Elon Musk is everywhere. Whether it is Tesla, SpaceX, or his takeover of Twitter, it is hard to avoid hearing about him. Yet, beyond the headlines, many people wonder what his life looks like when it comes to money. Specifically, how much does he actually earn in a single day?
His wealth is tied to the value of his companies, which means it can grow or shrink by massive amounts depending on the market.
Despite all the attention on his ideas and controversies, there is one question that always captures curiosityโhow much does Elon Musk make in a single day?
This article will examine how Musk generates his wealth average daily earnings.
Musk and His Daily Earnings
Elon Musk earns amounts daily that most people would struggle to comprehend. His wealth does not come from a set salary but instead from the value of his companies, particularly Tesla and SpaceX.
On average, his daily income reaches around $40 million, though the amount varies greatly depending on market performance. There have been days when his wealth increased by billions, while on others, he lost similar amounts due to rapid market shifts.
| Timeframe | Earnings |
|---|---|
| Average Daily Earnings | $40 million |
| Highest Single-Day Gain (October 2021) | $36 billion |
| Highest Single-Day Loss (February 2021) | $15.2 billion |
In October 2021, Musk experienced one of the largest single-day wealth increases ever recorded when Tesla stock surged due to a massive order from Hertz. This added 36 billion to his fortune in one day.
Elon Musk earned $36 Billion yesterdayโฆ breaking the record for the most amount of money an individual has earned in a single day ๐คฏ pic.twitter.com/dNlQbPrZ54
โ Sole Retriever (@SoleRetriever) October 26, 2021
At the same time, in February 2021, he faced a significant single-day loss of 15.2 billion, showing how quickly his earnings can shift.
Breakdown of Elon Musk’s Wealth and Assets Valuation
Elon Musk’s wealth is primarily derived from his significant holdings in several high-profile companies.
| Asset | Ownership Stake | Estimated Value (in billions) |
|---|---|---|
| Tesla, Inc. | ~12% | $230.0 |
| SpaceX | 42% | $88.0 |
| X (formerly Twitter) | Largest Stake(Estimated to be 79%) | $13.0 |
| xAI | 60% | $24.0 |
| Neuralink | Majority Stake | $1.0 |
| The Boring Company | Majority Stake | $1.0 |
The total net worth of Elon Musk in 2024 is $320 billion.
Sources:
Tesla
Elon Musk owns around 411.22 million Tesla shares and an additional 304 million performance-based options. His stake in Tesla accounts for the largest portion of his net worth, valued at over $230 billion following the recent 39% stock rally.
Teslaโs market capitalization now exceeds $1 trillion, fueled by strong investor confidence and emerging opportunities in autonomous driving and robotaxi services.
SpaceX
SpaceX, valued at $210 billion based on recent private tender offers, contributes significantly to Muskโs wealth. Muskโs 42% ownership stake in the aerospace company is worth an estimated $88 billion.
SpaceX continues to thrive with its reusable rocket technology and government contracts, solidifying its role as a leader in space exploration and satellite deployment.
X (formerly Twitter)
Musk owns 79 percent of X, valued at $31.6 billion, after acquiring it for $44 billion in 2022. The platform has faced challenges in revenue generation and maintaining user engagement.
Recent efforts aim to broaden its use and ensure stability, though results remain uncertain. And there are also challenges, like the one related to the recent ban on X in Brazil, which was eventually lifted. Interestingly, recent data shows how the value of X dropped by the same percentage as he owns, 79%.
Musk clashed with the Brazilian government over how X handled certain policy issues, adding another layer to the already heated discussions surrounding his ownership of the platform. That even affected the Brazilian government to consider an alternative to Musk’s Starlink, by making a partnership with the Chinese company Spacesail.
๐ง๐ท BRAZIL: Telebras Partners with SpaceSail, boosting Satellite Internet competition with @Starlink.
“What we are working on is so that Brazilian society can have options of more than one company offering the service that is essential and fundamental for the population today,โฆ pic.twitter.com/oX723f5o7E
โ Brian Basson (@BassonBrain) November 21, 2024
xAI
Musk holds 60 percent of xAI, with a valuation of $24 billion. xAI focuses on artificial intelligence research and has drawn attention for its ambition to develop safe and practical AI systems.
The rapidly growing field offers immense potential for future expansion.
The fun fact was shared by his father in a recent podcast, where he discovered how Elon Musk would have to spend $1 million every day for the next 1,200 years to spend all of this fortune.
According to his father, Errol Musk, if Elon Musk were to spend $1 million daily from his earnings last month, it would require a whooping 1,200 years to finish the entire money. pic.twitter.com/7L6oaqStc2
โ Shawn Chauhan (@shawnchauhan1) November 17, 2024
Neuralink and The Boring Company
Musk owns majority stakes in both Neuralink and The Boring Company, with each valued at approximately $1 billion. Neuralink is advancing brain-computer interface technology and nearing human trials.
The Boring Company focuses on reducing urban congestion with underground transportation projects, such as the completed Las Vegas Loop.
Comparison with Other Billionaires
| Name | Net Worth (USD) | Primary Source of Wealth | Rank |
|---|---|---|---|
| Elon Musk | $320 billion | Tesla, SpaceX, xAI, Neuralink | 1 |
| Jeff Bezos | $230 billion | Amazon | 2 |
| Bernard Arnault | $221 billion | LVMH | 3 |
| Larry Ellison | $205 billion | Oracle | 4 |
| Warren Buffett | $123 billion | Berkshire Hathaway | 5 |
FAQs
How much does Elon Musk make a week?
Elon Musk earns approximately $382 million weekly on average. This figure accounts for fluctuations in his net worth, which primarily depend on the stock performance of Tesla and SpaceX.
How much does Elon Musk make a month?
Muskโs monthly earnings average around $1.53 billion, driven by the increasing valuation of his business ventures, especially Tesla and SpaceX.
How much does Elon Musk make a year?
Based on recent calculations, Musk earns approximately $18.3 billion annually. This is derived from his stakes in Tesla, SpaceX, and other ventures, making him one of the highest earners in history.
How much money does Elon Musk make per second?
On average, Elon Musk makes $656 per second. His earnings equate to nearly $39.4 million daily, depending on market conditions and the performance of his companies.
When will Elon Musk become a trillionaire?
Experts predict Musk could become the worldโs first trillionaire within the next two decades. With his current net worth of $320 billion, continued growth in Tesla, SpaceX, and emerging ventures like xAI could propel him to the trillion-dollar milestone sooner than expected.
Last Words
While Muskโs earnings are astronomical by any standard, they are also a reminder of the stark economic divide that exists today. His ventures continue to spark debates about the responsibilities of wealth and the societal impact of extreme concentration of resources.
As Musk pushes toward his ambitious goalsโwhether colonizing Mars or revolutionizing artificial intelligenceโthe world watches to see how his vision unfolds and how his wealth evolves alongside it.
For now, Elon Musk remains not just the richest person on Earth but a symbol of both the possibilities and the controversies surrounding immense wealth in modern times.
