Ever wondered, “How much does Elon Musk make a week?”

Many people have asked this same question. The response to this inquiry is captivating and can give knowledge into the monetary actualities of one of the world’s most extravagant individuals.

Elon Musk’s income isn’t just about what he earns in a week; it’s also about how his net worth has been accumulated over time through various business ventures like SpaceX, Tesla, and recently Twitter.

Musk, as per Forbes’ estimation, became the richest man on Earth in 2023, surpassing Jeff Bezos with an estimated net worth of $234 billion!

The Bureau of Labor Statistics states that the normal yearly salary for a person is around $51K. In contrast, Elon Musk makes far more than this in a single day!

In this in-depth guide we cover everything you MUST know about how much Elon Musk makes a week. We cover his incredible entrepreneurial journey, his greatest companies and achievements, and his biggest controversies.

We even answer your most important questions, including:

  • Is Elon Musk really a self made man?
  • How did Elon Musk make so much money during the pandemic?
  • Why did Elon Musk rebrand Twitter as “X”?

…And much more!

Whether you love him or hate him, Elon Musk is clearly one of the greatest entrepreneurs and visionaries of our time.

“I think it is possible for ordinary people to choose to be extraordinary.” — Elon Musk

So again we ask:

“How much does Elon Musk make a week?” Stay tuned as we delve deeper into musk’s earnings and wealth dynamics throughout this post!

Who Is Elon Musk?

Elon Reeve Musk is a world-renowned entrepreneur and business magnate, best known for his role as the CEO of Tesla Inc., SpaceX, Neuralink, and The Boring Company. 

Born in Pretoria, South Africa on June 28th, 1971 to a Canadian mother and Swiss father, Musk immigrated to the US in pursuit of his ambitions. 

In the mid-1990s, he moved to the United States to pursue his dreams.

Musk’s entrepreneurial journey began at an early age. He sold his first software called Blastar (which he coded himself) when he was just twelve years old. Later on, he dropped out of Stanford University within two days of joining a PhD program in energy physics due to the internet boom of the ’90s.

He co-founded Zip2 Corporation with his brother Kimbal, which was later sold for $307 million. 

This marked Musk’s entry into Silicon Valley, where he went on to create PayPal, which eBay bought for $1.5 billion.

Musk has been instrumental in revolutionizing several industries. From electric vehicles (EV) with Tesla Motors to space travel with SpaceX and high-speed transportation technology through Hyperloop – all these ventures reflect Musk’s vision towards sustainable future technologies.

In addition to this impressive portfolio, Musk is also active on Twitter, where he often shares updates about his projects or engages with fans directly. His tweets have even been known to cause significant shifts in stock prices.

Apart from being a successful businessman, Musk is also recognized for contributing significantly towards philanthropy. 

In 2018, his foundation gave away over $25 million to support education, research into renewable energy sources and pediatric health care.

How Much Does Elon Musk Make A Week?

Elon Musk, the celebrated business visionary and head of SpaceX and Tesla, has a salary that is difficult to comprehend. His earnings are not like a regular salary, but rather fluctuate based on his companies’ stock prices.

The question “how much does Elon Musk make a week?” is complex due to the structure of his compensation plan.

Musk doesn’t receive a standard salary from either Tesla or SpaceX. Instead, he earns through performance-based incentives tied to company milestones. This unique approach aligns with his vision for long-term growth over immediate profit.

Factors Impacting Elon Musk’s Income Per Week

To get an idea about how much money Elon makes weekly, we need to consider these factors:

  • Tesla Stock Performance: This plays a significant role in determining Musk’s wealth as he owns 20% of Tesla’s stocks. Any increase in stock value directly impacts his net worth.
  • SpaceX Valuation: Musk holds more than half of SpaceX shares. Therefore, any change in its valuation significantly affects how much money he makes per week.
  • Sale Of Assets And Other Investments: Beyond Tesla and SpaceX, Musk also profits from other ventures such as Neuralink and The Boring Company which can contribute towards his weekly earnings.

In essence, calculating exactly how much Elon Musk makes each week isn’t entirely straightforward. However, we CAN make some approximations, based on how much his net worth has grown in recent years. 

