Elon Musk makes $813 per second. That figure is based on Musk’s net worth of $236 billion as of July 2023 and roughly a decade-long period he needed to amass his fortune.
At the time of writing this article, Musk is the richest person in the world, according to Bloomberg’s Billionaires Index. Being the CEO of Tesla, SpaceX, Twitter, and Boring Company, Musk is one of the most prominent businessmen in the world.
In this article, we are going to examine the breathtaking amount of money Musk makes every passing moment and compare it to other prominent individuals.
How much money does Elon Musk make a second?
Elon Musk makes $813 per second. The calculation is based on the time it took him to amass his vast fortune over the last ten years. For context, Musk was first labeled as a billionaire by Bloomberg in June 2013. Since then, he has increased his net worth by more than 200 fold and is currently sitting on a fortune of more than $236 billion.
To put his money earned per second in context, Musk makes more than $48,000 per minute, which is just a couple of percentages less than the annual full-time annual wage in the US of $53,490.
Here’s a quick overview of how much money Elon Musk makes a second, minute, and other time periods:
| Dollar Amount | |
|---|---|
| Per Second | $813 |
| Per Minute | $48,776 |
| Per Hour | $2,926,587 |
| Per Day | $70,238,095 |
| Per Week | $491,670,000 |
| Per Month | $1,966,670,000 |
| Year | $23,600,000,000 |
*Data for the past decade, since Musk became a billionaire, according to Bloomberg.
What’s Elon Musk’s net worth?
As of July 2023, Elon Musk has an estimated net worth of $236 billion, making him the world’s wealthiest individual. After losing his spot as the world’s richest person to French luxury brand mogul Bernard Arnault in 2022, Musk has retaken the crown of the wealthiest person this year, in large part due to Tesla’s stock price recovery.
It is worth noting that at one point last year, Musk’s net worth was an unimaginable $200 billion smaller than the year prior, making him the first person in history to lose $200 billion. Despite the large loss, Musk never dipped below the second place on the list of billionaires.
Comparing Elon Musk’s dollar per second earned to other prominent individuals
Elon Musk’s rate of wealth accumulation is faster than any of his peers. In the table below, you can compare Musk’s per-second income compared to French businessman Bernard Arnault, Amazon founder Jeff Bezos, and legendary US investor Warren Buffet.
| Wealth change in the past 10 years* | Rate of income per second | |
|---|---|---|
| Elon Musk | $236 billion | $813 |
| Bernard Arnault | $172.9 billion | $596 |
| Jeff Bezos | $127.6 billion | $440 |
| Warren Buffet | $56.8 billion | $196 |
*Data collected from Bloomberg Billionaire Index
The bottom line: Musk makes the most money per second out of all top-ranking billionaires
Musk’s business empire has earned him not only the top spot among the world’s richest people in terms of total wealth in absolute terms but also in terms of the speed at which his fortune is generated. To read about the wealthiest individuals in the crypto space, check our net worth articles for Ethereum founder Vitalik Buterin, Tron founder Justin Sun, and Litecoin founder Charlie Lee.
Source: https://coincodex.com/article/30685/how-much-money-does-elon-musk-make-a-second/