How Much Does Elon Musk Make a Second? Earnings, Salary, Net Worth
- How much does Elon Musk make a second?
- Elon Musk is an entrepreneur, a self-made billionaire, the 2nd richest man in the world, and the new owner and CEO of Twitter.
- Elon made his fortune by building and selling internet companies like Zip2 and PayPal, and then starting some of the world’s most successful businesses including Tesla and SpaceX.
Elon Musk made $161 billion dollars the last 10 years, which means he earns approximately $486.50 per second! Unlike most entrepreneurs and CEOs, Elon does NOT have a fixed salary. Instead, he makes all of his money by building and scaling his businesses like Tesla, SpaceX, and The Boring Company.
- Was Elon Musk born rich?
- How did Elon Musk make his money?
- Is Elon Musk really going to destroy Twitter?
And much more! We also give you Elon Musk’s best business advice for starting and scaling your own billion dollar company
- 1 How much money does Elon Musk earn in 1 second?
- 2 Does Elon Musk work 100 hours?
- 3 How fast does Elon Musk make money?
- 4 How much does Jeff Bezos make an hour?
- 5 Does SpaceX sell stock?
- 6 What is Elon Musk’s salary?
- 7 Does Elon Musk work long hours?
- 8 Is Elon Musk A Vegan?
- 9 Does Elon Musk sleep 2 hours a day?
- 10 Did Elon Musk sleep 2 hours a day?
- 11 How much does Bill Gates make a minute?
- 12 How much does Elon Musk make in a week?
How much does Elon Musk make per minute?
Verdict | How Much Does Elon Musk Make? – So what’s the verdict how much does Elon Musk make a second, minute, and hour? Elon Musk makes $485.50 per second, $29,200 per minute, and $1.75 million per hour.
- This means Elon Musk makes more money in one second than most people reading this article make in an entire day!
- Elon Musk may be rich, but he wasn’t born that way.
- He moved to the United States from South Africa with almost no money, and by the time he graduated he had more than $100,000 dollars in student loan debt!
- Elon made up for this by building and selling multiple successful companies, including PayPal and Zip2.
- Today Elon Musk is one of the richest men in the world, with an estimated net worth of $164 billion dollars.
: How Much Does Elon Musk Make A Second, Minute, And Hour?
How much money does Elon Musk earn in 1 second?
How much does Elon Musk make a second? Elon Musk reportedly earns more than $22,500 every minute. Under consideration of his net worth of $253 billion, it follows that he makes close to $375 per second. Source: Instagram Elon Musk, the self-proclaimed richest man in the world, is the tycoon behind SpaceX and Tesla. In January 2021, a native of South Africa deposed Amazon’s chief executive Jeff Bezos for the first time. Since then, when the value of Tesla’s shares fluctuated, he occasionally lost the top rank but has subsequently rebounded.
- Musk most certainly made $23 billion during the first quarter of 2022, which included 69 weekdays; it is assumed that he received pay over weekends and holidays.
- According to these hypotheses, he would be making $333.33 million every day.
- Since the NYSE is inactive on the weekends, use a five-day workweek assumption for determining daily salaries.
Musk officially doesn’t make a wage, despite his rising net worth. The major shareholders and CEO of Tesla do not receive a regular salary; rather, payments are made only when the company’s financial and market valuation goals are met.
How much does Elon make a day?
How Much Elon Musk Makes Every Day – Based on an annual income of $16.18 billion, Elon Musk earns around $44.38 million on an average trading day. For context, only about 140,000 people in the US have a net worth of $50 million and above. Elon could inflate that figure by 336 people annually if he pledged his daily earnings to random non-millionaire persons.
How much does Elon Musk make in an hours?
How much does Elon Musk make in a day? Given that Elon Musk has a net worth of $253 billion, we may calculate his daily earnings to be around $650 million. In other words, that works up to $81.25 million each hour. Musk’s wealth increases by approximately $22,500 every minute. Source: Instagram Elon Musk worked diligently and devotedly for many years to get to where he is now: at the top of the world. Before helping start PayPal, he first began his career developing video games. Later, he rose to the position of CEO of SpaceX and Tesla.
Who is richer than Elon Musk 7 minutes?
