How much does Elon Musk make a day?
CEO of Tesla and Space X CEO is one of the wealthiest people on Earth. Of course, we are talking about Elon Musk, the richest person according to the Bloberg billionaire index from July 2023.
So how much does Elon Musk make a day? How much does he make per week and week? These are the questions we answer in this article.
Moreover, we give you an overview of his Noteworthy Investments and also put in perspective Elon Musk’s income and Elon Musk’s earnings v. an average person’s earnings in the US today.
How Much Elon Musk Makes: Noteworthy Investments and Sales
Elon Musk’s earnings from notable investments and sales are quite substantial. He made a profit of approximately $20 million when he sold Zip2 to Compaq for $307 million.
Additionally, he earned around $175 million from the sale of PayPal to eBay for $1.5 billion. Musk used a portion of his $100 million fortune to establish SpaceX, a space exploration company and invested $6.5 million in Tesla.
In 2012, he made a $100 million investment in Neuralink. In 2017, he acquired the X.com domain from PayPal, mainly for its sentimental value.
Tesla awarded Musk a pay package in 2018 that helped make him the richest person on Earth. The net value of the CEO compensation package is $50.9 billion today after Tesla’s valuation soared more than 1,000% at its peak since shareholders approved the package.
Elon Musk’s fortune surges $36 billion in only one day after Hertz’s Tesla order. It was the biggest one-day gain in the history of the Bloomberg Billionaires Index.
Throughout 2022, Musk gradually purchased Twitter stock and eventually became the owner of 9.2% of the company. In October 2022, alongside investors such as Vanguard Group and BlackRock Fund Advisors, Musk acquired Twitter for a hefty sum of $44 billion. By December 2022, Elon had sold approximately $40 billion worth of Tesla stocks.
On the list of the world’s high-profile CEOs and business executives in 2023, Musk is in 91 places.
Elon Musk Net Worth
The Bloomberg Billionaires Index shows Musk’s net worth at $172 billion. However, it’s important to note that net worth can fluctuate significantly over time due to changes in the value of assets, investments, and other financial factors.
For the most up-to-date information on Elon Musk’s net worth, it is recommended to refer to reliable sources such as financial publications or Forbes’ real-time billionaire tracker.
So, how much does Elon Musk make a day?
How much does Elon Musk make per day
How Much Does Elon Musk Make In A Day?
Musk earns millions per day. Based on an annual revenue of $16.18 billion, Elon Musk generates approximately $44.38 million on an average day of trading.
To put this into perspective, there are only around 140,000 individuals in the United States who possess a net worth of $50 million or more. If Elon were to dedicate his daily earnings to random individuals who are not millionaires, he could increase that number by 336 people each year.
The Amount Elon Musk Earns in an Hour
When you examine his earnings more closely, you will discover that Elon Musk makes approximately $1,847,000 per hour. This surpasses the lifetime earnings of most individuals. Assuming that the average income in the US is $50,000, the majority of people earn around $1.7 million throughout their lifetime.
Before taxes and living expenses are taken into account, which often make up 60-80% of one’s income, most individuals do not reach millionaire status during their lifetime.
And how much does Elon Musk earn per second? To put this into perspective, Elon Musk earns $513 every second, which is over twice the amount the average person earns in a full day of working an 8-hour shift. It is also more than what some people make in a week in the United States.
How much does Elon Musk make per week and per month?
Elon Musk enters Guinness World Records for biggest loss of personal fortune in history
The owner of Tesla and Twitter has lost $ 182 billion since November 2021. An astronomical record sum that sends the multi-billionaire to Guinness.
He has reportedly lost $182 billion (€170 billion) since November 2021, largely due to Tesla’s falling share price. Entering the Guinness World Records for the greatest loss of personal fortune in history, reports the Guardian.
“Musk’s net worth fell from $320 billion in 2021 to $138 billion in January 2023, largely due to the poor performance of Tesla shares,” Guinness said in a report, citing figures obtained from Forbes.
Dethroned by Bernard Arnault
In 14 déc. 2022, Elon Musk has lost his crown as the world’s richest person, after further falls in the value of shares in his electric car company Tesla.
Although the document concedes that the exact figure is “almost impossible to determine”, it notes that Elon Musk’s total losses “far exceed” the previous record of 58.6 billion dollars (54 billion euros), suffered by the Japanese technology investor Masayoshi Son in 2000.
Already in December, the owner of SpaceX lost his position as the richest man in the world in favor of Bernard Arnault, the general manager of the French conglomerate of luxury goods LVMH, owner of the fashion brand Louis Vuitton.
Estimates from Forbes on Thursday January 12 put Bernard Arnault’s net worth at $203.7 billion (€190 billion) and Elon Musk’s at $146.5 billion (€136 billion).
The majority of Elon Musk’s fortune is tied to Tesla stocks, the value of which fell 65% in a tumultuous 2022, according to the Guinness World Records report. Growing concerns about weakening demand and logistical issues have hampered deliveries from the automaker. The decline in the billionaire’s fortunes accelerated further in October after Elon Musk bought Twitter for around $44 billion (40 billion euros).
However, at the time of this writing as Blomberg reports, Musk is again at the top of the list with $247B total net worth. He’s followed by Ardanult and unavoidable Jeff Bezos and Bill Gates.
Comparison to Average Person’s Income
With this in mind, based on the salaries studied by the OECD, our colleagues wondered how long an average person should work to be as rich as him. In this little game, the figures concerning Elon Musk are quite staggering.
An American will have to work 3.1 million years to get his salary if we consider that he earns 69,392 dollars a year.
It is roughly the same comparison established with Bernard Arnault for a Frenchman, who should work 3.5 million years with an average salary of around 40,000 euros, decrypts Statista. And it could be worse if we refer to the median net salary, unfortunately, not available for all countries.
The numbers are a little less impressive (although) if we compare the number of years a German would have to work (900,000 years) to join Lidl boss Dieter Schwarz. It would take 1.2 million years for a Canadian to amass the fortune of Changpeng Zhao (Binance) and 1.6 million to compete with Amancio Ortega (Inditex-Zara) in Spain.
On the other hand, the figures soar elsewhere. It would take 5 million years for a Mexican to reach the fortune of Carlos Slim (Grupo Carso, America Movil, Telmex), and 15.3 million for a Chinese to have the money of Zhong Shanshan (Nongfu Spring).
And the numbers are exploding in India: it takes an Indian more than 17.4 million years to be as rich as Mukesh Ambani (a businessman who runs Reliance Industries).
The average salary of 5,000 dollars in the country plays a big role. Comparisons, of course, are made for informational purposes only and should not scare billionaires, who have increased their fortunes much more during the period of Covid-19 than in a decade.
How Elon Musk Makes His Money?
Elon Musk became rich at an early age. His first company, an online publishing tool for newspapers, was sold to Compaq in 1999 for 22 million when he was twenty-seven. In 2002, he sold the PayPal online payment platform to eBay for 1.4 billion. With the hundred million that he withdrew from the sale, he founded SpaceX, with the crazy idea of creating reusable rockets. His unlisted company is under contract with NASA.
He made his appearance on the Forbes list of billionaires in 2012 thanks to Tesla, IPO two years earlier, and the launch of the Model S. While Tesla and SpaceX mobilize most of his time, this curious engineer has continued to multiply companies, investing in solar panels and in cryptocurrencies. Elon Musk also created Neuralink (brain implants to enable the paralyzed to walk) and The Boring Company (tunnelling).
