Tesla Inc CEO Elon Musk’s investment advice to his Twitter followers on Sunday drew a financial anecdote from his mother Maye Musk as well.
What Happened
The 74-year-old Maye, a former model, shared her first stock story from over five decades ago when she won 100 rands in a beauty competition in South Africa.She said she had invested the amount in the stock market on the advice of a “broker friend,” but it soon dropped to a tenth of its value.
Maye said she later put the stock in her son’s name and discovered in 1989 that its value had soared to $2,000, which she used to send Musk to Canada when he was 17 years old.
My first stock story is in my book. 1969: Won R100 from a beauty competition. A stockbroker friend told me to put it into the stock market. Dropped to R10. 1971: So disappointed I put it into Elon’s name. 1989: Found it. It was $2000 and paid for @elonmusk to move to Canada? https://t.co/6IoAPUphRf
