Now the world’s richest man, the\u00a0Tesla<\/a>\u00a0CEO has a current net worth of $252.5 billion, as reported by Forbes.<\/p>\n Musk co-founded six companies, including electric\u00a0vehicle<\/a>\u00a0manufacturer Tesla, rocket and\u00a0spacecraft<\/a>\u00a0designer SpaceX and tunnelling startup Boring Company.<\/p>\n According to Informa Connect Academy, the\u00a0tech<\/a>\u00a0businessman’s wealth is growing at an incredible rate of 110% per year. And if that continues, he could reach $1 trillion in\u00a0just three years.<\/a><\/p>\n When you take a closer look at how much Musk makes per day, the figures are pretty astounding.<\/p>\n Marc Piasecki \/ Contributor \/ Getty<\/cite><\/div>\n Since he sold his PayPal shares and became a\u00a0billionaire<\/a>\u00a0in 2013, his fortune has skyrocketed by more than $208 billion.<\/p>\n The Tesla CEO Elon Musk makes $54.55 million per day on average or more than $2.27 million per hour – that’s $37,879 per minute and $631 per second.<\/p>\n The data was recorded for the past 11 years since Musk sold his stake in PayPal and became a billionaire, as per the Bloomberg Billionaire Index.<\/p>\n If you look at it based on an 8-hour workday, Musk pulls in about $6.8 million per hour and $113,636 per minute. For context, that’s around 38% more than the average American earns in a year.<\/p>\n Per week? That’s about $382 million and per month is about $1.53 billion.<\/p>\n Finally, on an annual basis, the investor racks in about $18.3 billion a year. That’s a lot of dough!<\/p>\n Variety \/ Contributor \/ Getty<\/cite><\/div>\n But more practically, Musk’s wealth is prone to fluctuations due to his investments.<\/p>\n He owns about 12% of Tesla excluding stock options, but has used more than half his shares as collateral for personal loans, which total up to $3.5 billion.<\/p>\n As for\u00a0SpaceX<\/a>, the company is now valued at nearly $180 billion after a big stock tender offered $750 million in December 2023.<\/p>\n The SpaceX stock has quintupled its value in four years. So, if Tesla and SpaceX keep growing, Musk\u2019s already massive fortune could get even bigger.<\/p>\n Despite all that eye-watering amount of money, Musk has been known to\u00a0live quite modestly.<\/a>\u00a0He owns almost no physical possessions and recently downsized to a small,\u00a0two-bedroom ‘box’ house<\/a>, selling off his five grand houses in California.<\/p>\n","protected":false},"excerpt":{"rendered":" Since he became a billionaire, Musk’s fortune has skyrocketed by more than $200 billion From…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-14232","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t![\"Marc](\"https:\/\/images.ladbible.com\/resize?type=webp&quality=70&width=3840&fit=contain&gravity=auto&url=https:\/\/images.ladbiblegroup.com\/v3\/assets\/bltb5d92757ac1ee045\/blt2ae31e652bb9db0f\/66e41a73d6eb639926f95941\/elon-musk-net-worth1.png\")
<\/div>\n![\"Variety](\"https:\/\/images.ladbible.com\/resize?type=webp&quality=70&width=3840&fit=contain&gravity=auto&url=https:\/\/images.ladbiblegroup.com\/v3\/assets\/bltb5d92757ac1ee045\/bltbcb1f962dc2b8a13\/66e41a807c34b214769354ce\/elon-musk-net-worth2.png\")
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