Elon Musk, whose nuclear fusion experiment in South Korea reached temperatures hotter than the sun, the visionary behind Tesla, SpaceX, and X, recently lost his crown as the richest person on the planet, falling behind Bernard Arnault, the luxury tycoon of LVMH. Musk's fortune comes from his relentless pursuit of innovation and entrepreneurship, which makes people wonder how much he earns in shorter time frames, such as per second.
According to data from Finbold, Musk's net worth as of mid-February 2024 was $198.9 billion. This colossal sum reflects his stakes in various companies: 20.5% in Tesla (NASDAQ: TSLA), 54% in Starlink, 42% in SpaceX, an estimated 74% in X (the social network formerly known as Twitter), over 90% in The Boring Company, 25% in xAI, and over 50% in Neuralink.
Of these companies, only Tesla's 2023 profits are publicly disclosed, totaling $17.66 billion. Based on his 20.5% stake in Tesla, Musk earned $3.6203 billion from the electric car maker.
To estimate his earnings per second, we divide this amount by the number of seconds in a year (31,536,000), resulting in an approximate figure of $114.80 per second, which translates to $6,887 per minute, $413,220 per hour, $9,917,280 per day, and $69,420,960 per week.
The importance of Musk's earnings
The research underscores the importance of Musk's earnings, despite his fall to second place as the world's richest person. The report states:
"Elon Musk's financial power is nothing short of astounding. Even with a slight dip in net worth from last year, he remains one of the world's richest individuals thanks to his diverse and successful ventures. Through Tesla's groundbreaking innovations, SpaceX's daring space missions, and his involvement in various other projects, Musk continues to make a lasting impact on the world stage."
Musk's position among the world's richest people is not secure, however, as he faces competition from other names such as Jeff Bezos and Mark Zuckerberg.
