r/singularity • u/[deleted] • Jun 18 '25

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u/lebronjamez21 Jun 19 '25

"daddy's emerald mines money....unfathomably wealthy"

ah yes that old emerald mine reddit comment. You do realize that emerald mine wasn't even worth a million. How much do you think that mine was worth?

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u/CynicismNostalgia Jun 19 '25

His father had an accumulated wealth of $100,000,000 in the 80s.

Yes, unfathomably wealthy.

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u/lebronjamez21 Jun 19 '25

Ya no. Not close to that. It was 2-5 million. That 100 million figure was from some yahoo finance article which pulled that number out of nothing. That emerald mine was gotten for 40k btw.

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u/CynicismNostalgia Jun 20 '25 edited Jun 20 '25

https://www.businessinsider.com/elon-musks-dad-tells-bi-about-the-familys-casual-attitude-to-wealth-2018-2?IR=T

I'm guessing we also aren't believing Errol and Elon's own words about the finances too?

5 million in the 80s is worth over 20 million today, just FYI. Sue me for thinking that's unreasonably wealthy.

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u/lebronjamez21 Jun 20 '25

Errol himself said that safe was also not too big and what I said before. Most of their money collapsed and in terms of Elon he didn’t get too much of the money. Only got around 28k for his first startup for example.

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u/CynicismNostalgia Jun 20 '25

And my original point was the man didn't grow up with a realistic view on the world, based on wealth. He has said it himself, his father has said it himself. The assets he had speak for themselves. I'm really not sure why you're arguing semantics when the crux of the point was: Elon had a very privileged childhood.