A little background on Elon Musk
Before we get into how much money does Elon Musk make a day, it’s important to understand who Elon Musk is. Musk attended the University of Pennsylvania, where he earned degrees in economics and physics. He then went to Stanford to get his PhD in applied physics and materials science.
Musk was at one time the CEO of PayPal, an online financial service that was acquired by eBay for $1.5 billion in 2002. Musk is also the founder and CEO of Tesla Inc. This company designs and manufactures electric vehicles and associated renewable energy products.
In addition to these two companies, Musk is CEO and CTO of SpaceX. A company dedicated to creating reusable rockets that can be used for space travel. Musk is also the founder of The Boring Company, which aims to create tunnels to ease traffic congestion.
How much does Elon Musk make per day?
Unfortunately, we can’t tell you exactly how much Elon Musk makes per day. The simple reason for this is that he doesn’t get a salary from any of his businesses. As their CEO, Musk does not accept any sort of pay check. Instead, he receives a portion of the company’s profits.
This strategy has been employed by several other public companies, including Berkshire Hathaway and Google parent company Alphabet Inc.
As of this writing, Musk owns approximately 22% of Tesla, Inc.’s outstanding shares. This means that every time Tesla, Inc. sells a car or a share of stock, Musk makes $110 per share. The company’s current market capitalization is $49 billion. You can see that Musk’s net worth has increased quite a bit recently.
How much money does Elon Musk make a year?
As we mentioned above, Musk currently owns 22% of Tesla, Inc. This means that he makes $11.1 million per day. That adds up to a little over $8 billion per year. This does not including any dividends that he may receive from shares of Tesla that he owns.
In addition to the money he makes from Tesla, Inc., Musk is also the CEO and founder of SpaceX, a company dedicated to creating reusable rockets that can be used for space travel. SpaceX has a market capitalization of about $21.4 billion.
Finally, Musk is also the founder of The Boring Company, which aims to create tunnels to ease traffic congestion. The Boring Company has not yet gone public, but when it does, Musk will again receive a majority of the profits.
Other businesses run by Elon Musk
Aside from the ventures mentioned above, Musk also has stakes in a number of other companies.
- Musk is a co-founder of Neuralink Corp., a company that aims to create devices that can be implanted in the brain to improve human cognitive abilities.
- Musk owns COFE Inc., a company that makes and sells high-end kids furniture.
- Musk is a co-founder of PayPal Holdings Inc., a company that allows users to send money online and make online payments.
Final Words: Is Elon Musk worth it?
It’s hard to argue that Musk isn’t worth it, at least from a business perspective. His ventures have captured the imaginations of people all over the world and have become household names in a very short period of time. And during an era when people are wondering how we can make sure that technology serves humanity and not the other way around, people are turning to entrepreneurs like Musk to lead the charge. And Musk is certainly doing his part to make sure that technology is going to benefit humanity as a whole.
- Another way he’s doing this is through the companies he’s helped create. Tesla, Inc., SpaceX and Neuralink Corp. are all dedicated to making life better for people all over the world.
Conclusion
It’s important to note that this article is speculation based on the information above. Nobody will ever know exactly how much Musk earns from his businesses, especially because he doesn’t get a salary. The numbers we have presented in this article are the best educated guesses based on publicly available information. Despite this fact, this article should serve as an excellent example of just how much money Elon Musk makes a day.
If you’re interested in someone who has been called “the real-life Iron Man,” you’re going to love reading about Elon Musk.
Now that you know how much money does Elon Musk make a day, make sure you go out and achieve something amazing today as well!