Ever wondered “How Much Does Elon Musk Make A Month?” 

As one of the wealthiest people on the planet, it’s a question that has crossed many minds.

The Bureau of Labor Statistics states that the ordinary individual earns around $51 a day, but how does this equate to someone like Elon Musk?

Business Insider estimates that in 2023 alone, Musk’s net worth increased by over $100 billion.

Intrigued? You should be. This blog post will delve into details about Elon Musk’s income, from his earnings as Tesla and SpaceX CEO to his other business ventures.

We’ll also explore how he spends his wealth and give you a peek into his family life.

We even answer your most important questions, including:

  • What is Elon Musk’s most valuable company?
  • Is Elon Musk the world’s richest African-American?
  • Is Elon Musk really planning on going to Mars in the 2020s?

…And much more!

By the end of this in-depth guide, you’ll have all your answers about Elon Musk and his insane monthly income answered.

“When something is important enough, you do it even if the odds are not in your favor.” — Elon Musk

Eager to learn more about “How Much Does Elon Musk Make A Week”? Let’s dive in!

Who Is Elon Musk?

Elon Musk, a name synonymous with groundbreaking innovation and entrepreneurial prowess, is the mastermind behind several high-profile companies. 

Born in South Africa, he moved to the United States for his studies and eventually became one of the most influential figures in tech.

Musk’s journey into entrepreneurship began early when he sold his first video game at the age of 12. He later co-founded Zip2 Corporation, which was acquired by Compaq for nearly $300 million.

The real breakthrough came with PayPal.

Musk’s involvement in the co-founding of PayPal enabled him to revolutionize online payments, resulting in eBay acquiring it for $1.5 billion and significantly increasing his net worth. This sale significantly boosted Musk’s net worth.

Pioneering Space Travel & Electric Cars

Inspired by science fiction and driven by an ambition to make humans an interplanetary species, Musk founded SpaceX in 2002. 

The company has since launched numerous satellites, resupplied the International Space Station multiple times, and even sent astronauts into space on its Crew Dragon spacecraft.

On Earth, Musk has been transforming transportation through Tesla Inc., where he serves as CEO and lead designer. Under his leadership, Tesla popularized electric vehicles (EVs) while also pushing advancements in autonomous driving technology.

A Man of Many Ventures

Beyond SpaceX and Tesla, Elon’s portfolio includes:

  • SolarCity (now part of Tesla)
  • Neuralink aiming to develop implantable brain-machine interfaces
  • The Boring Company that focuses on infrastructure construction
  • OpenAI dedicated to artificial general intelligence research

…among others.

An Influential Figure In Tech And Beyond

With his impressive portfolio of ventures and outspoken demeanor, Elon Musk has become a highly influential figure across the globe. 

Whether you admire him or are skeptical about some of his claims – there’s no denying that Elon Musk is shaping our future.

How Much Does Elon Musk Make A Month?

The billionaire entrepreneur, Elon Musk, has an astounding income that fluctuates based on the performance of his companies and investments.

Calculating Elon Musk’s monthly earnings is not a straightforward task.

Given his significant stakes in Tesla and SpaceX, Musk’s wealth fluctuates depending on the companies’ stock prices, making it difficult to calculate his monthly earnings.

To give you an idea, though, if we consider only his 2023 compensation package from Tesla, which was reported to be around $2.3 billion by Bloomberg , it would mean he made approximately $191 million per month!

Elon Musk Salary Per Day, Month, Year

Elon Musk’s net worth has increased from $19.9 billion in 2018, to an astonishing $234 billion in 2023! 

Using this as a baseline, we can make some clear estimations about Elon Musk’s monthly income. Check it out:

  • Per Second: $1,376
  • Per Minute: $82,600
  • Per Hour: $4.96 Million
  • Per Day: $118.94 Million
  • Per Week: $832.58 Million
  • Per Month: $3.57 Billion
  • Per Year: $42.82 Billion

Here’s the bottom line…

Elon Musk makes an incredible $3.57 billion per month! This makes him one of the highest earning entrepreneurs or CEOs in the world today. In fact, it’s hard to think of anyone else who grew their net worth by this much in the past 5 years!

As they always say, “never bet against Elon Musk.”

A Closer Look at His Earnings

Musk does not take any base salary as CEO of Tesla; instead, he opted for a unique pay structure where he gets paid only when certain market capitalization and operational milestones are met.

