How much does Elon Musk make a second 2022

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It has been hard to escape the name of the SpaceX chief recently as the businessman’s latest endeavour captured headlines. But, as much as people know he is the World’s richest man, what does that really mean broken down? Let’s take a look at how much Elon Musk makes per second after his net worth surged in just two years.

Musk made a bid earlier this month to purchase Twitter for $44 billion. It was announced yesterday (April 25th) that the deal had been accepted.

Forbes announced in October 2021 that the Tesla CEO and Space X founder had overtaken Jeff Bazos. He is now the richest person in the world, and as Musk makes his huge spending habits public people want to know how much he makes.

So let’s break it down.

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Elon Musk’s journey to extreme wealth

Elon Musk’s wealth is not new, he saw his first billions during the early 2000s. However, his net worth has risen astronomically since 2020 from $30 billion to $270 billion, at which it currently stands.

The entrepreneur grew up in South Africa but immigrated to Canada at age 17 to avoid conscription into the army.

He eventually ended up in the USA where he travelled to study economics and physics at the University of Pennsylvania. Musk gained recognition in Silicon Valley for co-creating platform X.com. It later became known as PayPal, which was sold in 2002 for $1.5 billion.

The CEO used his share to set up Tesla and Space X and joined the Forbes billionaire list in 2012 with a net worth of $2 billion.

By 2020, his worth was valued at $25 billion, at which point Tesla share prices skyrocketed, induced by the covid-19 pandemic. His wealth only increased from there.

How much does Elon Musk make per second?

A calculator designed by a British vehicle buying and selling company has estimated that Elon Musk generates over $22,500 per minute.

Breaking this down would mean he earns $375 per second which equates to £298.

Elon Musk would be able to give £33.90 to every person currently on Earth and still have £33.90 left for himself.

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I hope that even my worst critics remain on Twitter, because that is what free speech means

— Elon Musk (@elonmusk) April 25, 2022

What’s next for the entrepreneur?

According to reports, Musk used $21 billion of his own money to purchase the social media site. He reportedly took the rest from loans tied to his Tesla stock, thus this will impact his overall wealth.

The purchase means Twitter will be privatised, allowing Musk control over site rules and regulations. Many have argued this threatens democracy.

Musk announced he would like to eliminate spammers and promote free speech in his new role as CEO.

The businessman is now head of seven companies, so where he will find the time, who knows.

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