This most definitely is false. Elon grew up middle class at best.
From wikipedia:
"The family was very wealthy in Elon's youth; Errol Musk once said, 'We had so much money at times we couldn't even close our safe.'"
https://en.wikipedia.org/wiki/Elon_Musk#Childhood_and_family
We have a pretty good idea what Errol's net worth is, and it's a couple million bucks.
The emerald mine in question was purchased for the equivalent of $40,000.
I should note that my working definition of "wealthy" doesn't mean they never have to work again, or don't have to work to maintain their desired lifestyle. Other people may have different benchmarks. As you said, abstract measures aren't easily quantified, and someone else's benchmark for wealthy may be higher.
There is a good reason why the family left SA the moment apartheid was abolished and why Elon Musk never went back since the end of apartheid.
Every entitled chuckle-duck born with a silver spoon in their mouth likes to launder their past to make them look self-made. Elon is no different.
[1] https://en.wikipedia.org/wiki/Treasure_Islands:_Tax_Havens_a...
People WANT to believe a mythology that Elon started off rich to feel better about not accomplishing anything with their own equally or more privileged life. People that started with little themselves don't have this level of cognitive dissonance and see it more as an immigrant success story and inspiration.
He left South Africa at 17 with no money to speak of. He's estranged from his father for reasons no one talks about, which makes the father's possible wealth irrelevant.
And yet this "apartheid emerald mine fortune" is such a good story that it will keep being "internet true" forever.
https://savingjournalism.substack.com/p/i-talked-to-elon-mus...
Attacking the very idea that it's even possible to know the truth is what you do when the truth isn't on your side.
I'm sure many HN regulars have homes costing much more than a safe full of $13 notes.
I wouldn't be too confident that "We had so much money at times we couldn't even close our safe." is an amount of money that would actually make someone particularly wealthy by American standards without doing a fair bit of research on what currency that safe would have been full of and how much it had been worth at the time.
On top of that, his father has claimes he sold the plane for the equivalent of about $300,000 in today's money and used some of it to purchase shares in gemstone mine, which then went on to make them even wealthier. This isn't independently confirmed. His father may have exaggerated. However others have said his family also own the largest house in the area, which sounds wealthy to me.
Elon has disputed some of this, but not offered details beyond merely disputing some of this. He said his parents have been supported financially for the last 20 years, but going back 20 years from when he made that statement would put it in the late 90's, so it is not incompatible with growing up wealthy even though he now supports his parents. Plenty of multi-millionaires would tell their parents, "Hey, if you don't want to you don't have to work anymore. I got this".
Also none of this is incompatible with Elon's own account of arriving in Canada with little money & ending up with student debt. It's possible Elon exaggerated but for these purposes I'll take him at his word. Because by his own account Elon didn't like Apartheid. His father also has a reputation of being quite an asshole. It would be perfectly understandable for him to "peace out" and go his own way, and it wouldn't change the fact that growing up his family was wealthy. In fact I know someone who did pretty much the same thing: Their father was terrorized the family in fear & abuse, but was extremely successful with a very expensive first house, another vacation home, etc. His father wanted him to continue in his (professional) footsteps but he wanted none of it, joined the military for the free education and after getting out went on to become extremely wealthy himself.
Either way, scrounging by to purchase a $300,000 luxury good (today's $ for the sell price of the plane) still qualifies a person as wealthy in my book, especially when taken together with owning the largest home in their area & his father's real estate & consulting business. It still means you had at least $300,000 in disposable income. Just because you choose to spend all of your disposable income on something like that doesn't mean you aren't wealthy.
> Interviews with relatives and former classmates reveal an upbringing in elite, segregated white communities that were littered with anti-Black government propaganda, and detached from the atrocities that white political leaders inflicted on the Black majority.
> Mr. Musk, 50, grew up in the economic hub of Johannesburg, the executive capital of Pretoria and the coastal city of Durban. His suburban communities were largely shrouded in misinformation. Newspapers sometimes arrived on doorsteps with whole sections blacked out, and nightly news bulletins ended with the national anthem and an image of the national flag flapping as the names of white young men who were killed fighting for the government scrolled on the screen.
> “We were really clueless as white South African teenagers. Really clueless,” said Melanie Cheary, a classmate of Mr. Musk’s during the two years he spent at Bryanston High School in the northern suburbs of Johannesburg, where Black people were rarely seen other than in service of white families living in palatial homes.
They go onto say that Musk had black friends and left SA to avoid serving the apartheid government via mandatory military service.