Elon Musk makes $537 per second. That figure is based on Musk’s net worth of $178 billion as of April 2024 and more than a decade-long period he needed to amass his fortune.According to Bloomberg’s Billionaires Index, Musk is the third richest person in the world at the time of writing this article. He was the richest at the start of the year but now lags behind Bernard Arnault, the chairman of LVMH Moet Hennessy Louis Vuitton, and Jeff Bezos, the founder of Amazon. Being the CEO of Tesla, SpaceX, xAI, X (formerly Twitter), and Boring Company, Musk is one of the most prominent businessmen in the world. In this article, we are going to examine the breathtaking amount of money Musk makes every passing moment and compare it to other prominent individuals.Elon Musk makes $537 per second. The calculation is based on the time it took him to amass his vast fortune over the last 11 years. For context, Bloomberg first labeled Musk a billionaire in June 2013, when the publication pinned his wealth at $6.4 billion. Since then, he has increased his net worth by more than thirtyfold and is currently sitting on a fortune estimated at more than $193 billion.To put his money earned per second in context, Musk makes more than $35,060 per minute, which is just a couple of grand less than the annual full-time wage in the US of $53,490. It takes Musk just a minute to earn a full year’s worth of a 5-figure salary and just a week to hit the 9-figure mark.Here’s a quick overview of how much money Elon Musk makes a millisecond, second, minute, and other time periods:*Data for the past 11 years – since Musk became a billionaire, according to Bloomberg.As of April 2024, Elon Musk has an estimated net worth of $193 billion, making him the world’s third wealthiest individual. After briefly losing his spot as the world’s richest person to French luxury brand mogul Bernard Arnault in 2022, Musk retook the crown of the wealthiest person in 2023, in large part due to Tesla’s stock price recovery. However, Tesla’s poor performance at the start of this year saw Musk drop to the third spot on the billionaire rankings.It is worth noting that at one point in 2022, Musk’s net worth was an unimaginable $200 billion smaller than the year prior, making him the first person in history to lose $200 billion. Despite the large loss, Musk never dipped below the second place on the list of billionaires during the time period.Elon Musk’s rate of wealth accumulation is similar to that of his peers. In the table below, you can compare Musk’s per-second income to that of French businessman Bernard Arnault, Amazon founder Jeff Bezos, and legendary US investor Warren Buffet.*Data collected from the Bloomberg Billionaire IndexMusk’s business empire has earned him one of the top spots among the world’s richest people, not only in terms of total wealth in absolute terms but also in terms of the speed at which his fortune is generated. To read about the wealthiest individuals in the crypto space, check our net worth articles for Ethereum founder Vitalik Buterin, Tron founder Justin Sun, and Litecoin founder Charlie Lee.