This man claims he became richer than Elon Musk for 7 minutes Youtuber Max Fosh became the world’s richest person, with a net worth nearly twice that of Tesla founder Elon Musk, albeit for a period of seven long minutes. The UK-based YouTuber who has over six lakh followers, made a full video detailing how he created his company and shared it on his channel.
- Max Fosh soon realised that he needed to dissolve his company immediately as he was being accused of fraud by authorities in the UK.
- He has shared a video of how he made this happen and also why he had to shut his company down.
- Though he claims, he was the world’s richest person for 7 minutes on paper.
The Youtube video shows how he had set up his company, Fosh explains, “in the UK, it’s quite easy to set up a company. There’s something called the company’s house, and you essentially fill a form.” He needed a name for the company, which must end with “Ltd.” So he named his business venture ‘Unlimited Money Ltd’.
- The next step was to decide what the company would do, for instance – manufacturing macaroni, noodles, couscous and similar “farinaceous” products.
- To which he said, “I don’t know what farinaceous means, but that’s what the company does.” The next step was deciding shares in his business venture and he decides on 10 billion.
In his Youtube video, he explains, “if I created and registered a company with 10 billion shares, and then sold one of those shares for 50 pounds, that would legally value my company at 500 billion pounds, thus making me the richest man in the world, absolutely decimating my nearest rival Elon Musk.” Fosh set up his shop, with two chairs and a table, on a London street but soon realised that finding investors would not come easy.
Despite my energetic pitch, the no’s kept on coming,” he says. Following minor initial setback, he managed to find his very first investor – a woman who bought one share for 50 pounds. He asks her, “Why would you like to invest in this company?” She replies, “On a whim, I feel like it’s meant to be, and I’ll get something from it eventually.” However, very soon, trouble follows, as Fosh shares that he received a letter, presumably from the authorities, which reads, “given the range of information provided to us, the market cap of Unlimited Money Ltd has been assessed as 500 billion pounds.
Due to lack of revenue activity, there is a high likelihood that you are being accused of fraudulent activity. It is the reason we highly recommend Unlimited Money Limited is dissolved as a matter of urgency.” With this, the Yotuber decides to dissolve his short-lived business venture.
But for the period of those 7 minutes, he claimed to have been the world’s richest man. Watch the video here: The Youtube video managed to draw a lot of attention and the entire episode also led to a discussion thread – Becoming the World’s Richest Man For 7 Minutes – on, Catch all the,, Events and Updates on Live Mint.
Download The to get Daily Market Updates. : This man claims he became richer than Elon Musk for 7 minutes
Does Elon Musk work 100 hours?
Elon Musk attends Heidi Klum’s 2022 Halloween Party on October 31, 2022 in New York City. Taylor Hill/Getty Images Elon Musk already had his hands full managing Tesla, SpaceX, The Boring Company and Neuralink. Since becoming the owner of Twitter in late October, his work schedule has gotten even more hectic and he now works about 120 hours a week, the world’s richest man said at the annual Ron Baron Conference in New York City on Nov.4.
“My workload went up from about 70 to 80 hours a week to probably 120,” Musk said during an onstage interview with Ron Baron, a billionaire mutual fund investor whose firm, Baron Capital Group, hosted the conference. Baron Capital Group is a shareholder of Musk’s Tesla. “Go to sleep, I wake up, work, go to sleep, work, do that seven days a week,” Musk described his recent daily routine.
Musk, looking clearly sleep-deprived, said he’d just landed from a red-eye flight to attend the conference. Musk officially completed his $44 billion acquisition of Twitter on Oct.27. Since then, he has made a series of drastic changes at the social media company, including firing several senior executives and about half of its 7,500 employees.
He has also ordered the remaining staff to return to the office and plans to launch a monthly payment system for Twitter’s verification mark as soon as this week. Musk said at the Nov.4 conference he hopes his grueling work schedule won’t last forever. “Once Twitter is set on the right path, I think it is a much easier thing to manage than SpaceX or Tesla,” he said.
As busy as he claimed he was, the Tesla and SpaceX CEO recently made time to attend supermodel Heidi Klum’s Halloween party in New York City on Oct.31. He dressed as a Samurai warrior in a red and black armor set made by New York’s costume store Abracadabra.
