Elon Musk, founder and CEO of Tesla, PayPal, SpaceX, and most recently, Twitter, is a man who is known for his creativity and originality.
His fortune increases by the billions as he becomes the richest man on earth. The question is, how much does he earn daily and how much is he worth exactly?
Musk’s daily income is based on the success of Tesla’s shares on Wall Street. Since the company’s 2020 Bull Market inception, revenue has skyrocketed to $432 million every day.
How Much Does Elon Musk Make Per Day?
If you’re Elon Musk, financially speaking, life is good. The wealthiest person in the world has daily earnings that are multiples of the typical person’s annual salary.
Although he has been extremely affluent for quite some time, his wealth has grown exponentially since 2018.
According to Forbes, his wealth was $19.9 billion just four short years ago. His wealth stayed at $22.3 billion in 2019 and $24.6 billion in 2020 before taking off in 2021.
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His wealth increased to $151 billion in the previous year and has continued to grow since then.
Profits for Tesla’s CEO were guaranteed to skyrocket as a result. On October 25, 2021, for instance, Musk made $37 billion.
His fortune grew because Tesla’s share price rose roughly 13% on a good day. Comparatively, on June 21, 2022, the market value of Dell Technologies was $36.41 billion.
Deutsche Bank was $21.12 billion, and Sun Life Financial was $27.26 billion, yet in only one day, Musk’s net worth climbed more than all three of those companies combined.
How Much Does Elon Musk Make Per Hour?
We’ll assume he works Monday through Friday, 9:30 a.m. to 4:00 p.m. EST, as his fortune is directly proportional to the performance of Tesla stock.
For a day’s work, this would translate to a 6.5 hour salary. The question of Elon Musk’s hourly wage may now be answered more precisely.
His hourly wage in the first quarter of 2022 is $51.30 million, based on his expected daily earnings of $333.33 million.
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We can all agree that Elon Musk is a man of numerous abilities. He has many skills, including businessman, engineer, and inventor. According to Forbes, Musk made $253 billion in 2022, or over $650 million per day.
That’s more money than some countries’ whole economies make in a year, like American Samoa, and more than most people will see in their entire lives combined.