World¡¯s Second Richest Man Elon Musk Earns Rs 3 Crore Every Hour, New Study Reveals
Tech Billionaire Elon Musk earns approximately $6,887 (Rs 5.7 lakh approx) per minute, $413,220 per hour (Rs 3 crore approx), $9,917,280 per day (Rs 83 crore approx), and $69,420,960 per week(Rs 576 crore), as per a recent report released on Thursday
In data compiled by Finbold as of mid-February 2024, it was reported that Elon Musk's net worth amounted to $198.9 billion. This figure reflects the estimated total value of his financial assets, investments, and other holdings.
As per Forbes' real time data, his net worth stands at $205.5 billion.
How Is Elon Musk¡¯s Net Worth Calculated?
Elon Musk's net worth is determined by his ownership stakes in various companies, including 20.5% in Tesla, 54% in Starlink, 42% in SpaceX, approximately 74% in X (formerly Twitter), over 90% in The Boring Company, 25% in xAI, and more than 50% in Neuralink. This calculation considers the percentage of shares he holds in each enterprise as a part of his overall wealth
¡°Calculating earnings per second involved dividing this total by the number of seconds in a year (31,536,000), resulting in an approximate figure of $114.80 per second; this translates to $6,887 per minute, $413,220 per hour, $9,917,280 per day, and $69,420,960 per week,¡± the report said.
Elon Musk's Remarkable Earnings Maintain Significance Despite Slip In World's Richest Ranking
The significance of Elon Musk's earnings remains noteworthy even as he slips to the second position in the global rankings of the wealthiest individuals. Despite the shift in his ranking, Musk's substantial income continues to be a prominent factor in the financial landscape.
¡°Musk¡¯s financial prowess is nothing short of remarkable. Despite a dip in net worth from last year, he remains one of the wealthiest individuals globally, largely due to his diverse array of successful ventures,¡± the report stated.
¡°Through Tesla¡¯s electrifying innovations, SpaceX¡¯s ambitious space endeavours, and his involvement in various other ventures, Musk continues to leave an indelible mark on the world stage,¡± it added.
Who Are The Richest People In The World?
In the realm of billionaires, Elon Musk's net worth is undeniably impressive, as outlined in the report. Yet, he encounters formidable competition from Bernard Arnault, the chairman and CEO of the global luxury goods company LVMH, whose net worth stands at $219.1 billion. Amazon founder Jeff Bezos, although no longer holding the top spot, maintains a substantial wealth of $192.5 billion, while Meta Founder and CEO Mark Zuckerberg trails behind with a net worth of $166.6 billion.
