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Despite losing top spot, Elon Musk rakes in $400,000 hourly
Elon Musk, the entrepreneur known for his involvement in a wide range of innovative and technological businesses, has recently been dethroned as the wealthiest individual in the world, with Bernard Arnault of LVMH taking the lead.
Despite losing top spot, Elon Musk rakes in $400,000 hourly
Elon Musk, the entrepreneur known for his involvement in a wide range of innovative and technological businesses, has recently been dethroned as the wealthiest individual in the world, with Bernard Arnault of LVMH taking the lead.
However, Musk's wealth and earnings, particularly how much he earns in smaller time frames like seconds, continues to be a topic of fascination.
According to information gathered by Finbold, Musk's net worth was estimated at $198.9 billion as of mid-February 2024. This valuation is primarily derived from his stakes in numerous ventures such as 20.5% in Tesla, 54% in Starlink, 42% in SpaceX, an estimated 74% in X (formerly Twitter), over 90% in The Boring Company, 25% in xAI, and a majority control of over 50% in Neuralink.
Out of these companies, Tesla's 2023 profits, which amounted to $17.66 billion, are the only publicly disclosed earnings. With his 20.5% stake in Tesla, Musk earned $3.6203 billion from the electric car manufacturer.
By dividing Musk's earnings from Tesla by the total number of seconds in a year, it has been determined that he makes approximately $114.80 per second. This translates to an impressive $6,887 per minute, $413,220 per hour, $9,917,280 per day, and $69,420,960 per week.
The significance of Musk's earnings was underscored in the research, despite his recent drop to the second wealthiest person globally. The report stated, "Elon Musk's financial prowess is nothing short of remarkable. Despite a dip in net worth from last year, he remains one of the wealthiest individuals globally, largely due to his diverse array of successful ventures. Through Tesla's electrifying innovations, SpaceX's ambitious space endeavors, and his involvement in various other ventures, Musk continues to leave an indelible mark on the world stage."
Musk's position among the world's wealthiest individuals remains contested by other prominent figures such as Jeff Bezos and Mark Zuckerberg.
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