How fast does Elon Musk make money?
Elon Musk Earnings FAQs – Here are some more answers about Elon Musk and how much money he makes.
- How much does Elon Musk make a year?
- As Elon Musk’s net worth grows, he makes more and more money each year, so it can be hard to estimate a yearly salary. In August 2017, over five years ago, Elon Musk’s net worth was $20.70 billion. Therefore, for the past five years, Elon Musk has made an average of $39.84 billion a year.
- How much does Elon Musk earn per month?
If Elon Musk has increased his net worth by an average of $39.84 billion a year over the past five years, then his monthly income can be calculated by dividing that number by 12. Therefore, Elon Musk has made an average of $3.32 billion over the last 5 years.
- What does Elon Musk make per hour?
- Considering his wealth is largely tied to Tesla stock performance, we’ll say his work hours are the same as the core trading session at the New York Stock Exchange – 9:30 a.m. to 4 p.m. EST. This would mean he’s paid for a 6.5-hour workday.
- This makes it easier to answer the question, how much does Elon Musk make an hour? Since his daily earnings for the first quarter of 2022 are an estimated $333.33 million per day, his hourly rate would be $51.30 million.
- How much does Elon Musk earn per minute?
- No doubt about it, Elon Musk earned more per minute in the first quarter of 2022 than many people will make in a lifetime. Since his hourly rate was approximately $51.30 million, this means he earned roughly $855,000 per minute.
- In the first quarter of 2022, the median weekly earnings of full-time wage and salary workers in the U.S. was $1,037, according to the Bureau of Labor Statistics. Therefore, it would take the average worker 825 weeks – nearly 16 years – to earn what Musk made in a minute.
Jennifer Taylor contributed to the reporting for this article. Information is accurate as of October 24, 2022. Chris is a sales-oriented, marketing copywriter. He has been doing freelance copywriting for several years and specializes in financial writing. Learn More
How much does Jeff Bezos make an hour?
How much does Jeff Bezos make per minute? is best known as one of the richest people on Earth with his current worth estimated at $190.4bn according to which tracks billionaire fortunes in realtime. He jockeys for first place with Elon Musk, founder of Tesla, and Bernard Arnault, owner of LVMH.
- Using a conventional rocket with a space capsule atop it, Blue Origin launches and lands vertically, with the whole trip taking just 11 minutes from liftoff to landing.
- In that 11 minutes fulfilling his dream of going to space, Mr Bezos, who has stepped aside from running Amazon in favour of pursuing this passion, continued to add to his personal fortune.
- There are two ways of calculating by how much – by using data on his income or his change in net worth.
Mr Bezos had a relatively modest income in his time at the helm of Amazon. His base salary of $81,840 remained unchanged since 1998. However, on top of his salary, additional compensation brings his total income to $1,681,840. Broken down, this works out as $140,153 per month, $32,343, a week, $4,608 per day, $192 per hour, or $3.20 per minute.
- Possibly not as impressive as you might imagine for the world’s richest man, especially considering other billionaires’ take-home pay was many hundreds of times more.
- Mr Musk reportedly earned $595m in 2019.
- However, if you calculate Mr Bezos’ increase in net worth – thought to have gone up by $75bn in 2020 according to Bloomberg’s Billionaire Index – you get a very different set of figures.
This works out as $6.25bn per month, $1.44bn per week, $205m per day, $8.56m per hour, and $142,667 per minute. Therefore, during the 11-minute Blue Origin flight, Mr Bezos’ personal wealth potentially increased by $1.57m.
- Following a short career in finance after having graduated from Princeton University, Mr Bezos founded Amazon in Seattle in 1994 out of his garage, originally as an online bookstore.
- The company has since grown into the online retail behemoth it is today and is the world’s largest internet company by revenue and the world’s largest provider of virtual assistants and cloud infrastructure.
- Mr Bezos channelled his passion for space into Blue Origin, which he founded in 2000, with the New Shepard spacecraft reaching space for the first time in 2015.
- Among his many other investments is the newspaper The Washington Post, which he purchased in 2013 for $250m.
