The bottom line: At the current rate, it would take Musk 49 years to become the world’s first trillionaire – Elon Musk is one of the wealthiest people of all time, challenging the wealth of some sovereign nations. What’s arguably even more impressive is that he still ranks as the second richest individual in the world, despite having a net worth that’s $160 billion below its peak reached in 2021.
- 1 How much does Elon Musk earn per hour?
- 2 How long does Elon Musk sleep?
- 3 What is Elon Musk salary per year?
- 4 Who is No 1 richest man in the world now?
- 5 How much does Mark Zuckerberg sleep?
- 6 Can I sleep for 6 hours?
- 7 Is it OK to work 80 hours a week?
- 8 What is Tesla CEO salary?
- 9 How much does Bill Gates make an hour?
How much does Elon Musk earn per hour?
How Much Elon Musk Makes Every Hour – When you break down his earnings further, you will find that Elon Musk earns around $1,847,000 per hour. This is more than most people make in their lifetime. Taking $50,000 as the average income in the US, most people earn about $1.7 million in their lifetime.
What is Elon Musk’s monthly income?
Elon Musk earns close to Rs 81 lakh per month from its Twitter subscribers, here is how : Elon Musk is making a lot of money through its subscribers. The billionaire is earning close to Rs 81 lakh per month by just providing some exclusive content to its Super Followers.
The number is pretty big, but people who have a lot of followers can also make good money on a monthly basis, granted if they are able to offer quality content to subscribers. Musk has shared a screenshot via his Twitter handle, saying that content creators can make money using the monetization option on the platform.
The same image also reveals that Elon Musk has about 24,700 subscribers to whom he is offering exclusive information and access to his online sessions. He is charging about $4 to every user on a monthly basis. This basically means that he is earning about $98,800 (roughly Rs 80.9 lakh) per month if you take 24,700 subscribers into account.
- So, Musk is earning close to $100,000 through its monthly subscribers, which is around Rs 81.9 lakh in India when converted.
- The price is similar for most regions and Indians need to pay Rs 390 per month, which is $4.76 in the US when converted.
- Earlier this month, Elon Musk asserted that he would do an “ask-me-anything for subscribers,” but this will be once every few weeks.
He also revealed that people who will pay and become his Super Follower will also be able to participate in his discussions that will be held on Twitter Spaces. The Subscriber button is visible on the profile page of Elon Musk and users will be able to become a subscriber by tapping on the button and paying for it.
How long does Elon Musk sleep?
Elon Musk says his days of trying to sleep less and work more are over — at least, relatively speaking. The Tesla, SpaceX and Twitter CEO, who referred to himself just last year as ” fairly nocturnal,” has a history of pulling all-nighters and sleeping under his desk to get work done.
- Now, he makes an effort to sleep at least six hours per night, he said in an interview with CNBC’s David Faber on Tuesday.
- I’ve tried less, but,
- Even though I’m awake more hours, I get less done,” Musk said.
- And the brain pain level is bad if I get less than six hours,” The ideal amount of sleep varies from person to person, but most adults ages 18 to 60 should sleep at least seven hours a night, according to the Centers for Disease Control and Prevention,
Sleep deprivation is linked to heart disease, kidney disease, high blood pressure, diabetes, stroke, obesity and depression, adds the National Institutes of Health, Staying awake for too long even causes your body to mimic the impairments of being drunk, the CDC also notes,
Other business titans have noted the importance of getting enough sleep in recent years. Bill Gates once boasted a workaholic lifestyle, including no vacation time and a relative lack of friends and social life. Now he gets at least seven hours of sleep, he wrote in a 2019 blog post, “My all-nighters, combined with almost never getting eight hours of sleep, took a big toll,” Gates wrote.
Jeff Bezos has also said he prioritized sleep while running Amazon. ″Eight hours of sleep makes a big difference for me, and I try hard to make that a priority,” he told Thrive Global in 2016. “For me, that’s the needed amount to feel energized and excited.” Sleep is only part of the equation, experts say.
Another variable: how much time you spend at work. Working more than 55 hours per week can increase the chances of developing heart disease and stroke, research indicates. Work overload can also hinder your relationships and job performance, psychologist Adam Borland told the Cleveland Clinic’s health blog in 2021.
Musk often works seven days per week and only takes “two or three” truly workless vacation days per year, he said on Tuesday. He doesn’t expect his employees to model that behavior, he added. “I’m also not saying shouldn’t take vacations,” Musk said. “I work seven days a week, but I’m not expecting others to do that.” DON’T MISS: Want to be smarter and more successful with your money, work & life? Sign up for our new newsletter! Get CNBC’s free report, 11 Ways to Tell if We’re in a Recession, where Kelly Evans reviews the top indicators that a recession is coming or has already begun.
How much money does Elon Musk have in 2023?
Surprising Fact – Musk’s fortune is now at its highest level of 2023, up about 50% from its January bottom just below $140 billion, though it remains far below its late 2021 peak of about $320 billion.
Does Elon Musk work 100 hours?
Elon Musk – The Daily Routine of a Tech Titan The man, the myth, the legend. