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What is Errol Musk Net Worth in 2023?

What about the other Musks, how much do they earn?

by Ronald Kaufman
January 15, 2023
in News, Utility Stocks
Errol Musk is the father of Elon Musk
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Most people are curious about Errol Musk’s wealth because of rumors that he formerly owned a gemstone mine and is the father of two children with his stepdaughter.

Errol Musk is the father of Elon Musk, the world’s wealthiest person. He is an American engineer, property entrepreneur, and pilot. Errol is notorious for having a tumultuous relationship with his children and for living a controversial lifestyle. His children have never had kind feelings about him. When he came clean about having an affair with his stepdaughter and fathering her kid, he made headlines.

Regardless of these flaws, Errol is nevertheless considered a pioneering engineer – the youngest person to achieve a professional engineer’s certification in South Africa.

What Is Errol Musk’s Net Worth?

Errol Musk net worth is estimated to be $2,000,000 in 2023. Errol’s intellect and will to succeed allowed him to earn a fortune for himself. He is quite wealthy as a result of his commercial ventures and lengthy technical career. Errol is a big fan of using his wealth to indulge his own lavish lifestyle. Even though his most prized home is in a ritzy Pretoria neighborhood, he has many houses in other countries.

The Beginnings

Errol Graham Musk was born in Pretoria, South Africa, in 1946, to Walter Henry James and Cora Amelia Robinson. His brother’s name is Michael James. Errol met Maye Haldeman, his future wife when both were students at Clapham High. After finishing high school, he went on to study electromechanical engineering at the University of Pretoria, having previously attended the University of the Witwatersrand in Johannesburg.

Career

At the beginning of his career, Errol worked as a property developer and engineering consultant. As a result of his successful profession, Errol amassed a fortune. He even had extensive holdings in operational mines and other resource infrastructure. It was said that he had a financial interest in an emerald mine in the Zambian region of Lake Tanganyika. In 1980, Errol had already entered partial retirement and was spending much of his money and time on travel.

Real Estate and Other Assets

Errol enjoyed sailing and flying, thus his wealth also included thoroughbred horses, a boat, and an aircraft named Cessna. As a rule, Errol spends the holidays in one of his extravagant mansions. One of them was located in Waterkloof, a wealthy section of Pretoria where Elon had spent most of his formative years after the breakup of his parents.

Errol Musk Controversies

Years ago, when three armed intruders stormed into Errol’s Johannesburg home, he is suspected of murdering all three of them. Some accounts state that Elon was a witness to the attack. Afterward, Errol explained to Rolling Stone that he had acted in self-defense and was never prosecuted. Maye documented Errol’s mental and physical abuse of her in an autobiography she published years later.

Control of the Emerald Mine

Several media outlets have reported that Errol’s lavish lifestyle was made possible by his ownership of a gemstone mine in Zambia close to Lake Tanganyika. Elon reported in 2019 that he didn’t own a gemstone mine and had racked up $100,000 in school loans via hard labor. Due to financial constraints at Zip2, he only had one computer to run my website and had to switch to programming at night. Errol revealed that he had attempted to settle in the US but ended up disliking life there and moving back to South Africa.

Errol’s Affair With His Stepdaughter

Errol Musk and  Jana Bezuidenhout

As the situation developed, it was discovered that Errol Musk’s child’s mother is Mari’s Jana Bezuidenhout, Heide-Mari’s daughter. Jana Bezuidenhout was only a little child of 4 years when Errol first met her. Everyone at first believed that Jana’s ex-boyfriend was indeed Elliot Rush’s biological father. However, the paternity test results showed that Errol Musk is really his biological father.

Errol Musk’s assertion that he and Jana had sexual contact on the spur of the moment after Jana broke up with her fiancé and gave birth to their sixth child, Elliot Rush Musk, rings hollow. For this reason, after 18 years of marriage, Heide decided to divorce him. He confessed to the court about his many affairs.

Errol Musk Personal Life

Maye Haldeman, author, model, speaker, and dietitian was Errol’s first wife in 1970. Elon, Kimbal, and Tosca are their three children. Their breakup dates back to 1979. The boys would stay with their mom on the weekends and with Errol throughout the week, according to court documents. Tosca’s mother was awarded custody of her when she was quite little. Elon Musk hasn’t spoken highly of him in public since their breakup.

Later, Errol wed Heide-Mari, his second wife. She was a widow with three children of her own. Alexandra Ali Musk and Asha Rose Musk are the couple’s two children. Currently, Errol lives in Pretoria, S-A.

After Elon, who among the Musks has the most wealth?

Elon Musk is the family’s most famous member. His parents, brothers, and ex-wife share the Musk surname with him and secretly enjoy large riches of their own. Tesla’s CEO tops the list when it comes to wealth, but where do his parents, siblings, and ex-wife, Justine, fall on the scale?

6. Errol Musk, $2,000,000

Errol Musk has been a subject of controversy in the news following an affair with his stepdaughter and his estranged relationship with his children.

Errol, who was born in South Africa, is said to have worked as an engineer, pilot, consultant, property developer, and, controversially, co-owner of an emerald mine. Although Elon’s father seems to be enjoying a wealthy lifestyle, little details about him or his mysterious wealth are known. The majority of what has been made public comes from interviews with the individual or his family members. But much has been written negatively about him; Elon called him “evil” and “a horrible human being” in an interview with Rolling Stone.

