This Is How Much Tech Billionaire Elon Musk Makes In An Hour (2024)

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This Is How Much Tech Billionaire Elon Musk Makes In An Hour (1)

HomeTechnologyThis Is How Much Tech Billionaire Elon Musk Makes In An Hour

Tesla reported a profit of $17.66 billion for the fiscal year 2023 in its Form 10-K filing with the US SEC, citing its two operational segments: automotive and energy generation and storage.

By : ABP News Bureau|Updated at : 15 Feb 2024 08:25 PM (IST)

This Is How Much Tech Billionaire Elon Musk Makes In An Hour (2)

EV maker Tesla and SpaceX owner and tech billionaire Elon Musk earns approximately $6,887 per minute. ( Image Source :Getty )

EV maker Tesla and SpaceX owner and tech billionaire Elon Musk earns approximately $6,887 per minute, $413,220 per hour, $9,917,280 per day, and $69,420,960 per week, the media has report. While Musk is currently not the wealthiest person globally, he holds the second position with a net worth of $198.9 billion, trailing behind LVMH founder Bernard Arnault, says a report by Finbold.

"Calculating earnings per second involved dividing this total by the number of seconds in a year (31,536,000), resulting in an approximate figure of $114.80 per second; this translates to $6,887 per minute, $413,220 per hour, $9,917,280 per day, and $69,420,960 per week," the report noted.

Musk-owned Tesla reported a profit of $17.66 billion for the fiscal year 2023 in its Form 10-K filing with the US Securities and Exchange Commission (SEC), citing its two operational segments: automotive and energy generation and storage, the report by Finbold added. However, unlike EV maker Tesla, Musk's other ventures, including SpaceX, Starlink, X (formerly Twitter), The Boring Company, xAI, and Neuralink, are all private companies, exempt from the obligation to disclose their financial details to the public.

Musk's net worth is determined by his ownership stakes in various ventures, comprising 20.5 per cent in Tesla, 54 per cent in Starlink, 42 per cent in SpaceX, approximately 74 per cent in X (formerly Twitter), over 90 per cent in The Boring Company, 25 per cent in xAI, and exceeding 50 per cent in Neuralink.

Meanwhile, recently, a report said that Musk may also be considering layoffs, although this time it's not related to X (formerly Twitter), but to Tesla.

Musk, who previously reduced nearly half of Twitter's global workforce, is now considering layoffs for another one of his companies -- EV maker Tesla. News agcney Bloomberg reports that Musk has instructed Tesla managers to assess their employees' work and determine which roles are essential. The company has scrapped its usual semiannual performance review meeting and instead tasked managers with completing assessments, which consist of a single-line query for each employee. This unconventional evaluation process has raised concerns about potential layoffs.

The employee evaluation appears to be influenced by Musk's cost-cutting approach in reaction to Tesla's declining sales growth, the report further noted. Musk, known for his rigorous approach, previously cautioned X employees to adhere to his "hardcore" philosophy.

Published at : 15 Feb 2024 08:25 PM (IST)

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This Is How Much Tech Billionaire Elon Musk Makes In An Hour (2024)

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This Is How Much Tech Billionaire Elon Musk Makes In An Hour? ›

"Calculating earnings per second involved dividing this total by the number of seconds in a year (31,536,000), resulting in an approximate figure of $114.80 per second; this translates to $6,887 per minute, $413,220 per hour, $9,917,280 per day, and $69,420,960 per week," the report noted.

How much does Elon Musk earn per hour? ›

Controversial billionaire Elon Musk makes $400,000 (€372,000) an hour, according to new data acquired by finance platform Finbold.

How much money does Elon Musk make in 1 minutes? ›

Musk's earnings per second are over $43,000 per minute, nearly equivalent to the annual full-time wage in the US of $53,490. Musk earns a year's salary in just one minute, and it takes him only a week to reach a nine-figure income.

