The Wealth of the Musk Family: Beyond Elon Musk

Introduction

• Musk Family: Successful Entrepreneurs impacting various industries (Tech, Entertainment, Food).
• Main Focus: Elon Musk's background and family success.

Elon Musk's Parents

Mother: Maye Musk

• Background: Born in Canada, raised in South Africa.
• Career: Started modeling at 15; Net worth: ~$45 million.
• Achievements:
  • Appeared on covers of magazines like Vogue, Time, Sports Illustrated.
  • Oldest model featured on Sports Illustrated Swimsuit cover.
• Business Ventures: Owns 5 real estate properties, 7 cars, 2 luxury yachts.
• Investments:
  • Cash reserves > $10 million, investment portfolio valued at $9 million across 15 stocks.
• Key Assets: Lamborghini Aventador ($1M), Bugatti Chiron ($3M), Tesla Model S.
• Education: Two Master's degrees (Dietetics - South Africa; Nutritional Science - Toronto).
• Early Life: Single Mother; faced challenges managing career and family.

Father: Errol Musk

• Background: Born in Pretoria, South Africa; Engineer, pilot.
• Career: Youngest professional engineer certified in South Africa.
• Achievements: Wealth from properties, operational mines, rumored emerald mine in Zambia.
• Controversies: Affair with stepdaughter; child from that relationship; strained relationship with Elon.
• Net Worth: ~$2.5 million.
• Assets: Bentley, Rolls Royce, Mercedes, boat, Cessna aircraft.
• Real Estate: Wealthy properties in South Africa and other regions.
• Impact on Elon: Funded Elon and Kimble’s first company (Zip2).

Elon Musk's Siblings

Brother: Kimbal Musk

• Net Worth: ~$720 million.
• Background: Grew up in Pretoria, later moved to Canada.
• Career:
  • Co-founded Zip2 with Elon; Sold to Compaq for $307 million.
  • Early investor in X.com and PayPal.
  • Founded The Kitchen, opened restaurants in Boulder, Denver, Chicago.
  • CEO of OneRiot (Advertising Network).
  • Established Square Roots (urban farming); Partnerships with Gordon Food Services.
  • Advocate for Green Technologies: Vertical farming, lab-grown meat.
• Achievements: 5th largest Tesla shareholder, facing SEC investigations for potential insider trading.

Sister: Tosca Musk

• Net Worth: ~$170 million.
• Career:
  • Graduated in Film Studies from University of British Columbia (1997).
  • Co-founded Passionflix (2017), a streaming service for romance novels.
  • Produced films like “Puzzled”, contributed to “Tiki Bar TV”.
  • Extensive work in TV films, Lifetime, Hallmark; over 50 producer/director credits.
  • Partnership in Passionflix, valued at $24.1 million.

Elon Musk's Cousins

Lyndon and Peter Rive

• Career:
  • Founded Everdream and sold to Dell (2007) for $120 million.
  • Founded SolarCity (2006); Democratized solar energy.
  • Tesla acquired SolarCity (2016) for $2.6 billion.
• Achievements: Listed as top 35 innovators under 35 (MIT Technology Review, 2010).

Elon Musk's Partners

Justine Musk

• Background: Canadian author/blogger; Met Elon at Queen’s University.
• Marriage and Children: Married in 2000; 5 children (twins, triplets).
• Divorce Settlement: Received considerable financial support, monthly $20,000 post-tax.
• Career: Author of several books, blogging and public speaking.

Talulah Riley

• Career: English actress.
• Marriages with Elon: Married twice, divorced twice (2012, 2015).
• Net Worth: ~$40 million.
• Assets: Houses, cars, luxury yacht. Revenue from social media promotions.

Grimes (Claire Elise Boucher)

• Background: Musician, producer, visual artist.
• Relationship with Elon: Relationship started in 2018; Three children.
• Net Worth: ~$12 million.

Elon Musk: The Billionaire Entrepreneur

• Early Life: Born in 1971, Pretoria. Struggling with Asperger’s, School bullying.
• Education: University of Pennsylvania - Economics and Physics.
• Career: Co-founded Zip2, sold for $307 million. Funded X.com/PayPal, sold to eBay for $1.5 billion.
• SpaceX: Founded in 2002; Power to revolutionize spaceflight.
• Tesla: Joined in 2004; Pioneering electric vehicles.
• Real Estate: High-value properties, Bel Air homes, converted ranch house.
• Private Jets: Gulfstream G550 and G650.
• Net Worth: Peaked > $200 billion in 2021.