- Mr Bezos is believed to have been the first centibillionaire, crossing a net worth of $100m in 2018, and $200m during the Covid-19 pandemic as online shopping became a necessity during government-enforced lockdowns.
- He stepped down from his CEO role at Amazon on 5 July, and is now executive chairman, with Andy Jassy, who led the company’s cloud computing division, replacing him.
- In January 2019, Mr Bezos and his wife of 25 years MacKenzie Tuttle announced they were divorcing after a long period of separation.
As part of the settlement, Ms Tuttle received 25 per cent of the couple’s Amazon stock, amounting to approximately $35.6bn or four per cent of the company. She immediately became one of the wealthiest women in the world and is known for her generous philanthropic work, having given away $8.7bn to more than 750 nonprofit groups in just two years. : How much does Jeff Bezos make per minute?
How much does Bill Gates make a minute?
Divide that figure by the number of minutes in an hour and you’ll see that Bill Gates makes about $30,400 every single minute. Different magazines calculate net worth differently.
Who is richest man in the world?
Who is the richest man in the world? – As of May 1, 2023, the richest man in the world is Bernard Arnault, the CEO and chairman of LVMH of France; he’s worth nearly $237 billion. He moved into the number one spot after Elon Musk’s fortune fell in late 2022 as shares of electric carmaker Tesla fell.
Does SpaceX sell stock?
How Can We Invest in SpaceX Directly? – SpaceX is not yet publicly traded, but an IPO (initial public offering) may be on the horizon. For the time being, investors who want to buy a share of SpaceX and other private companies can do the same by buying stock from existing investors and employees who have received stock compensation.
- First, you will need to identify if any of the existing investor shares are currently up for sale.
- You can do so by registering with reputable brokers that specialize in connecting potential investors with private equity company insiders.
- An investor willing to buy shares of private companies needs to undergo a thorough accreditation process, have sufficient capital as there may be minimum investment requirements, be willing to pay brokerage, and be ready for non-negotiable pricing.
You can buy SpaceX shares once you’ve completed the necessary paperwork and funding.
What is Elon Musk’s salary?
Elon Musk said he was completely focused on Tesla in 2017 when the electric car maker was in “crisis,” as he testified in a Delaware court on Wednesday to rebut claims that his $56 billion pay package was based on easy performance targets and approved by a compliant board of directors.
Tesla shareholder Richard Tornetta sued Musk and the board in 2018 and hopes to prove that Musk used his dominance over Tesla’s board to dictate terms of the package, which did not require him to work at Tesla full-time. Musk, the world’s richest person, in a Delaware courtroom described how the automaker was struggling to survive in 2017, when the pay package was developed.
“I was entirely focused on the execution of the company,” Musk said when questioned about Tesla by his attorney Evan Chesler, adding that he did not dictate the terms of the pay plan. He also said he not would accept a pay plan that required him to punch a clock or commit certain hours to Tesla. Elon Musk shown testifying Wednesday in this courtroom sketch. AP Document boxes including some with Musk’s name printed on them are taken into the Leonard L. Williams Justice Center in Wilmington, Del. AP The five-day trial before Chancellor Kathaleen McCormick comes as he is struggling to oversee a chaotic overhaul of Twitter, the social media platform he was forced to buy for $44 billion in a separate legal battle before the same judge after trying to back out of that deal. Musk arrives to testify on Wednesday. AFP via Getty Images The billionaire testified that he focuses his attention where it is needed most, which in 2017 was Tesla. “So in times of crisis, allocation changes to where the crisis is,” said Musk. Musk has a history of combative testimony and often appears disdainful of lawyers who ask probing questions.
Does Elon Musk really work 80 hours a week?
1. As crazy as 80 hours might sound Elon Musk is actually in good company. – A 12-year Harvard study by Nitin Nohria and Michael Porter revealed that CEOs of multibillion-dollar companies work 62.5 hours per week on average. Musk works 28 percent more than them. That’s big enough of a difference, but not nearly as crazy when put in perspective.
Does Elon Musk work long hours?
Elon Musk likes to think of himself as ‘hardcore’. He says he works 100+ hour weeks. He sometimes sleeps at the office.
How did Elon lose $100 billion dollars?
