According to the most recent Bloomberg billionaire index, Elon Musk is worth $206 billion, maintaining his number one spot as the world’s richest man. This title speaks volumes as he lost $64.5 billion of his net worth this year alone.
While he’s been extraordinarily wealthy for years, his fortune has significantly increased since 2018. Just four years ago, his net worth was $19.9 billion, according to Forbes. His net worth held relatively steady for the next two years –$22.3 billion in 2019 and $24.6 billion in 2020 — before skyrocketing in 2021. Last year, his fortune surged to $151 billion, before rising even higher to its current level.
How Much Money Does Elon Musk Make?
To put some perspective into Musk’s incredibly volatile earnings, consider this. On October 25, 2021, Musk earned $37 billion thanks to a 13% price run on Tesla stock. At face value, Musk’s net worth increased to a level higher than the market value of Dell Technologies — $36.41 billion — Deutsche Bank — $21.12 billion and Sun Life Financial — $27.26 billion — as of June 21, 2022, in one day.
Who Is Elon Musk?
Musk is the chief executive of Tesla, the world’s most valuable carmaker, and the chief executive of SpaceX, a rocket manufacturer tapped by NASA to resupply the space station.
Despite these titles, Musk technically doesn’t earn a salary. Instead of collecting a paycheck at Tesla, the company’s CEO — and majority shareholder — only gets paid when the electric automaker’s market capitalization and financial growth reach certain targets.
This arrangement seems to be working out for him, as he was slated to receive $23 billion in new compensation for the first quarter of 2022.
Financially speaking, it’s good to be Elon Musk. The world’s richest man has earned more in a day than the average person makes in a lifetime — several times over.