In other words, his earnings are tied directly to the success of the company, encouraging him to drive growth and profitability.

Earnings From Other Ventures

Besides Tesla, Elon also earns money through SpaceX – his private aerospace manufacturer and space transportation company. 

While exact figures aren’t publicly available due to its private status, Forbes estimates that SpaceX contributes significantly towards Musk’s net worth.

Tweeting For Profit?

You might have heard about how some tweets from Elon have affected cryptocurrency markets, leading many to speculate whether he makes money off Twitter too. 

However, there isn’t any concrete evidence suggesting that Musk profits directly from his social media activities.

How Much Does Elon Musk Make From SpaceX, Tesla, And Twitter

As one of the most influential figures in technology and business today, Elon Musk’s earnings are a topic of great interest. His income primarily comes from his stakes in three major companies: SpaceX, Tesla, and the recently acquired social media giant, Twitter.

Musk’s wealth is largely tied to his equity holdings.

Earnings from SpaceX:

The private space exploration company has been valued at around $100 billion. 

As its founder and CEO, Musk owns about 48% of the shares, which contributes significantly to his net worth.

Earnings from Tesla:

Tesla Inc., an electric car producer where Musk is CEO, has experienced tremendous growth in recent years. 

Tesla’s stock price skyrocketed in 2023, gaining nearly 700% and propelling the company to a market cap of over $800 billion.

Earnings from Twitter:

In April 2023, Elon Musk became the largest shareholder in Twitter after purchasing a stake worth nearly $2.9 billion. This investment adds another significant source of income for him.

Note that these figures fluctuate based on share prices.

The question remains – how much exactly does Elon Musk make per week? The answer isn’t straightforward due to fluctuations in share values, but estimates suggest it could be hundreds of millions or even billions depending on specific timeframes.

Elon Musk Net Worth – A Detailed Overview

Elon Musk, the visionary entrepreneur and business magnate, has a net worth that is nothing short of staggering. Musk’s wealth is mainly derived from his investments in several prominent firms, including Tesla, SpaceX, Neuralink and The Boring Company.

Musk’s fortune fluctuates with the stock market, particularly Tesla shares which form a significant part of his wealth.

Zip2 And PayPal

The growth trajectory of Elon Musk’s net worth over the years is truly remarkable. 

He started off with Zip2 Corporation in 1996, which was later sold to Compaq for $307 million. 

He subsequently founded X.com (which eventually became PayPal), which was then acquired by eBay for a whopping $1.5 billion, setting him up nicely for his later endeavors such as SpaceX and Tesla, in which he has considerable equity holdings today.

This set him up nicely for future ventures, including SpaceX and Tesla, where he holds substantial equity stakes today.

Tesla And SpaceX

Tesla Inc. alone contributes significantly to Elon Musk’s net worth, thanks largely to its soaring share prices over recent years. 

As CEO and major shareholder of this electric vehicle giant, each surge or dip in Tesla stocks directly impacts his personal fortune.

Beyond Tesla, though, lies SpaceX – an ambitious space exploration company aiming at colonizing Mars.

While it remains privately held currently, making its valuation harder to estimate accurately; credible sources like CNBC have reported valuations close to $100 billion.

Other Elon Musk Ventures

Musk also owns other businesses like Neuralink and The Boring Company, both of which are still relatively new but hold immense potential, considering their groundbreaking technologies aimed at revolutionizing transportation systems worldwide and integrating AI with human brains respectively.

  • Tesla Stake: Approximately 170 million shares + options translating into billions
  • SpaceX Stake: Estimated around 54% ownership equating into tens of billions based on current valuations
  • The Boring Company & Neuralink: Valuation unknown but considered valuable given their disruptive tech potentials
  • Liquid Cash/Assets: Reported between hundreds of millions up to a couple billion dollars
  • Estate Properties: Over $100 Million invested across multiple properties mainly within the California region according to Forbes reports

Elon Musk’s Net Worth Over the Years

Elon Musk, one of the wealthiest people in the world, has seen a significant increase in his net worth over time. His wealth accumulation can be attributed to his stakes in successful ventures like Tesla and SpaceX.

In 2010, Musk’s net worth was approximately $800 million. 

By 2015, it had grown to around $13 billion.

