this post was submitted on 19 Sep 2023
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The emerald mine is a red herring, he didn’t actually get any significant (on this scale) wealth from it. He was just lucky to be on the PayPal team at the right time and that’s where his fortune got its real start.
The emerald mine paid for his Ivy league education, and multiple attempts to get an engineering degree. Also his entire upbringing was funded by it.
So much more than what anyone else got.
He also bought PayPal with the same money.
More than most, but basically nothing when we're talking about his wealth. The emerald mine has basically nothing to do with how he became a member of the 1% let alone the ultra wealthy. He basically grew up in an upper-middle class home and is one of the few who found massive wealth during the dot com boom.
Further Reading: https://www.snopes.com/news/2022/11/17/elon-musk-emerald-mine/