How Much Money Does Elon Musk Make?
Elon Musk is one of the most successful and well-known entrepreneurs in the world, having made a fortune from his various businesses. But how much money does he make? The answer varies depending on how you measure it, but most estimates put the figure in the billions of dollars.
Elon Musk's Income
Elon Musk's net worth is estimated to be around $189 billion, according to Forbes. But this wealth didn't come overnight—it's the result of decades of hard work and smart investing. Musk's primary source of income is his ownership of Tesla, a company he founded and is still the CEO of. He reportedly earns around $37.5 million a year in salary and stock options.
Musk has also earned money from SpaceX, the aerospace company he founded. He earns a salary of around $500,000, but his primary income from the company comes from stock options and royalties from future launches. Musk's other investments and business ventures, such as SolarCity and The Boring Company, also generate significant income.
How Much Money Does Elon Musk Make Per Minute?
Elon Musk rarely takes a break from his entrepreneurial endeavors, so the question of how much money he makes per minute is an interesting one. According to Business Insider, Musk earns around $28,000 per minute—an impressive figure considering its usually achieved by working an entire year or longer. This is because of Musk's massive investments in stocks, such as his Tesla stock, which have made him billions of dollars. It's also due to his ventures into other businesses, such as SpaceX and The Boring Company, which have put him at the top of the corporate ladder.
The money Musk makes per minute may sound incredible, but he has been put to the test. In 2020, his net worth saw a dip in the market, costing him some of his fortune. But his portfolio is still strong and would require a dramatic downturn to cost him much of his wealth.
FAQs
Q. How much does Elon Musk make a year?
A. Elon Musk's net worth is estimated to be around $189 billion, according to Forbes. He reportedly earns around $37.5 million a year in salary and stock options from his company Tesla. He also earns money from SpaceX, The Boring Company, and other investments.
Q. How much money does Elon Musk make per minute?
A. According to Business Insider, Elon Musk earns around $28,000 per minute, an impressive figure considering its usually achieved by working an entire year or longer. This is due to his investments in stocks, such as his Tesla stock, as well as his ventures into other businesses, such as SpaceX and The Boring Company.
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