In 2023, Elon Musk made headlines when he briefly surpassed Jeff Bezos to become the richest man on earth. This surge in wealth was mainly the result of a jump in Tesla stock, which greatly increased his estimated fortune.

Here’s a more detailed breakdown of his net worth growth over time:

  • 2014 = $8.4 Billion
  • 2015 = $12.1 Billion
  • 2016 = $10.7 Billion
  • 2017 = $13.9 Billion
  • 2018 = $19.9 Billion
  • 2019 = $22.3 Billion
  • 2020 = $24.4 Billion
  • 2021 = $151 Billion
  • 2022 = $219 Billion
  • 2023 = $234 Billion

Elon Musk’s Business Ventures

Elon Musk, a name synonymous with innovation and audacity, has ventured into multiple industries, transforming them radically. 

His journey began with Zip2 Corporation, which he co-founded in 1996.

The sale of Zip2 to Compaq brought him his first fortune. He then started X.com, an online payment company that later became known as PayPal.

Musk’s ambitions didn’t stop at the digital frontier. In 2001, he conceptualized Mars Oasis, a project aimed at landing a miniature experimental greenhouse on Mars.

Tesla Motors – Revolutionizing Automobiles

In 2004, Elon joined Tesla Motors (now Tesla Inc.) as chairman and later assumed the role of CEO. 

Under his leadership, Tesla transformed electric vehicles from being mere novelties to mainstream options for consumers worldwide.

SpaceX – Conquering Space Travel

Musk founded SpaceX in 2002 with the goal of reducing space transportation costs and enabling colonization of Mars. 

Today, SpaceX is one of the most successful private aerospace manufacturers and space transport services companies globally.

SolarCity – Making Renewable Energy Accessible

In addition to automobiles and space travel, Musk also delved into renewable energy through SolarCity, a solar energy services company acquired by Tesla in 2016. 

SolarCity seeks to battle climate change by furnishing cost-effective solar power options for both residences and businesses.

The Boring Company & Hyperloop – Redefining Transportation

Musk introduced The Boring Company in late 2016 aiming to solve traffic congestion via underground tunnels. 

He also proposed Hyperloop: a high-speed transportation system using pressurized capsules riding on an air cushion driven by linear induction motors within near-vacuum tubes.

Neuralink & OpenAI – Advancing AI Technology

Fascinated by artificial intelligence (AI), Musk established Neuralink, a neurotechnology firm developing implantable brain-machine interfaces. 

OpenAI was another venture where he served as a sponsor; it’s dedicated towards ensuring that AGI benefits all humanity.

Each business venture undertaken by Elon Musk showcases his ability not only to envision future possibilities but also to bring those visions into reality effectively disrupting existing markets while creating new ones.

How Does Elon Musk Spend His Money?

Elon Musk, the billionaire tech entrepreneur and CEO of SpaceX and Tesla, is known for his ambitious vision of the future. 

But how does he spend his vast fortune? Let’s explore.

Musk’s Philanthropic Efforts

In 2002, Musk established the Musk Foundation, which focuses on renewable energy research and advocacy, human space exploration research and advocacy, pediatric research, science and engineering education. 

He has also signed The Giving Pledge, promising to donate more than half of his wealth to philanthropy during his lifetime or in his will.

Luxury Purchases by Elon Musk

Musk isn’t one to shy away from luxury purchases either. He also splashed out close to $1 million on a submarine car featured in a James Bond movie at an auction. 

He also purchased a submarine car used in a James Bond movie for nearly $1 million at an auction.

Tesla Cars Owned By Elon Musk

Beyond property investments and unique collectibles like the submarine car from ‘The Spy Who Loved Me’, it comes as no surprise that this automotive industry disruptor owns multiple Teslas himself including the Roadster (the first model produced) and the Model S Performance edition with the ludicrous mode optioned out completely.

The Boring Company: A Practical Investment?

Apart from these indulgences, much of what could be considered spending by him are actually investments into ventures like The Boring Company, which is aimed at solving traffic congestion problems via underground tunnels.

This is another testament to how deeply committed he is towards making our world a better place through technological innovation.

Funding Mars Colonization Plans

Perhaps most notably, however, might be his commitment towards funding plans for colonizing Mars, which according to some estimates could cost upwards of around $10 billion. 

