s property ventures. During the economic downturn, Errol found an unexpected opportunity by selling his plane in Zambia. This transaction led him to invest in emerald mining, co-owning shares in three Zambian mines. These ventures proved lucrative and allegedly helped fund Elon Musk's early career. Errol emphasized the unparalleled quality of Zambian emeralds, which helped sustain his income for several years.
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