Key Takeaways –
Elon Musk’s personal wealth was down more than $100 billion in 2022 as of Monday.The losses are the result of a sharp drop in Tesla’s share price, which is down 52% this year.Musk owns a 23% stake in Tesla via stock and vested stock options despite selling shares worth $19 billion this year.Vested Tesla options accounting for some $50 billion of his wealth are at issue in a Delaware trial.
Musk has already used a variation of this joke in reference to his recent $44 billion acquisition of Twitter, after previously acknowledging he overpaid for the social network. Yet Musk’s loss of more than $100 billion in personal wealth since the start of 2022 is largely the result of his almost 23% stake in Tesla, the leading manufacturer of electric vehicles.
Tesla shares were down 52% year-to-date as of Monday’s close, outstripping a drop of 29% for the Nasdaq-100 index and a 17% decline in the S&P 500 index. Vertical lines denote Musk share sales. Source: TradingView. Investor faith in Musk’s claims about Tesla’s dazzling future has been dented by the COVID-19 outbreaks and the accompanying economic slowdown in China, as well as the distraction Twitter has become for Tesla’s CEO and self-styled “technoking.” Rising U.S.
interest rates have been another factor, curbing investors’ risk appetite and deflating many of the most expensive U.S. stocks. Tesla still trades at nearly 8 times sales and 31 times forward earnings. Musk has contributed to the decline by selling Tesla shares worth some $19 billion this year, most recently unloading stock worth valued at $4 billion on Nov.8 after saying on two prior occasions he planned no further stock sales in 2022.
- Musk sold another $22 billion of Tesla stock in 2021, cashing out near the top of a 50% rally in the stock last year.
- The latest share sale left Musk with Tesla stock amounting to about 14% of shares outstanding.
- He also owns vested options equivalent to a stake of about 9%.
- Between the Tesla stock and vested options, Musk’s Tesla stake is worth about $122 billion.
That means he gains or loses $1.2 billion or so, at least on paper, for every 1% move in Tesla’s share price. This year’s reversal of fortune left Musk a mere $23 billion ahead of the nearest challenger to his bragging rights as the richest human, as of Nov.21.
- He could lose that title if a Delaware judge sides with a shareholder challenging the legality of Tesla’s 2018 options grants to Musk accounting for the vested options he now holds.
- Musk could also get dethroned if Tesla shares continue to drop.
- His nearest challenger is Bernard Arnault, chair of France’s LVMH luxury goods conglomerate, worth $157 billion as of Nov.21.
Arnault is also down big this year, while India ports and coal mogul Gautam Adani has added $53 billion this year to move into third place with a fortune estimated at $130 billion. Investopedia requires writers to use primary sources to support their work.
Why is Elon so rich?
Elon Musk Business magnate (born 1971) Elon Musk Musk in 2018 Born Elon Reeve Musk ( 1971-06-28 ) June 28, 1971 (age 51), Transvaal, South Africa Education (, )Title
- Founder, CEO and chief engineer of
- CEO and product architect of
- CEO of
- Founder and CEO of and
- President of the
- Founder of
- Co-founder of,, and (part of )
- ( m.2000; div.2008)
- ( m.2010; div.2012) ( m.2013; div.2016)
Partner (2018–2021) Children10 Parents
FamilyAwards ( Knight – Cavaleiro )Signature
In popular culture
Elon Reeve Musk ( ; born June 28, 1971) is a and investor. He is the founder, CEO and chief engineer of ;, CEO and product architect of ; owner and CEO of ; founder of ; co-founder of and ; and president of the philanthropic, With an estimated net worth of around $192 billion as of March 27, 2023, primarily from his ownership stakes in Tesla and SpaceX, Musk is the second-wealthiest person in the world, according to both the and ‘s real-time billionaires list.
- Musk was born in, South Africa, and briefly attended at the before moving to Canada at age 18, acquiring citizenship through his Canadian-born mother.
- Two years later, he matriculated at and transferred to the, where he received bachelor’s degrees in economics and physics.
