Elon Musk’s Daily Salary: 16 Key Facts & Stats
There’s no doubt that Elon Musk is a multi-talented individual. To name a few of his accomplishments, he is an entrepreneur, engineer, and inventor. But how much does he really make?
We decided to investigate, and believe it or not, the answer is far more extensive than you might think. Continue reading if you want to learn more.
Elon MuskHow Much Money Does Elon Musk Make in a Day?
Based on Elon Musk’s net worth of $253 billion, we can estimate that he earns around $650 million per day. That works out to $81.25 million per hour.
Elon Musk, of course, did not become a billionaire overnight. It took him many years of hard work and dedication to reach his current position at the top of the world. He began his career in video games before co-founding PayPal. He later became the CEO of Tesla and SpaceX.
15 Interesting Facts About Elon Musk’s Net Worth
Think again if you thought you knew everything about Tesla’s owner. Here are 15 statistics and facts that will help you understand how much money he makes.
1. Elon Musk is the world’s richest person, with a net worth of $253 billion.
According to Forbes, Musk made $253 billion in 2022, which works out to about $650 million per day. This means that Elon Musk’s daily income is greater than the GDP of some small countries, such as American Samoa, and greater than the average person will ever see in their lifetime.
2. Elon Musk earns about $81.25 million per hour.
Based on his net worth, Elon Musk gains approximately $81.25 million per hour.
To put this in context, the average American earns $32.08 per hour. This means it would take you over three thousand years to complete Elon Musk’s hourly pay
3. Since the start of the pandemic, Musk’s net worth has increased from $24.6 billion to $234 billion.
In March 2020, Elon Musk was worth more than $24 billion. Despite this, he increased his net worth by 793% during the pandemic as a result of Tesla’s share price increase..
4. Elon Musk was born into a prosperous South African family.
In fact, Elon Musk’s father’s net worth is nothing to be ashamed of. Elon Musk’s father, Errol Musk, is said to have a $2 million net worth.
Errol’s fortune stemmed from his work as a real estate developer. He also owned a number of mines. So, in essence, Elon Musk was born wealthy. He didn’t, however, rest on his laurels. He worked hard to achieve his goal and the level of success he has today.
5. Video game development was Elon Musk’s first source of income.
While Elon Musk’s net worth is expected to exceed $200 billion by 2022, it is worth noting that his first paychecks came from video game development. He created and sold a space-themed video game called Blastar when he was 12 years old $500.
Even as a child, Musk was clearly aware of how to make money.
6. Musk sold Zip2, his first company, for $307 million.
How did Elon Musk become wealthy? It all began in 1999, when Musk sold his first company, Zip2, to Compaq for $307 million in cash and stock options. While attending Stanford University, he developed Zip2 with his brother Kimbal.
7. Elon Musk owns 25% of Tesla’s shares.
As of 2022, Musk owns approximately 25% of Tesla’s shares. In addition to Tesla, Musk owns SpaceX, a private space exploration company valued at $125 billion.
8. Musk doesn’t receive a salary at Tesla. Instead, he chose to be paid in stock options.
Elon Musk’s salary is a bit different from the average person’s. Namely, he doesn’t receive a salary from Tesla. Instead, he is paid in stock options. This means that his pay is directly tied to the success of Tesla’s share price.
9. The largest amount of money that Elon Musk has ever made in a single day is $36 billion.
After Hertz Global Holdings Inc. decided to purchase 100,000 Teslas, Musk made a staggering $36 billion in a single day. In addition, Tesla shares rose 13%, putting the company’s market value at more than $1 trillion.
10. In 2021, Musk claimed he would “pay more taxes than any American in history” that year.
Exactly how much did Elon Musk pay in taxes for 2021? $11 billion. However, he has the option of obtaining money by using his company’s stock as collateral.
11. Elon Musk made $180 million from the sale of PayPal to eBay.
How much did Elon Musk sell PayPal for? The final figure was $1.5 billion. Yet, his take home was a bit less than that. I.e., he made $180 million from the sale.
12. Elon Musk allegedly owns 2.5 million Dogecoins.
Dogecoin is a cryptocurrency that was created as a joke. However, thanks to Elon Musk, DOGE could be the next crypto to explode. He allegedly owns approximately 2.5 million Dogecoins, which would be worth over $15 million.
Nevertheless, take this information with a grain of salt.
13. In 2021, Musk bought $1.5 billion in Bitcoin.
Tesla’s recent investment of $1.5 billion in Bitcoin has made Elon Musk one of the world’s major Bitcoin investors.
On that note, some think Tesla’s CEO is stirring up a hornet’s nest with his enigmatic tweets and remarks about Bitcoin and DOGE.
14. Elon Musk’s income per second amounts to $375.
This means that every minute, Musk is making approximately $22,500. In comparison, the third richest person in the world, Jeff Bezos, makes a mere $0.10 per second.
15. Elon Musk lost $49 billion since he offered to buy Twitter.
Tesla shares dropped 28% after Musk announced his bid to acquire Twitter for $44 billion. As a result, he lost $49 billion in net worth.
16. What Elon Musk is doing to Twitter
Conclusion
So, how much does Elon Musk earn? Elon Musk earns approximately $650 million per day. He made his fortune by founding and selling businesses, as well as through his ownership of Tesla. So far, he has amassed a fortune of up to $36 billion in a single day. He did, however, lose $49 billion in a single day.
This just goes to show that Musk is a very divisive figure, and while he inspires many, he also inspires many others. But there’s no denying he’s the world’s wealthiest person.
