Few names in tech are as iconic as Elon Musk. Always part of some of the most successful companies on the planet, Musk has played a key role in bringing companies like SpaceX, Tesla, and PayPal to life. As one of the richest men on the planet, how much money can Elon Musk make in a day？
After acquiring Twitter for $44 billion, Musk has followed many different paths. All to continue promoting his characteristic creative curiosity. In addition, the development of another revenue stream provides another opportunity for the billionaire to further cement his status as the richest person in the world.
According to Bloomberg, Musk's net worth is $172 billion. How much money can a man with such a fortune earn in a day？
How much does Musk earn a day？
When calculating Musk's earnings on a particular date, it's essential first to note how closely his earnings are related to Tesla stock. Specifically, Musk's fortune fluctuates as his Tesla stock fluctuates, with Musk's net worth once skyrocketing to $33.8 billion in a single day due to Tesla's price action.
The reason for this is due to a compensation agreement between Musk and Tesla made in 2018. Specifically, Musk tied his future earnings to the performance of Tesla stock. Then, when the company hits a new milestone, Musk will be rewarded with various stock options.
In 2020, when the first bonus for the deal was paid out, he was able to buy 1.69 million Tesla shares at less than market value. They are worth about $800 million.
All of that said, in 2022, at the height of his wealth, Musk maintained a net worth of $273 billion. This means Elon Musk earns $432 million per day.
Musk holds the record for losing money
Musk holds the record for the biggest single-day earnings growth, but he also holds the opposite record. In January 2023, according to Forbes statistics, Musk lost $ 183 billion in 2022, while Bloomberg estimates higher at $ 200 billion.
In addition, SpaceX, although very successful, has also cost Musk dearly. Specifically, an estimated $20 million was lost when 40 satellites were lost due to storms. There are no published records of Musk's fortune, so any numbers are estimates only.