Elon Musk Salary Per Day, Week, Month

Elon Musk’s net worth was just $19.9 billion in 2018, and today it exceeds $234 billion. Using these numbers, here are my rough calculations:

  • 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 $832.58 million per week! This an unfathomable amount of money – keep in mind, this includes money that Elon Musk makes while he is asleep!

Elon Musk is clearly an inspiration to up-and-coming entrepreneurs looking to make as much as $1 billion per week from their businesses.

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

As one of the most influential business people in modern times, there is much curiosity about Elon Musk’s earnings.

Musk is primarily known for his role as CEO and lead designer at SpaceX, an aerospace manufacturer and space transportation company. While his salary from this venture isn’t publicly disclosed, considering its recent success, it’s safe to say he makes a substantial amount.

Tesla Inc., where Musk serves as CEO, has also significantly contributed to his wealth. 

In 2023 alone, thanks to an unprecedented surge in Tesla’s share price, Musk added $140 billion to his net worth, temporarily making him the richest person in the world according to the Bloomberg Billionaires Index.

The unique compensation plan that Musk agreed upon with Tesla means that he doesn’t earn any base salary or cash bonuses. Instead, he receives options that vest over time if certain market capitalization targets and operational milestones are met.

In addition to these ventures, Musk holds stakes in several other businesses, including Neuralink and The Boring Company, further diversifying his income sources.

Elon Musk Net Worth – A Detailed Overview

Elon Musk, the man behind several successful ventures such as Tesla, SpaceX, and SolarCity, has a net worth that is nothing short of astronomical. 

What’s the size of his fortune?

Musk’s wealth primarily comes from his stakes in Tesla and SpaceX. According to Forbes, Elon Musk’s net worth was estimated to be around $234 billion as of August 2023.

This makes him one of the richest people on earth. However, it’s important to note that most of this wealth isn’t liquid cash but rather tied up in company stocks.

Tesla Stake & Wealth Growth

Much of Elon Musk’s fortune is linked to Tesla, where he owns about a 17% stake. 

The electric vehicle manufacturer has seen its stock price skyrocket in recent years, significantly boosting his net worth.

SpaceX Valuation & Its Impact On His Fortune

Beyond Tesla, another significant portion of Elon Musk’s wealth comes from SpaceX – his ambitious space exploration venture. 

According to PitchBook data, SpaceX was valued at approximately $100 billion in late 2023.

The Influence Of Other Ventures On His Net Worth

In addition to these two companies, other business interests also contribute to Elon Musk’s overall fortune, including Neuralink (brain-machine interface development), Boring Company (infrastructure and tunnel construction services), and SolarCity (now part of Tesla).

He is also the new owner of Twitter, after he purchased the publicly traded company for a whopping $44 billion! 

He has since rebranded the new company to “X”, and has major plans to turn it into the biggest and most important social media platform in the world.

Elon Musk Net Worth By Year

As one of the most influential figures in technology and entrepreneurship, Elon Musk’s net worth has seen a significant increase over the years. 

Let’s take a look at his financial journey from 2014 to 2023.

A Breakdown Of Elon Musk’s Net Worth Over The Years:

  • 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

The growth didn’t stop there, as Elon ventured into more ambitious projects like SpaceX and continued to innovate with Tesla.

Much of Elon Musk’s wealth is concentrated in the stocks of Tesla Inc., where he holds positions as CEO and lead designer.

Musk also holds significant stakes in other ventures such as The Boring Company, Neuralink Corp., and SolarCity Corp., all contributing towards his massive fortune.

Elon Musk’s Business Ventures

As an entrepreneur, Elon Musk is involved in several high-profile business ventures. His entrepreneurial journey is truly remarkable and continues to inspire many.

The beginning of his entrepreneurship: Zip2 Corporation.

Musk and his sibling Kimbal established the software business Zip2 in 1996, which was to be their first entrepreneurial venture. 

It was later acquired by Compaq for approximately $300 million in 1999.

A foray into online payments: PayPal.

In 2000, Musk’s financial services company X.com merged with Confinity to form what we now know as PayPal. eBay later purchased this platform for $1.5 billion in stock, marking another significant success for Elon.

