Connect with us

Money

Elon Musk Net Worth

Published

on

Elon Musk Net Worth

Elon Musk is one of the most visionary entrepreneurs of our time. He has co-founded and sold multiple internet companies like Zip2 and PayPal.com. He has also led the charge in commercial space exploration and making alternative transportation cool as well as accessible to the mass market. All of which has directly led to him becoming a multi-millionaire by the age of 28, and a billionaire just three years later.

Without a doubt, he is an entrepreneurial trailblazer who has been stacking his accomplishments for well over two decades now. And naturally, with an impressive resume such as his, comes avalanches of money and massive net worth. So, that’s exactly what we aim to address in this article.

So What is Elon Musk’s Net Worth?

Net Worth of Elon Musk

Elon Musk’s net worth is more difficult to pin down compared to most millionaires and billionaires. The primary reason for this is because he is still in his prime. For instance, Tesla, the company he is heavily invested in and runs as the CEO, recently saw it’s stock price grow by 755% over the past year. In addition to this, his space exploration company Space X recently doubled from $51 billion to over $100 billon. [1] So, his net worth is constantly growing. With that being said, at this moment in time, we’ve been able to pin down Elon Musk’s net worth at $176 billion. [2]

How Much Does Elon Musk Earn?

As the CEO of Tesla, Musk is currently not receiving a salary. Why? Because he has an agreement with the company that his pay is to be withheld until the company reaches specific financial valuations. However, there is no doubt that he is close to receiving his massive, and duly earned pay out. But, he does make money some how, and according to the executive compensative firm Equilar, Musk received stock options estimated to be worth nearly $2.3 billion in 2018. However, with him hitting his performance goals this year, he is slate to receive $1.6 billion.[3] With that being said, here is a brief review of Elon Musk’s Money Metrics.

Elon Musk Money Metrics

Money MetricAmount
2021 Net Worth:$176,000,000,000
Earnings Per Year:$1,600,000,000
Per Month:$133,333,333
Per Week:$ 30,769,230
Per Day:$4,395,604
Per Hour:$183,150
Per Min:$3,052
Per Sec:$50

How Much Could Elon Earn if He Cashed Out and Retired?

Have you ever wondered how much money Elon Musk could earn if he decided to cash out on all his ventures and call it a day? Well, we have. So, just for entertainment purposes, we decided to provide you with a hypothetical money metric based off the potential earning power of his $176 billion net worth alone. Again, this is just a hypothetical calculation to quench your curiosity.

With that being said, let’s dive in. Assuming, Elon Musk decided to sell all his assets, and invested his windfall profit into something “safer” like some of the stocks known as either Dividend Kings or Dividend Aristocrats, (with an annual 4.5% dividend yield ), he could potentially see annual returns in the amount of $7.92 billion for pretty much doing nothing. Here’s what that could look like broken down in our hypothetical money metric.

Elon Musk Money Metrics (Hypothetical)

Money MetricAmount
2021 Net Worth:$176,000,000,000
Earnings Per Year:$7,920,000,000
Per Month:$660,000,000
Per Week:$152,308,863
Per Day:$21,758,409
Per Hour:$906,600
Per Min:$15,110
Per Sec:$251

Disclaimer: This is a hypothetical (but possible) earnings Metric for Elon Musk based off of his net worth’s earning power alone.  This metric does not include the earnings he received from his recent bonus payout. Again, this calculation is for entertainment purposes only.

Fun Fact:  Musk had 8 million Instagram followers (before he deleted his account) and 40.7 million Twitter followers. As such, his grand total of social media followers would be 48.7 million.

How Did Elon Musk Become So Successful?

Elon Musk Quote on Passion

Elon Musk has an inspiring success story, and for a more detailed account of it, you can read this. However, here is a quick summary on how he became so successful.

In short, Elon was born in South Africa, moved to Canada for college, transferred to the U.S.A to finish his degrees in Economics and Physics. He also attended a Ph.D. program, but dropped out after just two days to dive into the dot com craze during the late 90’s. He took calculated risks with his business start-up, which was driven by larger than life ambition. In addition, Elon also had a vision for the future, and saw ahead of time the need for digital mapping, e-finance, commercial space exploration and colonization, and modes of transportation that rely on alternative energy. And he courageously put all his eggs in each of these baskets.

So, in essence, he became successful by pursuing ventures that aligned with his purpose and passions, never giving up on his visions of “what could be”, and then relying on a super human work ethic to bring it all together.

Success Sayings

Here are a few of his more well-known sayings about success to help paint a better picture. Be sure to share if you like any of them.

This video also does a great job giving insight into the mindset responsible for much of Elon’s achievements.

Video Credit: Mulligan Brothers (Subscribe to Their Channel Here)

Key Takeaways

Here are some key Elon Musk takeaways:

  • Musk’s Net Worth:  $176 billion
  • Annual Salary:  $1.6 billion
  • Earnings (Est.** ):  $7.9 billion
  • Social Media Followers:  40.7 million
  • Keys to Success:  Purpose, Passion, Fearlessness, Work-Ethic

Elon Musk’s net worth and success is not typical, but clearly reaching such staggering success is possible. And hopefully, you’ll agree that it is inspiring to know that a smart kid with a dream could follow his passion, work his tail off, take massive risks, and as a result create massive “luck” for himself.

So, follow suite and see what kind of “luck” you can also create for yourself.

Till next time,

STRIVE

** These earnings are hypothetical and calculated off of the earning power of Elon Musk’s net worth alone assuming a 4.5% dividend yield.

Trending