- He moved to California in 1995 to attend,
After two days, he dropped out and, with his brother, co-founded the online software company, In 1999, Zip2 was acquired by for $307 million and Musk co-founded, a,X.com merged with in 2000 to form, which acquired for $1.5 billion in 2002. Musk received an investor green card in 1997, which led to his U.S.
citizenship in 2002. With $175.8 million, Musk founded SpaceX in 2002, a services company. In 2004, he was an early investor in the manufacturer Tesla Motors, Inc. (Tesla, Inc.). He became its chairman and product architect, assuming the position of CEO in 2008. In 2006, he helped create, a solar energy company that was later acquired by Tesla and became,
In 2015, he co-founded OpenAI, a nonprofit research company. The following year, he co-founded Neuralink—a company developing —and the Boring Company, a tunnel construction company. Musk has also proposed a high-speed transportation system. In 2022, for $44 billion was completed.
Musk has made controversial statements on politics and technology, particularly on, and is a polarizing figure. He has been criticized for making unscientific and misleading statements, including spreading, In 2018, the (SEC) sued Musk for falsely tweeting that he had secured funding for a private takeover of Tesla.
Musk stepped down as chairman of Tesla and paid a $20 million fine as part of a settlement agreement with the SEC.
Has a trillionaire ever lived?
How many Trillionaires are there? You may have heard millions and billions quite often. Have you ever thought about trillions? Becoming a trillionaire is no easy job. Having this much money is equivalent to unbelievable amount of wealth. A trillion is such a huge number, followed by twelve zeros.
That is one thousand times a billion (nine zeros followed by 1). Do you know that only 6 trillionaires ever lived on the face of earth? As of today, there are no trillionaires who live on earth. It is definitely not Elon Musk or Jeff Bezos. Such extreme wealth we dont see in our lifetime. Believe it or not it is an unbelievable wealth.
In the past Kings had that much wealth. Most of these wealth came from earth’s resources rich in minerals, the riches in earth is only declining as years pass by. Today’s billionaires own only a fraction of wealth when compared to trillion and many are already old.
It would take another century to produce a trillionaire and another thousand years to produce a quadrillionaire (1000 times a trillionaire) These are the only 6 trillionaires who lived on earth from history who reached the pinnacle of wealth, These were only kings with incomprehensible wealth measuring in trillions, who acquired wealth through large conquests, taxes and from earth’s abundant natural resources.
Sadly earth’s riches are only depleting.
Is Elon Musk A Vegan?
He’s Not Vegetarian – Musk used to be an herbivore, but he switched up his eating habits circa 2013. “I tried being a vegetarian but I don’t really think we’re designed to be vegetarians,” he told The Guardian. “Some of my best friends are vegetarians, even vegans, which is tricky when you’re trying to go out for dinner.” Aside from struggles at the dinner table, Musk shared with fans in 2019 that he still believes in the ethical treatment of animals, but he’s focused his climate change efforts elsewhere.
- A ” vegan/vegetarian diet helps a little, but isn’t critical,” Musk says.
- I support people choosing whatever diet makes them happy, but it’s true that everyone going vegan still wouldn’t stop climate change.
- Moving billions of tons of hydrocarbons from deep underground into the atmosphere & oceans is fundamentally the issue.
— Elon Musk (@elonmusk) December 30, 2019 Should you consider going meatless? Eating a plant-based diet has been shown to reduce saturated fats and boost fiber ( 9 ). But it’s not all good news. A 2019 study compared 137 plant-based products with their meat counterparts and found that only four percent of those plant-based alternatives were lower in sodium with sodium content ranging from 500mg per 100 grams up to a staggering 1,200mg ( 10 ).
Does Elon Musk sleep 2 hours a day?
Musk wasn’t a ‘chill, normal dude,’ as he once joked on ‘Saturday Night Live.’ Mr. Musk has said he usually goes to sleep around 3 a.m. and typically gets six hours of shut-eye before waking and immediately checking his phone for any new emergencies.
Did Elon Musk sleep 2 hours a day?
Elon Musk – The Daily Routine of a Tech Titan The man, the myth, the legend. Elon Musk is one of the most interesting CEOs in the world. This South African tech mogul leads the way in the EV and renewables markets, and he’s also behind Space X, the company promising to make space travel a reality, even for the average person.
- It would be fair to say he has some lofty goals set to a notoriously aggressive optimistic schedule — referred to as “Elon time” — which often doesn’t go to plan.
