uniladtech homepage
  • News
    • Tech News
    • AI
  • Gadgets
    • Apple
    • iPhone
  • Gaming
    • Playstation
    • Xbox
  • Science
    • News
    • Space
  • Streaming
    • Netflix
  • Vehicles
    • Car News
  • Social Media
    • WhatsApp
    • YouTube
  • Advertise
  • Terms
  • Privacy & Cookies
  • LADbible Group
  • LADbible
  • UNILAD
  • SPORTbible
  • GAMINGbible
  • Tyla
  • FOODbible
  • License Our Content
  • About Us & Contact
  • Jobs
  • Latest
  • Archive
  • Topics A-Z
  • Authors
Facebook
Instagram
X
TikTok
Snapchat
WhatsApp
Submit Your Content
How soon Elon Musk would run out of money if he spent $1,000,000 a day is blowing people's minds
Home>News
Published 16:55 24 Sep 2024 GMT+1

How soon Elon Musk would run out of money if he spent $1,000,000 a day is blowing people's minds

It would take a lot of years to bring Musk's wallet to zero

Rebekah Jordan

Rebekah Jordan

google discoverFollow us on Google Discover
Featured Image Credit: Jared Siskin / Contributor / NurPhoto / Contributor / Getty
Elon Musk
Tesla
SpaceX
Nasa

Advert

Advert

Advert

To think of the wealthiest people in the world today, your mind would turn to Elon Musk, Jeff Bezos and Bill Gates.

While some live more modest or philanthropic lives than others, you can't deny their wealth.

Musk has his hand in several billion-dollar projects.

For starters, his Tesla business has a net worth of $798.66 billion manufacturing electric vehicles.

Advert

Then, his SpaceX project is potentially partnering with US space agency NASA to properly dispose of the International Space Station when the time comes.

Jared Siskin / Contributor / Getty
Jared Siskin / Contributor / Getty

A lot of Musk's wealth also comes from his investments in the stock market.

But just how many days would it take for Elon Musk to go broke if he spent $1 million every day?

According to Forbes’ real-time billionaire list, the tech billionaire's current net worth is around $263.9 billion, and he’s on track to become the world’s first trillionaire by 2027. So, it would definitely be a long period of time.

Surprisingly, if Musk spent $1 million every single day, taking no breaks he would last an astonishing 610 years.

This is over 120 years more than Jeff Bezos would last, given that his net worth is currently $177 billion. It would take 484.9 years for the Amazon CEO to go broke.

It's also worth mentioning that Musk has a lot of his money tied up in investments, so while he could spend $1 million a day, he might actually have it last even longer since his assets would still be passively earning him money.

NurPhoto / Contributor / Getty
NurPhoto / Contributor / Getty

I'm not sure how most people would spend one million dollars every day, but maybe we could learn a thing or two from Universal Pictures' Brewster's Millions.

People have been flooding the comments of the post by thetrillionairelife on Instagram, amazed by Musk's wealth.

"This guy is loaded... holy," one Instagram user exclaimed.

"He's spending a lot more than that on a daily basis," another commented.

"His one second salary can fix my whole problem," wrote another.

Others took a more humorous approach saying: "Elon, can you please spot me a few?" and "Can i have some of that sir".

An Instagram user boldly added: "If he gives $1m to every single human, he will go broke".

  • Elon Musk is set to lose money every time someone deposits cash with X Money
  • Elon Musk finally dropped a Tesla bike, but it's not what anyone was expecting
  • Bizarre reason Elon Musk just spent one billion dollars on a massive gas turbine company
  • Elon Musk admits mistake he made during time as 'special employee' at the White House

Choose your content:

12 hours ago
13 hours ago
  • Universal Pictures
    12 hours ago

    Ariana Grande files lawsuit against hackers who allegedly infiltrated devices of her inner circle

    The pop diva wants to take on 'wrongdoers who hide in the shadows'

    News
  • Ekaterina Vasileva-Bagler / Getty
    13 hours ago

    Rising ‘Ozempic face’ side effect fuels cosmetic treatment boom as quick fix

    The so-called skinny jabs come with some potential cosmetic drawbacks

    Science
  • KWCH
    13 hours ago

    High school teacher arrested after clapping in support of anti-AI data center speaker

    Anti-data center sentiments are growing ahead of Meta's own Manhattan-sized data center

    News
  • BRENDAN SMIALOWSKI / Contributor via Getty
    13 hours ago

    Elon Musk is set to lose money every time someone deposits cash with X Money

    Analysts have claimed Musk's 6% interest rate is not possible

    News