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Elon Musk is one of the richest people in the world, and he briefly surpassed Jeff Bezos to become the richest person ever. He has a net worth of about $177.2 billion, and he earns approximately $266,666 every minute despite never taking a paycheck from Tesla. Musk is paid via a lucrative compensation package that awards him stock options if Tesla meets certain performance goals. Musk received $50 billion in stock options when Tesla’s market cap reached $650 billion, which wasn’t expected to happen until 2028. Few people expected Tesla to become so valuable so quickly, and today the EV maker has a market cap of about $764.25 billion. Today, Musk owns about 241 million shares of Tesla which is approximately 25% of the company. The company’s recent success has made Musk incredibly rich and the trend shows no sign of slowing down. At the beginning of 2020, Musk was worth a mere $27 billion, but by the end of 2020 his net worth stood at about $167 billion. That means his net worth increased by an average of $383,561,643 per day in 2020 or about $15,981,735 per hour. Musk makes nearly 5.5 times more money in a single minute than the average American makes in an entire year. Musk’s net worth is tied to Tesla’s share price. The higher the stock price climbs, the richer Musk becomes. Musk also owns 48% of SpaceX, and his stake in the company is worth about $46 billion. Here’s a close look at how quickly Elon Musk makes money.
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00:38 Elon Musk
02:19 How Musk Makes Money
04:09 Successful Businesses
04:54 How Quickly Musk Makes Money”