- However, he’s a successful entrepreneur responsible for building some of the world’s most innovative technology, rivaling for the title of most innovative.
- Today, he splits his time between running his companies:,, The Boring Company, and Neuralink.
His day is organized into 5-minute-long segments, and he often works so hard that he skips meals. is also known to employ this rigorous way of scheduling workdays. Musk is known to spend the night sleeping on the production floor or in a conference room just to eke out productivity gains.
- Elon Musk wakes up early, around 7 am, and gets things started with a shower. He often skips breakfast and prefers an omelet if he does eat breakfast.
- His workweek is split between his various businesses. Most of his time is spent on design and engineering work.
- Musk prioritizes meetings and workflow, frequently cuts meetings short, and actively discourages unnecessary meetings.
- When he’s not working, he likes to relax with some whiskey or wine, reading anime, and tweeting. He goes to bed around 1 am.
- Musk wakes up each morning at around 7 am.
- He says he likes getting around six to six-and-a-half hours of sleep per night.
- Sleeping in is not an option for him, saying it affects his performance more than if he sleeps less.
- After getting up, he showers, dresses, and enjoys a morning cup of coffee.
- However, he says he is usually in such a rush that he skips breakfast most days.
- On the days he does eat breakfast, he likes an omelet.
- In a, he mentioned that showering is the most important part of his day.
- He says that he doesn’t feel in the right headspace without his shower, and it’s a critical part of waking up and preparing him to face the challenges of the day.
- Next, he sends his kids off to school and drives to work.
- Musk claims he regularly works 80 to 100-hour workweeks, with most of his skillset being focused on design and engineering work.
- Approximately 90% of his time at SpaceX involves design work, and it takes up 60% of his day at Tesla.
- He’s an efficient multi-tasker who doesn’t attend to emails and forgoes most of his phone calls.
- Mondays and Fridays are spent at SpaceX in Los Angeles or Boca Chica, and the rest of the week at Tesla or Twitter in San Francisco.
How much does Bill Gates make a minute?
Divide that figure by the number of minutes in an hour and you’ll see that Bill Gates makes about $30,400 every single minute. Different magazines calculate net worth differently.
How fast did Elon Musk make his money?
How Elon Musk Made His First Million – Now we’re getting to the good part. This is how Elon Musk’s net worth really took off. Elon saw the potential that the Yellow Pages (if you were born this century you probably don’t even know what those are) was missing.
So he started Zip2, He realized that he and his brother were fumbling around trying to find Netscape’s pitch and listing in the Yellow Pages. So he built Zip2 to be a searchable business directory that people could use to get door-to-door directions to businesses. To get the business off the ground, Elon purchased a local business directory for a few hundred dollars.
So for your business, what is the simplest and cheapest action you could take right now that will produce a return? Elon purchased that business directory — it wasn’t super cheap, but it provided him with everything he needed to build Zip2’s website and start getting customers.
- When I started AppSumo, I didn’t hire a big-ass team.
- I didn’t spend a lot on marketing.
- I went and hit up one company (which was Imgur ) asked if they would offer a discount and then I went onto Reddit and asked people if they wanted to buy it, and we sold 200 of them.
- And just like that, AppSumo was started.
I know many of you today might not even know what the Yellow Pages are, and it might seem obvious to have an online business directory, but this was 1995. Most people didn’t even really know what the internet was. So Elon and his brother actually had trouble convincing anyone to believe in their idea.
And this is wild When they launched the website, Elon only had $2000 in the bank! So most of their costs were covered by their father, who gave them $20,000 to get it going. Elon and his brother actually lived super cheap. They slept on futons at the office rather than renting an apartment, they showered at the YMCA a few blocks away, and they shared one computer between them.
Elon programmed at night, and turned the server on during the day. And Elon even convinced a startup in the office below to use their internet so he could save money on the internet costs! This is the stuff I love reading about — what it actually takes to be successful.
Because sometimes as you start getting money, you just throw money at every problem you have. But a lot of times if you don’t have resources, you can be creative! Just like these guys were. When I started, I slept on couches and in my aunt’s basement to save money so I could work on my businesses. Once the website was up and running, Elon hired salespeople on commission and they went door-to-door in malls and shopping areas to sell sponsored listings.
