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Elon Musk's Mother Reveals That the Billionaire Once Lived in a Rent-Controlled Apartment

Maye Musk's revelations illuminate Elon Musk's journey from modest beginnings to global prominence, showcasing resilience and determination.
Tesla Motors CEO Elon Musk and mother Maye Musk | Getty Images | Photo by Charles Eshelman
Tesla Motors CEO Elon Musk and mother Maye Musk | Getty Images | Photo by Charles Eshelman

Elon Musk is not just the owner of firms such as Tesla, SpaceX, and Twitter now known as X, but he is also a public figure who can trigger media frenzy with a single statement, sway stock prices with a tweet, and even turn a meme coin into an actual crypto asset by endorsing it. Needless to say every detail about Musk's current life is news and revelations from his past only fuel the evolution of his myth.

In a recent social media post, Maye Musk, mother of tech mogul Elon Musk, offered insights into their modest upbringing, shedding light on the early years that shaped Elon's path to success. Despite the Tesla CEO's status as one of the wealthiest individuals globally, Maye's reflections paint a picture of resilience and determination in the face of financial adversity.


The post, featuring a throwback photo from 1990, captures a young Elon Musk in his first suit, set against the backdrop of their rent-controlled apartment in Toronto. Maye Musk reminisces about their frugal lifestyle, revealing that Elon's single suit, priced at $99, served as his daily work attire due to financial constraints. The apartment walls adorned with Maye's artwork reflect a life devoid of extravagance, where every penny counted.

Maye Musk's revelations extend beyond mere anecdotes, offering glimpses into their everyday struggles and the sacrifices made to make ends meet. Recalling their time in Toronto, she recalls Elon sleeping on the couch in their modest abode, highlighting the challenges they faced as a single-parent household. Maye recounts the meticulous budgeting required to afford $5 sheets and the eventual purchase of furniture.

Elon Musk attends the 2015 Vanity Fair Oscar Party | Getty Images | Photo by Pascal Le Segretain
Elon Musk attends the 2015 Vanity Fair Oscar Party | Getty Images | Photo by Pascal Le Segretain

However, Maye Musk's parenting focused on more than mere survival; by instilling values of self-reliance and consideration for others in her children. Despite the hardships, Maye remained steadfast in nurturing her children's potential, shaping them into individuals capable of overcoming adversity and achieving greatness. Contrary to rumors suggesting a privileged upbringing, both Elon Musk and his mother vehemently refute such claims. Elon emphasizes his middle-income upbringing, devoid of significant financial support from his father after high school, debunking misconceptions surrounding his early life.

Maye Musk's story serves as an inspiration, further bolstering the notion that success is attainable through hard work, resourcefulness, and a supportive environment. Elon Musk, the entrepreneur and innovator later went on to bag a net worth of approximately $190 billion as of March 2024. He started off this journey in 1995, when he co-founded Zip2, an online city guide software company, laying the foundation for his future ventures. Subsequent endeavors, including the creation of, which later evolved into PayPal, and the founding of SpaceX, marked the beginning of Musk's meteoric rise to prominence. Musk made headlines in 2022 with his acquisition of Twitter which is now known as X, but is also known for controversial statements and moves such as false claims about taking Tesla private. Beyond his business ventures, Musk's philanthropic efforts have left an indelible mark on society. As the president of the Musk Foundation, he has spearheaded initiatives aimed at advancing renewable energy, combating climate change, and supporting educational endeavors.