Tesla Motors – Revolutionizing Electric Cars

Musk joined Tesla Motors (now known as Tesla Inc.) as chairman and made substantial investments in the electric car manufacturer. Under Musk’s guidance, Tesla has established itself as a premier name in the automotive sector.

SpaceX – The Final Frontier?

In addition to his terrestrial pursuits, Elon also set his sights on space exploration through SpaceX (Space Exploration Technologies Corp). 

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

SolarCity & Neuralink – Towards Sustainable Energy & AI Integration

Beyond cars and rockets, Elon ventured into sustainable energy solutions through SolarCity (later absorbed by Tesla), aiming to combat global warming. 

Another noteworthy project is Neuralink, an ambitious endeavor aimed at integrating artificial intelligence with human brains.

Twitter – The New Free Speech Platform

Most recently Elon Musk purchased Twitter for $44 billion in 2023, and plans to turn it into a free speech platform to save democracy from those who wish to silence people for “wrong think.”

Musk’s latest venture involves revolutionizing transport infrastructure through advanced tunneling technology.

How Does Elon Musk Spend His Money?

As one of the wealthiest individuals in the world, Elon Musk’s spending habits are a topic of great interest. Despite his immense wealth, Musk does not tend to indulge in extravagant purchases of luxury items.

Musk has even sold most of his real estate properties, claiming to focus more on Mars colonization and less on earthly possessions.

Musk’s Philanthropic Efforts

In terms of philanthropy, Musk has made significant contributions. 

He signed The Giving Pledge, promising to donate at least half of his fortune during his lifetime or in his will.

In 2015 alone, he donated $10 million to the Future Life Institute for artificial intelligence safety research. Furthermore, through the Musk Foundation, he supports renewable energy research and advocacy as well as science education initiatives.

Luxury Purchases and Investments

While not an avid spender on luxuries like yachts or expensive jewelry, there have been some notable purchases by Elon Musk over time. 

One such purchase was a Lotus Esprit submarine car used in the James Bond movie “The Spy Who Loved Me,” which cost him nearly $1 million at auction.

Musk Reinvests Into His Companies

Musk also invests heavily back into his own companies – SpaceX and Tesla being prime examples – demonstrating that much of what he earns goes towards furthering technological advancements and innovation. 

The billionaire entrepreneur’s lifestyle certainly provides interesting insights into how high-net-worth individuals choose to spend their money.

Elon Musk’s Family Life

Known as the richest man in the world, Elon Musk’s life is not just about his business ventures and how much he earns. 

His private life, particularly his family unit, is likewise of huge significance.

Musk was born on June 28, 1971, in Pretoria, South Africa to Maye Musk (model/dietician) and Errol Musk (engineer).

He has two younger siblings: Kimbal and Tosca. Interestingly enough, all three have made names for themselves with Kimbal being a restaurateur and philanthropist while Tosca is an award-winning producer.

Musk’s Marital Life & Children

In terms of romantic relationships, Musk has been married three times – twice to actress Talulah Riley before marrying musician Claire Boucher aka Grimes in 2018.

The tech mogul is a father to seven children. Tragically though, his first son Nevada Alexander passed away due to SIDS when he was only ten weeks old. After this loss, he had five sons with ex-wife Justine Wilson through IVF – twins Griffin and Xavier followed by triplets Damian, Kai, and Saxon.

A New Addition To The Family With Grimes

In May 2023, X Æ A-12, a unique addition, joined the family when Grimes gave birth to their son. The couple later changed the baby’s name slightly, to X AE A-Xii, due to California regulations prohibiting numerals in names. 

This unusual choice sparked widespread interest online.

Raising Future Innovators?

Musk holds unconventional views on education too. Dissatisfied with traditional schooling methods for his kids, Musk founded AdAstra (now called Schoolhouse) in 2014. 

Its curriculum focuses more on problem-solving skills than rote learning, which reflects Musk’s own innovative mindset.

Balancing Work And Family Time:

This famous quote from Elon gives us insight into how dedicated he is towards achieving success. But does it affect quality time spent with family? 

Musk himself admitted that balancing work-life can be challenging but emphasizes that spending time with kids remains a priority. 

He even takes them along during company tours whenever possible.

