So, how much money does Elon Musk make a second? You have probably heard about Elon Musk, who recently bought the Twitter platform.
Elon Musk is currently the wealthiest man in the world, with over 217 billion dollars in net worth as of August 2023. Elon Musk has several assets and businesses, including Tesla, Space X, and the Boring companies. And that brings the question, how much money does Elon Musk make a second if he’s the wealthiest man in the world?
This article will calculate the amount Elon Musk makes in a second. And the most exciting thing is that his income is entirely passive. That shows passive income streams’ importance because they can help you build wealth using good strategies.
Subscribe to learn ways of building wealth to gain financial freedom like Elon Musk.
Who is Elon Musk?
Elon Musk is the wealthiest man in the world. He’s the CEO of Tesla Motors. He is also the founder and CEO of SpaceX and Angel Investor. Furthermore, Musk is the founder of the Boring company and a co-founder of Open AI, mother of Chat GPT, Neuralink, and the Musk Foundation.
All these businesses pay Elon Musk and have made him the billionaire he is today. As of the date of writing this article, Musk is the CEO of Tesla, SpaceX, Twitter (renamed X), and Boring Company. Some of these income streams started as side hustles for Musk. And now, they are giving him plenty of passive income of late. Therefore, we should all aim to increase our earning potential by having several income streams.
How Much Money Does Elon Musk Make a Second?
In June 2013, Elon Musk entered the Bloomberg Billionaire Index for the first time. Over the last ten years, Elon Musk has multiplied his net worth to above 200 billion dollars. Elon Musk’s net worth as of August is 217 billion dollars. Therefore, if we calculate his income per second, we will follow the following procedure.
The above table shows that Elon Musk makes $747 per second. I’m sure that’s not even a daily income for most people worldwide.
Elon Musk’s net worth largely depends on the rise or drop in the stock prices of his companies. For instance, in 2022, Musk lost his spot as the wealthiest person on earth after Tesla’s stock price declined. This drop made Elon lose over 200 billion dollars, which never made him give up. However, in 2023, he regained his spot after Tesla regained its stock prices.
Currently, Elon Musk has the highest earnings per second in the world. Bernard Annult, the second richest man in the world, makes around $560 per second. Jeff Bezos and Warren Buffet make $440 and $196 per second, respectively.
The Bottom Line: How Much Money Does Elon Musk Make a Second
Now you know how much money Elon Musk makes a second. However, this amount is bound to increase or decrease depending on the stock price stability of his companies and other investments.
We should all learn from the top billionaires and try to adapt to their behaviour of building wealth. They all started from somewhere, and at one point, they had nothing. Therefore, we can start by turning our hobbies into business to build wealth.
Remember that our daily habits contribute to our lives either positively or negatively. We should all imitate the good financial habits of these self-made billionaires in the world. Its high time we all groom our ideas and hobbies ad turn them into profitable businesses.