In The Kyle and Jackie O Show, Errol revealed that, outside of his personal life, he owned three expensive cars: a Bentley, a Rolls-Royce, and a Mercedes. His net worth has been estimated at $2 million by some websites, while other sources say it’s likely far greater than that.

5. Justine Musk, novelist and Elon’s ex-wife, $3 million (USD)

Justine is the only wife of Elon Musk to adopt his surname.

Elon was married twice to British actress Talulah Riley, but only his third wife, Justine, really adopted his surname. They were married for eight years, during which time they had five children (one of whom they sadly lost at 10 weeks old) and during which time Justine saw her then-husband launch some of his most ambitious undertakings. Following the breakup, Justine’s book sales have reportedly helped her amass a fortune of $3 million.

4. Maye Musk, the supermodel, $20 million

Maye is the mother of Elon Musk and she was popular and successful even before her son became the richest man in the world.

Maye Musk became well-known as a model long before her son Elon did; she even appeared in a music video for Beyonce. Long before her son became famous, Elon’s stunning mother was a supermodel and star in her own right. However, after Tesla’s CEO became famous, she was no longer the family’s most famous member. She told The New York Times in 2016: “I was famous before Elon got famous.” Maye has been in a Beyoncé music video in addition to being on the covers of Vogue and Time.

The multi-book author and advertising veteran, age 74, has collaborated with companies such as Revlon and Special K cereal. Maye told Forbes in an interview that she had to work five jobs at once to make ends meet following her divorce from Errol. The nutritionist, who used to be unremarkable on red carpets, now looks wonderful, and she and Elon even looked great at the Met Gala in May.

3. Tosca Musk, the director, US$170 million

Tosca, Elon's sister is known for her passion and creative innovation in the film industry.

Tosca co-founded the Netflix-like streaming service Passionflix in 2017, with a concentration on romantic films aimed squarely at women. According to the NY Times, the service may now be accessed in almost 150 different nations. In addition to being an accomplished actor, the 48-year-old has made a name for herself in the film industry with her work for Lifetime, Passionflix, and Hallmark. It’s evident that Tosca enjoys the film industry, as shown by the fact that she has over 50 directing and producing credits on her name on IMDB. 

Tosca’s wealth is estimated by Saving Advice to be over US$170 million.

2. Kimbal Musk, restaurateur, US$700 million

Kimbal, now a restaurateur, cofounded successful companies with his brother Elon.

His father’s pride and delight, Kimbal Musk is a billionaire owing to his business ventures. Errol called Kimbal his “pride and pleasure,” but he also said his other kid is a “billionaire.” Forbes estimates Elon’s brother’s net worth to be US$700 million due to his numerous successful business ventures, such as Zip2 and X.com, which were subsequently absorbed by PayPal. Kimbal also invested early in Tesla, SpaceX, and the Chipotle Mexican Grill business. He has now divested himself of about US$230 million in Tesla stock but remains a board member. This cowboy-hat-wearing businessman is also a co-founder of The Kitchen chain of eateries.

1. Elon Musk, the serial entrepreneur, $260 billion

Elon is currently the richest and most popular member of the Musk family.

Not just in the Musk family, but also globally, Elon is the wealthiest person alive. The CEO’s wealth is the result of his many successful businesses over the years, including X.com (PayPal), SpaceX, Tesla, Neuralink, OpenAI, The Boring Company, Starlink, and many more.  Elon, now 51 years old, was raised by his parents, Errol and Maye, in Pretoria, South Africa. The firstborn of his family, he has a younger brother – Kimbal – and a younger sister – Tosca. Reportedly, the Musks had a lavish lifestyle, taking their children on frequent vacations and sending them to elite institutions.

Elon Musk, CEO of Tesla, is widely considered as the family’s major genius. However, he has recently attracted attention for his expanding number of baby moms and the aftermath of his contentious Twitter agreement. The eccentric entrepreneur is still the wealthiest person on the planet with a fortune of US$260 billion.

More Details regarding the life of Errol Musk

  • Errol’s roots are both in the United Kingdom and South Africa.
  • Errol’s grandma established chiropractic care in Canada.
  • His parents pioneered the first flight from South Africa to Australia in a single-engine aircraft. 
  • Vance writes in his book that in 1995, Errol handed Elon and Kimbal $28,000 to start Zip2, which would become their first software firm.

Final Thoughts on Errol Musk Net Worth

Errol Musk’s net worth is $2 million in 2023. As a successful engineer and entrepreneur, Errol was quickly amassing a fortune. He was also severing relations with his children, who would later regard him as a horrible and overbearing parent. Errol is the most famous engineer in history, and he hails from a family of pioneers in the field. It’s obvious that the will to succeed as an entrepreneur is ingrained in this family through generations.  

Tags: Elon MuskErrol Muskerrol musk net worth
Ronald Kaufman

Ronald Kaufman

Ronald Kaufman is a veteran analyst and researcher with an expertise in the fields of Pharma, Cyber, FoodTech and Blockchain. He has been published on entrepreneur.com, GuruFocus, Finextra Research and others. He is currently a researcher at the Future Markets Research Tank (FMRT), where he does deep-dive market analysis and research in a number of industries.

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