What is Elon Musk's wage? ›

(Currently, Tesla's market cap is about $580 billion.) Based on today's stock price, the value of the pay package stands at about $46 billion. The package also includes a requirement that Musk hold onto the shares for five years after he exercises the options, according to regulatory filings.

What is Elon Musk's IQ? ›

Let's first answer the critical question — Elon Musk's IQ is around 155. For context, it is believed that Albert Einstein had an IQ between 160 to 165. As such, Elon is way more brilliant than the average person. While at it, you might be curious about what your IQ is.

How much does Jeff Bezos make per hour? ›

Amazon.com Inc. Founder Jeff Bezos, a key figure in modern business, saw a massive increase in his net worth from $107 billion in early 2023 to $177 billion a year later, marking a $70 billion gain, according to Fortune. This equates to an increase of $191,780,822 per day or about $7,990,868 per hour.

How much do Bill Gates earn per day? ›

Bill Gates' $10.95 Million Daily Income: How the Microsoft Legend Spends It.

How many hour does Elon Musk work? ›

Elon Musk, the CEO of Tesla and Twitter (Now X), is known for his extraordinary work ethic, often clocking in over 120 hours per week. He often shares how he throws himself into work, spending hours and often days in the office to get things right.

What is Elon Musk's daily income? ›

How Much Does Elon Musk Make a Day, Week, Month & Year
USD Amount
Per Day$54,500,000
Per Week$382,000,000
Per Month$1,527,000,000
Per Year$18,327,000,000
Feb 26, 2024

How much money does Elon Musk make per seconds? ›

Elon Musk earns approximately $656 per second, according to CoinCodex. This estimation is from Musk's reported estimated net worth of $205.2 billion as of January 2024 and the span of over a decade during which he accumulated his wealth.

How much of Tesla does Elon own? ›

With the pay package, Mr. Musk would own 20.5 percent of Tesla, up from about 13 percent. He has said he would like a 25 percent stake, noting in January that it would be “enough to be influential, but not so much that I can't be overturned.”

How much is an Elons pay package? ›

Tesla CEO Elon Musk's massive $56 billion pay package was approved by shareholders during the company's annual meeting Thursday. “Hot damn, I love you guys,” Musk said to a cheering room of Tesla shareholders and employees minutes after his pay package was approved.

How much did Elon Musk pay for his Tesla name? ›

Instead, they bought it for $75,000 from Brad Siewert, a man in Sacramento who owned the rights to Tesla Motors, which was named after Nikola Tesla, the scientist and engineer. In a post on Twitter sharing “Tesla history trivia,” Musk said that the co-founders bought the name from Siewert in 2004.

What is Bill Gates's IQ? ›

Bill Gates' IQ is often estimated to be around 160.

It can be inferred from his early admission to Harvard University, his near-perfect SAT score, his achievements in creating and developing Microsoft, and his well-documented aptitude for mathematics and logical thinking from a young age.

What is Einstein's IQ? ›

Most theorists peg Einstein's IQ score between 160-190. Because he never took any kind of test to measure his intelligence, the definite score is still a mystery. But without a doubt, he was a brilliant man with an incredible brain.

How much does Elon work in a day? ›

In contrast to the standard 8-9 hours that a person with work life balance tends to work, a 120 hours work week means that Elon Musk works for about 17 hours every day.

Whose net worth is in the trillion? ›

The world's six richest people are approaching $1 trillion in combined net worth. Their fortunes have soared this year largely due to a historic stock-market rally. The six centibillionaires include Elon Musk, Bill Gates, Jeff Bezos, and Warren Buffett.

Who is the richest man in the world in 2024? ›

Real-Time Net Worth: $212.5B

Bernard Arnault, the CEO and chairman of LVMH, the world's largest luxury goods group, has reclaimed the top spot as the richest person on January 31, 2024, surpassing Elon Musk.

What is Elon Musk's net worth today? ›

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