Featured Image Credit: Marc Piasecki / Contributor / Variety / Contributor / Getty
From co-founding several companies to owning valuable shares, Elon Musk is on track to become the world’s first trillionaire by 2027.
Now the world's richest man, the Tesla CEO has a current net worth of $252.5 billion, as reported by Forbes.
Musk co-founded six companies, including electric vehicle manufacturer Tesla, rocket and spacecraft designer SpaceX and tunnelling startup Boring Company.
According to Informa Connect Academy, the tech businessman's wealth is growing at an incredible rate of 110% per year. And if that continues, he could reach $1 trillion in just three years.
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When you take a closer look at how much Musk makes per day, the figures are pretty astounding.
Since he sold his PayPal shares and became a billionaire in 2013, his fortune has skyrocketed by more than $208 billion.
The Tesla CEO Elon Musk makes $54.55 million per day on average or more than $2.27 million per hour - that's $37,879 per minute and $631 per second.
The data was recorded for the past 11 years since Musk sold his stake in PayPal and became a billionaire, as per the Bloomberg Billionaire Index.
If you look at it based on an 8-hour workday, Musk pulls in about $6.8 million per hour and $113,636 per minute. For context, that's around 38% more than the average American earns in a year.
Per week? That's about $382 million and per month is about $1.53 billion.
Finally, on an annual basis, the investor racks in about $18.3 billion a year. That's a lot of dough!
But more practically, Musk's wealth is prone to fluctuations due to his investments.
He owns about 12% of Tesla excluding stock options, but has used more than half his shares as collateral for personal loans, which total up to $3.5 billion.
As for SpaceX, the company is now valued at nearly $180 billion after a big stock tender offered $750 million in December 2023.
The SpaceX stock has quintupled its value in four years. So, if Tesla and SpaceX keep growing, Musk’s already massive fortune could get even bigger.
Despite all that eye-watering amount of money, Musk has been known to live quite modestly. He owns almost no physical possessions and recently downsized to a small, two-bedroom 'box' house, selling off his five grand houses in California.
