How Much Does Elon Musk Make a Day: Estimating the wealth of Elon Musk is no easy feat. Though he first became a billionaire in 2012, his private wealth is kept hidden, making it necessary to rely on Forbes’ and Bloomberg’s expertise to estimate his net worth.
To calculate Elon Musk’s average daily income over a decade, his net worth from January 2013 was subtracted from his current net worth ($146.5 billion – $2.6 billion), and the result was divided by ten. The average yearly income was found to be $14.39 billion, equating to $39.4 million per day.
To determine his income during the pandemic, the same strategy was used, starting from January 2020. It was discovered that he made $106.7 million a day during that period. It should be noted that Elon Musk doesn’t earn a traditional salary; instead, he earns most of his income through stocks, which can result in substantial gains or losses.
On October 25, 2021, Elon Musk made the most significant jump in fortune in history, earning $36 billion in a single day after Hertz ordered 100,000 Teslas, catapulting the company’s stock.
However, Musk’s net worth has been on a downward trend since October 2022, when he closed his deal with Twitter. This decision led to him introducing questionable new features and firing many employees, causing Tesla’s investors to lose over $700 billion in value in 2022.
In conclusion, calculating Elon Musk’s wealth is challenging, and his net worth involves some estimations and approximations, making it crucial to rely on experts’ expertise in the field.