This Is How Much Elon Musk Makes Every Year, Day, Hour, and Second

Elon Musk has earned a staggering $140 billion in a single year. He makes $44 million per day and over $1,800 per second through his investments and rise in net worth. Read this guide to understand Musk‘s path to becoming the world‘s richest person and just how much money he makes at different intervals.

Musk is no ordinary CEO. As the leader of Tesla, SpaceX, Neuralink and more recently Twitter, he oversees major technological advancements while his own wealth skyrockets. His net worth grew over 6,000% from $3 billion to $189 billion between 2012 and 2021 alone. Numbers like that are hard to wrap your head around.

Just look some of the mind-boggling facts detailed in this article:

  • In 2020, Musk made $6,500 per second or $140 billion for the full year
  • His current daily income amounts to $44 million
  • He makes in one month what it would take over 50,000 years for someone earning the average U.S. salary of $51,916 to make

As you‘ll see, Musk has earned more money in recent years than one could reasonably spend in a thousand lifetimes.

From Humble Beginnings to Billionaire

Musk‘s path began in South Africa, where he coded his first video game at age 12 before immigrating to Canada and eventually the U.S. for college. After earning degrees in physics and business, his entrepreneurial career kicked off in 1995.

Key Companies Founded or Co-Founded by Musk

CompanyYear FoundedRevenue Upon ExitMusk‘s Cut
Zip2 (online maps/business directories)1995$307 million (Compaq acquisition)$22 million (online financial services)1999$1.5 billion (PayPal sale)$165 million
SpaceX (rockets, spacecraft)2002
Tesla (electric vehicles)2003

After earning around $180 million from Zip2 and PayPal, Musk founded SpaceX in 2002. Two years later he joined electric vehicle startup Tesla Motors, eventually becoming CEO and guiding it to prominence.

Musk‘s Net Worth Rapid Growth

Musk first joined the billionaire club in 2012 with a net worth around $2 billion. Fast forward to 2023, and his net worth sits at $189 billion. That‘s a 6,700% increase in just 11 years.

The mind-boggling growth of his net worth over the past decade is shown here:

Chart showing Elon Musk's net worth over time

As you can see, the most substantial net worth increases happened in 2020 (+$140 billion) and 2021 (+$121 billion) as Tesla‘s soaring stock price boosted the value of his holdings.

To put these numbers in perspective, consider that:

  • In 2021 alone, Musk‘s wealth grew by 4 million times the U.S. annual median household income
  • It would take the average American 401 years to earn Musk‘s $118 billion net worth increase for 2021

Breakdown of Musk‘s Annual Earnings

Musk‘s exact annual salary or corporate earnings are unclear. Unlike traditional executives, he does draw a standard salary.

Rather, SEC filings reveal that his wealth comes from things like:

  • Vesting stock options in Tesla and his other companies
  • Selling portions of his existing shares
  • Overall rising share prices increasing the value of his holdings

So to estimate his annual earnings, we can look at how his net worth changes over time.

Between 2012 and 2023, Musk‘s net worth grew from around $2 billion to $189 billion. That equates to average annual earnings of $16 billion from the increase in his investments and ownership stakes.

For context on how enormous that is:

  • It would take over 229 years for the median U.S. household ($70,784 annual income) to earn $16 billion.
  • Compared hourly, Musk earns more in one minute than the average American household makes in six entire months.

And that‘s just the average change per year. During the most substantial gains in 2020 and 2021, Musk earned around $140 billion and $120 billion respectively.

Musk’s Daily, Hourly and Per Second Income

Now let‘s break his income down into smaller intervals to truly demonstrate the pace at which he amasses his fortune.

Per Day

Earning $16 billion annually works out to $44 million per day on average when the stock market is open. That’s over:

  • 5,700 times the U.S. household median annual income – per day
  • Enough money in one day to give every one of the 50,000 people living in Musk’s hometown of Pretoria, South Africa $880

Per Hour

Taking it a level deeper, Musk earns $1.85 million per hour.

Some perspective on how extreme that figure is:

  • It would take 23 years for the median income American household to earn $1.85 million
  • There are over 1,700 hours in an average person‘s working year. At Musk‘s rate per hour, he pockets enough annually to pay that person‘s yearly salary every 45 minutes.

Per Second

The fastest interval gives the most mind-numbing view of Musk‘s earnings.

He makes approximately $513 per second. That‘s more than:

  • 7.5 times the $68 median U.S. wage per hour
  • 36 times what the average South African worker makes in one day

Musk can buy a brand new Tesla Model 3 in about one minute of earnings.

Outlook for Future Earnings

Of course, Musk has no plans to slow down. If anything, his earnings appear primed for further growth.

In late 2022, Musk closed on a $44 billion deal to buy Twitter. Between revamping premium subscriptions and diversifying revenue streams, Twitter shows significant moneymaking potential going forward.

At the same time, the launch of the hotly anticipated Tesla Cybertruck could turbocharge stock gains and his net worth. Tesla continues expanding production capacity globally while rivals rush into the EV space Tesla pioneered.

Between his existing portfolio and the levers available for future monetization, Elon Musk shows no signs of losing momentum as the world‘s wealthiest person anytime soon.

I hope this breakdown helped provide perspective on how Musk amassed his otherworldly fortune! He earns more in a month than you or I would in 50,000 lifetimes. His income scaled all the way from annual and daily down to per hour and per second is simply staggering.

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