318

Five People Founded Tesla, But Only Elon Musk Became Extremely Rich (open.substack.com)

submitted 11 months ago by 4realz@lemmy.world to c/technology@lemmy.world

108 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[-] dubyakay@lemmy.ca -2 points 11 months ago* (last edited 11 months ago)

I still don't get the emerald mine money bit. Even snopes ran on it that the perpetuated story is bogus, with properly cited sources on where the whole comment originated from.

I think Musk is a grifter, but let's stick to facts instead of hearsay.

Edit: for those asking:

https://www.snopes.com/news/2022/11/17/elon-musk-emerald-mine/

[-] Mongostein@lemmy.ca 3 points 11 months ago

Could you link that source? I can’t find it

[-] dubyakay@lemmy.ca 1 points 11 months ago

Here you go:

https://www.snopes.com/news/2022/11/17/elon-musk-emerald-mine/

[-] Mongostein@lemmy.ca 2 points 11 months ago

Honestly it sounds to me like there’s an effort to keep his father’s involvement in emeralds a secret.

[-] sushibowl@feddit.nl 1 points 11 months ago

here it is. The whole thing seems rather murky and somewhat shady too. The most specific statement on it is this:

Arnold's story included answers from Errol about the mine, who said he had "very limited involvement" in it. Arnold paraphrased his answers, publishing that he said "it was a handshake deal with a Panamanian man that resulted in something like 110 emeralds up front and then a semi-regular trickle of rough stones over a few years following," and that "there was never formal ownership."

The wealth earned from the investment in the mine was quantified to be about $400,000 USD, taking into account inflation when Arnold's piece was written in 2021, according to Errol. "Errol also quoted a lower number to me over the phone," Arnold wrote. "He also claims he was getting emeralds from other sources, with only 60-70% coming from this venture."

So maybe not a whole emerald mine, but like an unofficial small stake in an emerald mine? Still, 400k ain't bad at all for a handshake deal.

[-] Mongostein@lemmy.ca 1 points 11 months ago

Yeah, I don’t buy it. Rich people lie and hide their money all the time.

this post was submitted on 17 Dec 2023

318 points (77.7% liked)

Technology

59483 readers

1741 users here now

This is a most excellent place for technology news and articles.

Our Rules

Follow the lemmy.world rules.
Only tech related content.
Be excellent to each another!
Mod approved content bots can post up to 10 articles per day.
Threads asking for personal tech support may be deleted.
Politics threads may be removed.
No memes allowed as posts, OK to post as comments.
Only approved bots from the list below, to ask if your bot can be added please contact us.
Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago

MODERATORS