Slowly, the money started to trickle in. This is one of the things I’ve talked a lot about to you guys — keep your expenses low in your personal life AND your business, because then you don’t have to worry about making a ton of money! And that’s exactly what happened with Elon and his business.
- They were able to achieve positive cash flow early on, which looked good to investors.
- So around 1997, Zip2 began offering a platform service to newspapers — they were licensing their technology.
- They offered directories and city guides to these companies.
- By 1998, almost 200 newspapers were using their platform.
I really like his business model where at first he started selling directory listings and then he started selling the technology itself. There are a lot of different business models out there. I worked at Mint which was a free service that offered useful information but it was also a lead gen for credit cards and tax stuff.
It was a win-win-win for everyone! AppSumo has an interesting business model, too! We promote amazing deals for entrepreneurs, you get a great deal, our partners get money and new customers and we make a little bit of money. Everyone wins. So take time to figure out which business model works for you that you can scale out.
Okay, back to Elon. What’s crazy is that he STILL hasn’t achieved $1 million dollars — or even anything close to his current net worth — yet. So how did he get there? In ‘96 Mohr Davidow Ventures invested $3 million in Zip2, but Elon had to hand over most of his shares and the role of CEO to someone else.
He was demoted to CTO and (not surprisingly) he was pissed off! But he needed the money to take Zip2 to the next level, so he did the deal. Zip2 actually had customers like The New York Times, Pulitzer Publishing, and Hearst Corporation — so before Craigslist owned the world of classified ads, Zip2 played a big role in print publishing going digital and the company did grow quickly.
Because of this, Elon got sour about the idea of someone else running his business. This is where it gets crazy In ‘98, the new CEO tried to merge with CitySearch and Elon actually organized a coup to have that CEO ousted — and he reinstated himself. The plan worked at first, but it backfired when Zip2’s board turned around and sold the company to Compaq in 1999.
- Damn. I’ve definitely had issues with my previous company, too.
- It was me plus two other founders and it was like a three-headed dog — we all wanted to go in our own direction, so the company went nowhere.
- So that’s why it’s been so important for me with my current business partner Chad that we have a lot of alignment about where the hell we’re trying to go.
So the Zip2 deal amounted to $307 million dollars and Elon FINALLY became a millionaire by ending up with $22 million from the deal. I know you might be thinking, they sold for $300 million and he got less than 10%?? In Silicon Valley there’s dilution.
So the more that you get from investors, the smaller your percentage is — but hopefully it’s a big pie anyways. And $22 million bucks is still a good payday! So Elon Musk became a multi-millionaire at 27 years old, and he used over $11 million from that payout to fund X.com, which eventually became PayPal,
In 2002, PayPal sold to eBay, and Elon earned $180 million from that deal. So, here’s a rough timeline of how Elon’s first businesses:
1984: Elon creates Blastar video game at age 12, sells for $500 1995: Elon graduates from UPenn, enrolls in & drops out of Stanford 1995: Elon co-founds Zip2 with $28,000 loan from his father 1999: Elon earns $22 million from Zip2 sale to Compaq 1999: Elon founds PayPal with $11 million 2002: Elon earns $180 million from PayPal sale to eBay 2002: Elon starts SpaceX with $100 million 2003: Elon co-founds Tesla
He’s founded and co-founded a few other companies since then (like Neuralink and The Boring Company) which also contribute to his net worth, but that’s a breakdown of how Elon got his start. It’s crazy that he went from basically $0 in 1995 when he started Zip2, to $180 million in just 7 years! Although Elon has made billions of dollars, he considers himself cash-poor.
How much does Elon Musk make in a week?
Elon Musk made nearly $12bn of Tesla money in a week, according to reports. The Dow Jones Market Data Group claims Musk added an astonishing $11.98 billion to his wealth in just seven days. Musk holds 423,622,000 Tesla shares and his holdings jumped from $53.87bn on 19 January to $67.89bn, based on the closing price on 26 January.
How much does Elon Musk earn per month?
Who is Elon Musk?
|Net Worth:||$173 Billion|
|Salary:||$2400 Million (Approx.)|
|Monthly Income:||$200 Million (Approx.)|
|Date of Birth:||June 28, 1971|