City
Epaper

Elon Musk Earns Over $400K per Hour, Report

By IANS | Updated: February 15, 2024 17:46 IST

New Delhi, Feb 15 Tech billionaire Elon Musk makes around $6,887 per minute, $413,220 per hour, $9,917,280 per day, ...

Open in App

New Delhi, Feb 15 Tech billionaire Elon Musk makes around $6,887 per minute, $413,220 per hour, $9,917,280 per day, and $69,420,960 per week, a new report revealed on Thursday. According to data acquired by Finbold, as of mid-February 2024, Musk's net worth was reported at $198.9 billion. Musk's net worth is calculated by his ownership shares in numerous enterprises, which include 20.5 per cent in Tesla, 54 per cent in Starlink, 42 per cent in SpaceX, an estimated 74 per cent in X (previously Twitter), over 90 per cent in The Boring Company, 25 per cent in xAI, and more than 50 per cent in Neuralink.

"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. The report emphasised the importance of Musk's earnings despite his slip to second place as the world's richest person.

"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.

In the world of billionaires, Musk's net worth is undoubtedly impressive, the report said. However, he faces tough competition from the chairman and CEO of global luxury goods company LVMH Bernard Arnault, who boasts a net worth of $219.1 billion. Amazon founder Jeff Bezos, although no longer holding the top spot, still commands an impressive $192.5 billion, and Meta Founder and CEO Mark Zuckerberg trails behind with a net worth of $166.6 billion.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: Elon MuskTesla chief elon musktesla
Open in App

Related Stories

NationalX Blocks 8,000 Accounts in India After Government Order

MumbaiViral Sighting of Tesla Cybertruck Near Mumbai Stirs EV Enthusiasm (Photos)

NationalPM Narendra Modi Discusses Tech and Innovation Collaboration With Elon Musk

TechnologyGrok New Feature: Elon Musk Releases Video of X's AI Chatbot Introducing New Image Editing Tool

National'Mind Your Grok': Indian Govt Warns Elon Musk-Owned X Over AI Chatbot's Responses

Technology Realted Stories

TechnologySteadfastly follow Atmanirbhar Bharat for strategic independence: NITI Aayog's VK Saraswat

TechnologyAjmera Realty's Q4 profit falls 12 pc, revenue declines 34.68 pc

TechnologyHCL-Foxconn plant reflects India’s growing maturity in semiconductor manufacturing

TechnologyIndian researchers develop catalyst for sustainable oxygen electrocatalysis

TechnologyIndia successfully tests hard-kill counter-swarm drone system ‘Bhargavastra’