Elon Musk is second on the restricted list of the world's richest men, with a net worth of $198.9 billion (€185.6 billion) behind LVMH founder Bernard Arnault. But, when you do the math, how much would a millionaire earn per second?
His wealth is closely linked to the performance of his companies, such as Tesla and SpaceX.
According to data reported to the US Securities and Exchange Commission (SEC) for the year 2023, Tesla achieved profits of $17.66 billion (16.4 billion euros) thanks to its operating and reportable sectors (automotive and energy generation and storage).
However, unlike Tesla, Musk's other projects such as SpaceX, Starlink, X (formerly Twitter), The Boring Company, xAI, and Neuralink are all private companies, meaning they are not required to disclose their finances to the public.
To calculate Elon Musk's earnings per second, you need to determine his ownership percentage in each company. According to Feinbold, who collected the data, a millionaire has:
The next step is to multiply each company's profits by Musk's ownership percentage to estimate his share of each project's profits. It is then necessary to add your share of the profits of all companies to get the total profit for the year 2023, and finally convert this annual value into profit per second to get the result.
Adding these numbers, Musk's total profits in 2023 are equivalent to $3.6203 billion. To calculate your total earnings per second, you divide your total earnings in 2023 by the number of seconds per year. There are 31,536,000 seconds in a year, so Elon Musk earns approximately $114.80 (€107) per second.
Emily Brontë is a journalist and feature writer specialising in culture, entertainment, literature, and current affairs. She is dedicated to producing clear, accurate reporting that helps readers stay informed about developments in the UK and around the world.