Elon Musk Famous Quotes

As an entrepreneur and business professional, you might find inspiration in the words of successful individuals like Elon Musk

His quotes often reflect his innovative mindset and relentless pursuit of ambitious goals.

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

This quote emphasizes Elon’s belief in pursuing passions relentlessly. Despite numerous setbacks with SpaceX and Tesla, he continued to push forward because he believed strongly in their missions.

“I could either watch it happen or be a part of it.” – Elon Musk

Musk encourages active participation rather than passive observation. This mentality has led him to spearhead groundbreaking projects such as the Hyperloop transportation concept and Neuralink brain-computer interface technology.

The Power Of Failure

“Failure is an option here. If things are not failing, you are not innovating enough.” – Elon Musk

Innovation requires risk-taking, which inevitably leads to some failures along the way. However, these failures can provide valuable lessons for future success, according to Musk’s philosophy.

Persistence And Hard Work

“Work like hell. I mean you just have to put in 80-100 hour weeks every week.” – Elon Musk

Musk acknowledges that achieving significant results demands hard work and long hours – a testament reflected by his own rigorous work schedule at SpaceX and Tesla.

Visionary Thinking

“If we drive down the cost of transport into space…then life will become multi-planetary.” – Elon Musk

This statement embodies Musk’s visionary thinking – always looking ahead towards grand possibilities for humanity’s future.

Remembering these powerful quotes from Elon Musk can serve as motivation when facing challenges on your entrepreneurial journey.

Elon Musk Frequently Asked Questions

1. How Much Does Elon Musk Make Daily

Elon Musk makes an astonishing $118.94 per day, mostly in the form of stock options and bonuses.

2. How Much Does Elon Make Per Hour?

Based on the latest estimates, Elon Musk makes approximately $4.96 million per hour!

3. How Much Does Elon Musk Make In A Day 2023?

Elon Musk doesn’t have a salary, but his net worth has appreciated by $118.94 per day over the past 5 years.

4. Who Is The No 1 Richest Person In The World?

Elon Musk has reclaimed his throne as the no 1 richest person in the world in 2023, with an estimated net worth of $234 billion!

5. How Many Hours Does Elon Work A Day?

Elon Musk works approximately 14-17 hours per day, which adds up to a whopping 100+ hours per week!

6. Is Elon Musk Self Made?

Yes, Elon Musk is self-made. He moved to America with nothing when he was 17 years old, and went on to start several billion dollar companies!

7. What Is Elon Musk’s IQ?

Elon Musk has an estimated IQ of 150-155, making him one of the smartest men in the world today.

8. Is Elon Musk The Richest African American?

Yes, Elon Musk is the richest African American. He is both an African-American (he was born in South Africa) and the richest man in the world.

Verdict – How Much Does Elon Musk Make A Week?

The question of “How much does Elon Musk make a week?” is not as straightforward as it may seem. 

As CEO of multiple well-known enterprises, including SpaceX and Tesla, the amount Elon Musk earns is largely reliant on how these businesses fare.

Forbes estimates that Musk’s net worth has grown significantly over recent years due to the rising stock prices of his companies. 

Despite his wealth, Musk’s weekly income does not directly reflect it.

Musk’s compensation plan with Tesla is particularly unique. It’s based on a series of ambitious market capitalization milestones and operational targets rather than a fixed salary or bonuses. This means he only gets paid when Tesla reaches certain goals.

In 2023 alone, thanks to such an arrangement and Tesla’s remarkable growth, Bloomberg reported that Musk earned around $6.7 billion in option awards.

  • If we consider just this figure from 2023 divided by 52 weeks: That would be approximately $128 million per week from Tesla alone.
  • If we factor in other sources like SpaceX (whose financials aren’t publicly disclosed), then surely the number will be even higher. However, keep in mind that these numbers fluctuate greatly depending on various factors like company performance and stock market conditions.
  • Besides monetary gains, another significant part of what “Elon Musk makes” can also refer to how he builds value through innovation and leadership, which isn’t easily quantifiable but immensely impactful nevertheless.

This analysis shows us why trying to pin down exactly how much money Elon Musk makes every week can be quite challenging.

With a boatload of successful ventures and a net worth in the billions, it’s safe to say that Elon Musk is rolling in dough every single week!