See below snopes article and their conclusion.
What We Know About Elon Musk and the Emerald Mine Rumor | Snopes.com
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Since at least 2018, a rumor has been shared online about Tesla CEO and Twitter owner Elon Musk in regard to his father's purported past ownership of an "apartheid emerald mine" or "slave emerald mine." The gist of the claim was that Elon's father, Errol Musk, who reports say has been estranged from his son for some time, owned an emerald mine during apartheid in South Africa, and that it was seed money from his father's wealth from the mine that made it possible for him to become the American billionaire he is today.
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And their conclusion below. The article has extensive sources, pretty interesting read.
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Here's a summary of our findings: We located reporting from as far back as 2009 and 2014 that said when Elon Musk ("Elon" herefafter) was a child in South Africa in the 1980s, his father ("Errol" hereafter) at some point owned "a stake in an emerald mine" near Lake Tanganyika in Zambia, not South Africa. Beyond that, we were unable to find any evidence that showed money generated from his father's involvement in the mine helped Elon build his wealth in North America.
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