Elon Musk is the founder, CEO and CTO of SpaceX, co-founder, CEO and product architect of Tesla Motors, co-founder and chairman of SolarCity, and co-chairman of OpenAI. Today, Musk is probably the most recognizable business executive in the world, a figurehead for Silicon Valley, an internet wizard and a modern-day celebrity. His net worth is estimated to be over $22 billion, and he’s one of the most complex and interesting figures alive.
The amount of money making process of Elon Musk seems to be mysterious and incredible. He earns millions of dollars every year, and some reports and studies say he makes an astonishing amount of money per minute. But how much exactly does Elon Musk earn every minute?
Elon Musk is an effective leader and an influential businessman, but his earning potential exceeds what many people had ever expected. Some reports say that he made around $2.3 million per hour in 2018, which means he can earn a staggering amount of money in a minute. If this report is to be taken into account, Elon Musk earns about $38.17 per minute.
Experts argue that Elon Musk’s success does not rely on luck, but on extreme discipline and a massive ambition. Musk is incredibly efficient when it comes to his work, and he often works for many hours in a single day. Apart from his long working hours, he has also managed to establish several successful companies like SolarCity, Tesla Motors, and SpaceX. This explains why he can make so much money in a minute.
On the other hand, Elon Musk invests a lot of money into his companies and ideas. This means that he not just spends money but also gets it pretty quickly, as his companies do well and bring him a lot of money. Therefore, it is safe to say that Elon Musk’s earning potential is incredible, as he can turn a pretty small amount of money into even more in a matter of minutes.
Moreover, Elon Musk’s net worth varies over the course of a year, as his investments and fortune can increase or decrease at any given point. His net worth can be affected by different factors, such as Tesla’s stock price, Solar City’s performance or SpaceX’s projects. All these can influence the amount of money Musk makes every minute.
So, as of now, it is safe to say that Elon Musk earns around $38.17 per minute, which is an extraordinary figure. The amount of money he earns is an impressive feat, and it is something that many people aspire to.
Elon Musk’s Background
Elon Reeve Musk was born on June 28, 1971, in Pretoria, South Africa. He is the son of Maye Musk (née Haldeman), a Canadian-born model and dietitian, and Errol Musk, who moved to South Africa from the United Kingdom in the late 1940s. He has a younger brother, Kimbal, and a younger sister, Tosca. Musks had a troubled childhood; he was raised in a very harsh environment and was often bullied at school. Due to this, he often kept to himself, and was always interested in technology. Musk was raised as a Christian, although he has since become atheist.
At the age of seven, Elon Musk started to program computers and soon after that, he found his passion for technology. He developed an early interest in business, and began developing and selling video games to the public, which he created with the help of his brother. After high school, he attended the Wharton University in the United States, where he got a degree in economics.
After Wharton, Musk decided to pursue a career in engineering, and enrolled in Stanford University for his degree. However, after two days, he decided to leave and start his own business. That is how his entrepreneurial spirit began. Since then, he has gone on to become a tech mogul, making successful projects in the fields of electric cars, space exploration, solar energy, and more.
Tesla Motors and SpaceX
Tesla Motors is a company focused on producing electric vehicles, founded by Elon Musk and other partners. Ever since its foundation in 2003, the company has grown exponentially, kicking off the electric car revolution and doing wonders for the eco-friendly movements through its line of electric cars. In some reports, it has been claimed that Musk made around $2.3 billion in 2018, with a number of $26.8 billion in stock.
Musk’s other famous project is SpaceX, a private aerospace manufacturer and space transport services company, of which he is both the CTO and CEO. The company’s main goal is to revolutionize space technology, and its overall mission is to enable human life on other planets. It is estimated that Musk made around $12 billion in SpaceX stocks in 2016, and his overall shares are estimated at $15.1 billion.
SpaceX is currently the largest rocket manufacturer in the world, and is pushing the boundaries of space technology further and further. It has already made numerous impressive achievements in its brief history, from launching satellites into orbit to launching and recovering its own reusable rockets. Although it is still going through tests, the exploration division of SpaceX is aiming for a manned flight to Mars by the year 2024.
Achievements and Recognitions
Elon Musk has made a tremendous impact in the tech industry, and his achievements have gained him considerable recognition around the world. He has been awarded numerous awards, such as the famous Edison Achievement Award and Thomas Edison Award, which recognizes entrepreneurs and innovators. He was also honored with the Index Award, in recognition of his work in clean energy and sustainability.
Musk has also been awarded the ‘Innovator of the Year’ award by Bloomberg in 2018, in recognition of his innovation in the tech industry and his overall successes. He has also been featured in the Time 100 list of the world’s most influential people, and was nominated ‘Person of the Year’ in 2016 by Vanity Fair.
Controversies
Although Elon Musk has received numerous honors and awards for his achievements, he has also attracted a lot of controversy due to his outspoken and often provocative personality. Elon Musk has been vocal about various issues, and his comments have often caused debates and discussions.
One of his more controversial opinions has been his support for a universal basic income. In addition, he has been critical of the American government and its treatment of immigrants and refugees, claiming that it was an ‘inhumane process’. Lastly, he expressed a number of concerns about artificial intelligence, especially the potential of weaponized robots.
Conclusion on Elon Musk’s Wealth
Overall, Elon Musk is an incredible and controversial figure in the tech industry, and his net worth is proof of his ambition and talent. He has achieved a great many things in his career, from founding and running successful companies to pushing the boundaries of technology and space exploration. His earning potential is impressive and he obviously has a great impact on the world of tech. All in all, Elon Musk’s fortune is worth billions, and it is an incredible feat to achieve such a great wealth in the modern world.
