this post was submitted on 17 Dec 2023
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317
Five People Founded Tesla, But Only Elon Musk Became Extremely Rich (open.substack.com)
submitted 11 months ago by [email protected] to c/[email protected]
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[–] [email protected] 3 points 11 months ago (2 children)

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

[–] [email protected] 1 points 11 months ago (1 children)

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.

[–] [email protected] 1 points 11 months ago

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

[–] [email protected] 1 points 11 months ago (1 children)
[–] [email protected] 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.