How much money does Elon Musk make a second?
Elon Musk is a popular brand rather than only a name. He is the richest person in the world as per 2021 data by surpassing the founder of Amazon, Jeff Bezos who was occupying the first position since 2017.
As per the data in Forbes, his net worth is around $269.7 billion.
And, we all know that he has bought Twitter recently by spending a one-sixth portion of his net worth.
Besides, he is also a 21% stakeholder of EV Company Tesla but half of it has been pledged.
In this guide, we will have a look at the overall net worth of Mr. Elon Musk. We all know that he is a combination of a business magnate, engineer, inventor, and also investor.
So, let’s have a walkthrough about how much money does Elon Musk make a second and also other important things.
We have prepared a guide with the sole intention to motivate you and make you aware of how to make money and also the importance of financial literacy in life.
This financial literacy has made Elon Musk the richest person in the world.
About Elon Musk
Everyone must have heard of Elon Musk at least once whether he or she is a tech enthusiast or not.
So, it is a stupidity to include this section in this article about Elon Musk. Still, let’s know some more about his personal life before moving directly to his net worth or the money he has.
Born on 28th June 1971, Elon Musk currently holds citizenship in South Africa (his birth country), Canada, and the US.
At the age of 12, he learned computer programming and created a BASIC-based video game, called Blaster. That one he sold to the PC and Office Technology magazine for 500 dollars.
Then, he started a software company called Zip 2 with his brother which was like the Google Maps.
This was sold by him to the COMPAQ for 22 million US dollars. After that, Elon Musk invested $ 10 million to start a financial service company, x.com which merged with Confinity after 1 year.
Later, it emerged as PayPal which eBay purchased for 1.5 billion dollars offering a share of 165 million dollars to Elon Musk.
In the year 2008, Elon Musk was appointed as the CEO of Tesla and within 5 years, it became the 2nd largest company to provide Solar Power systems in the US.
Net Worth of Elon Musk
SpaceX is one of the largest organizations to make space travel to Mars a reality. Mr. Elon Musk is the founder, CEO, and CTO of SpaceX.
Besides, he is also one of the founders, a Series A investor, CEO, and product architect of Tesla Inc. Alongside, he is a co-chairman of OpenAI, and NeuraLink’s founder, and CEO.
Earlier, he was also one of the founders of SolarCity, Zip 2, and X.com which was later renamed PayPal.
The net worth of a person implies his/her current assets deducting the current liabilities.
When it comes to the net worth of Elon Musk, is almost around 270 billion dollars. It has almost risen by 21% over the past few years.
Elon Musk has been listed as one of the most powerful people in the world because of his business style, hard work, dedication, invention, and innovation capabilities.
These things not only helped him to create a massive net worth but also a high amount of respect among the people.
Recently, Elon Musk bought Twitter for $44 billion. Initially, he held a 9% stake in this company, but he offered to buy Twitter.
According to the Wall Street Journal, Twitter was not ready for this earlier but the deal finally progressed when the Secure Financing was proposed.
A brief overview of his assets
Some of the assets of Elon Musk are –
- House: In 2016, he has bought a luxury house in Los Angeles. As estimated, this property’s value is $25 million.
- Cars: Elon Musk owns a lot of cars that are some of the best luxury cars in the world. Some of the popular car brands from his collection include Ferrari, Bentley, Jaguar, Rolls Royce, and Tesla.
- Investments: He has invested heavily in some of the popular tech sectors like Space, AI, Solar, electric cars, and more.
How much money does Elon Musk make a second?
From the share Elon Musk got from selling PayPal, he used it to set up Tesla and SpaceX with which his net worth touched 2 billion dollars and made a position on the Forbes list.
In 2020, this was $25 billion but after that, the Tesla stock price reached a new high due to the Covid-19 pandemic.
That made his net worth from $25 billion to $270 billion today.
Thus, it can be inferred from here that his wealth depends a lot on the Tesla stock price.
For knowing “how much money does Elon Musk make a second?”, there is a way. You can head over to the website called ‘Elon Musk Earning Calculator’ where you can calculate his earnings.
As per that, Elon Musk earns more than $22,500 in a minute which implies $375 per second. So, Elon Musk makes about 400$ in a second approximately.
Frequently Asked Questions (FAQs) –
Is Elon Musk a billionaire?
Yes, he is a billionaire for nearly two decades now.
Who is the wife of Elon Musk?
Talulah Riley is the wife of Elon Musk.
What is the age of Elon Musk?
Elon Musk is nearly 51 years old now
What is the annual salary of Elon Musk?
The estimated salary of Elon Musk is around $2400 million a year.
Hope this article was enough to clear the doubt in your mind regarding how much money does Elon Musk make a second.
He is not only the biggest businessman but also a great philanthropist and gets involved in various social activities.
He donates a large portion of his income to different charities. All these things have helped to establish Elon Musk as a popular brand across the globe.
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