Indeed, when it comes to where he spends his money, it seems clear that the majority goes back into supporting grand visions shaping humanity’s future rather than personal luxuries alone…

Elon Musk’s Family Life

Being one of the most successful entrepreneurs in the world, Elon Musk‘s family life is a topic of interest for many. 

In spite of his hectic timetable and multiple business undertakings, Musk has been able to sustain a strong bond with his kids.

Musk’s personal life is as intriguing as his professional journey.

Born in Pretoria, South Africa, Elon was raised alongside two siblings by Maye and Errol Musk. His parents divorced when he was young, which had an impact on him but also fueled his drive towards success.

The billionaire entrepreneur has been married three times and is currently dating musician Claire Boucher, known professionally as Grimes. 

They have a son together named X Æ A-12.

Elon Musk’s Children

In addition to X Æ A-12 with Grimes, Elon has five other sons from his previous marriage to author Justine Wilson: Nevada Alexander (deceased), twins Griffin and Xavier, and triplets Damian, Saxon, and Kai. 

He maintains shared custody of these boys post-divorce.

A Balancing Act

Juggling between running multiple billion-dollar companies like SpaceX and Tesla while being there for your kids isn’t easy, but Elon seems to manage it well enough despite the odds. 

He frequently demonstrates his adoration for them on social media, such as Twitter or Instagram.

Elon Musk Famous Quotes

  1. “When something is important enough, you do it even if the odds are not in your favor.” – Elon Musk
  2. “I think it is possible for ordinary people to choose to be extraordinary.” – Elon Musk
  3. “If something is important enough, even if the odds are stacked against you, you should still do it.” – Elon Musk
  4. “I say something, and then it usually happens. Maybe not on schedule, but it usually happens.” – Elon Musk
  5. “Persistence is very important. You should not give up unless you are forced to give up.” – Elon Musk
  6. “The first step is to establish that something is possible; then probability will occur.” – Elon Musk
  7. “It’s OK to have your eggs in one basket as long as you control what happens to that basket.” – Elon Musk
  8. “I think it’s very important to have a feedback loop, where you’re constantly thinking about what you’ve done and how you could be doing it better.” – Elon Musk
  9. “The future of humanity is going to bifurcate in two directions: Either it’s going to become multiplanetary, or it’s going to remain confined to one planet and eventually there’s going to be an extinction event.” – Elon Musk
  10. “Don’t confuse education with schooling. I didn’t go to Harvard, but people who work for me did.” – Elon Musk
  11. “My biggest mistake is probably weighing too much on someone’s talent and not someone’s personality. I think it matters whether someone has a good heart.” – Elon Musk
  12. “I think it’s possible for ordinary people to choose to be extraordinary.” – Elon Musk
  13. “If you get up in the morning and think the future is going to be better, it is a bright day. Otherwise, it’s not.” – Elon Musk

Verdict – How Much Does Elon Musk Make A Month?

Given the dynamic nature of his wealth, it’s challenging to pinpoint exactly how much Elon Musk makes a month. Guessing his monthly income is difficult, but we can draw on various sources to make an educated estimate.

Forbes’ real-time billionaire tracker, which estimates billionaires’ net worth by factoring in changes in markets and the economy, is one resource that offers some insight.

The bulk of Musk’s earnings don’t stem from a typical wage but rather from his sizeable investments in firms such as Tesla and SpaceX. His earnings fluctuate with the performance of these companies.

In 2023, for instance, Tesla’s stock skyrocketed over 700%, significantly increasing Musk’s net worth. On paper, at least, he was making billions per month during this period.

Musk’s Salary vs Stock Options

Musk has famously stated that he does not receive any regular cash salary from Tesla or SpaceX. Instead, he agreed to a unique compensation plan tied directly to company milestones.

This compensation package, approved by Tesla shareholders in 2018, involves no guaranteed compensation – neither salary nor bonuses. The only way for him to earn is through fully vested stock options dependent on ambitious market capitalization goals and operational targets.

Earnings From Other Ventures

Besides his roles at SpaceX and Tesla, Elon also earns money through other ventures such as SolarCity (now part of Tesla), Neuralink, and The Boring Company. Each contributes differently to his overall monthly earnings.

A Final Word…

Elon Musk’s monthly income is heavily reliant on volatile factors like stock prices. However, diversification across different business interests can be key to building substantial wealth.