How Much Does Elon Musk Make A Day?
by Mashum Mollah Entrepreneurship 05 November 2022
“When something is important enough, you do it even if the odds are not in your favor.”-Elon Musk
How Much Does Elon Musk Make A Day?
Be honest!
We all want to know this. And we also want the formula that made him the wealthiest man on this globe, the CEO of Tesla. Tesla is an evolutionary project in the automobile sector. He has always been in the news for his doings.
Now, he has become such a person that whenever he does, it comes in the news and shakes the entire world.
You might remember the time when Elon Musk made a statement he had invested in Dogecoin. After that, the demand for Dogecoin increased significantly. It’s like everyone has started buying Dogecoin.
So, it is obvious for anyone to get curious about this man’s earnings.
How Much Does Elon Musk Make A Day?
A lot of us might know, Musk’s wealth is attached to the stocks of Tesla on Wall Street. And as a result of that, when Tesla’s number goes up, it automatically takes its income to the sky. In January 2022, on a single day, Elon Musk made a jump of $33.8 billion.
All thanks go to the rise of Tesla Stocks.
The net worth of Elon Musk is calculated 2022 to be about $273 billion. So, on average, he makes $432 per day.
“I always invest my own money in the companies that I create. I don’t believe in the whole thing of just using other people’s money. I don’t think that’s right. I’m not going to ask other people to invest in something if I’m not prepared to do so myself.” – Elon Musk
Elon Musk’s Wealth And Income: Breaking Down
“Brand is just a perception, and perception will match reality over time. Sometimes it will be ahead, other times, it will be behind. But brand is simply a collective impression some have about a product.” – Elon Musk.
We all know that Elon Musk has beat Jeff Bezos as the richest person alive on earth. Here, I would like to mention that, just like many billionaires, his fortune is mainly based on stock holdings.
Apart from that, SpaceX is also one of the major sources of income. This basically involves making a huge amount of money just by charging commercial and governmental clients for transporting different types of items into space, like supplies for the Space Station, satellites, and people.
Since the year 2017, Musk’s fortune has grown by 129% on a yearly basis. As a result, he joined the trillion-dollar club within just 2 years. It is expected by the year 2024, its net worth of Musk will reach $1.38 trillion, as per the Approve research.
In the first quarter of 2022, that had 69 weekdays, Musk likely earned $23 billion. It is assumed that he was also paid on holidays. So, as per that data, he might have earned $333.33 million per day.
Technically, Musk does not earn any salary. As the company’s CEO, and the majority of the stakeholders of Tesla, he only gets paid when the market capitalization and financial growth of Tesla reach certain targets.
How Much Does Elon Musk Make?
So, now you know, “How much does Elon Musk make a day?”
You might also want to know how much the Tesla Man actually makes. Though Musk has been extraordinarily wealthy for several years, since the year 2018, his fortune has increased significantly.
Just 4 years back, his net worth was around $19.9 billion, as per Forbes. And for the latter 2 years, his net worth has been relatively steady; in 2019, it was $22.3 billion, and in 2020 it was $24.6.
Then the year 2021 came, and his fortune surged to $151 billion. Here, I would also like to mention, the net worth of Musk’s net worth has increased higher than the market value in comparison to the following as of 24th October 2022.
- Sun Life Financial: $24.11 billion.
- Deutsche Bank: $18.29 billion.
- Dell Technologies: $27.23 billion.
So, to be honest, it is excellent to be Elon Musk. He is the richest man on earth and earns more in a day compared to the amount an average person makes in their lifetime.
Several times more!
Facts And Stats About Elon Musk’s Income
Here are some wealthy stats about the Present Richest Man in the world.
| As per Forbes’s report, he is currently the richest man in the world with a $253 billion net worth. |
| In an hour, Musk makes approximately $81.25 million. |
| Since the start of the global Coronavirus pandemic, the net worth of Elon Musk has grown to $234 billion from $24.6 billion. |
| He was born into a really wealthy South African family. |
| The first check that Musk got was for video game development. Interesting! |
| His first business, Zip2, was sold for 4307 million. |
| Elon Musk is the owner of Tesla’s 25% share. |
| He does not get any salary from Tesla. Instead of that, he has chosen to be paid in stocks. |
| $36 billion: it is the highest record amount that Musk has made in a single day. |
| In 2021, He claimed that he would pay more taxes than any other American in the history of the US in the same year. |
| When he sold PayPal to eBay, he made $180 million. |
| You might be surprised to know that Musk allegedly owns 2.5 million Dogecoins. |
| In the year 2021, Elon Musk also bought $1.5 billion in Bitcoin. |
| Per second, on average, Musk makes $375. |
| Since Musk offered to buy Twitter, Musk lost $49 billion. |
Wrapping It Up!
Now, you not only get the answer to “How Much Does Elon Musk Make A Day?” but also his net worth and other financial stats. I believe you will get some inspiration and start working on your dream. If you want to know anything about his business and others, let me know in the comment section.
I will try to come up with another article as soon as possible.
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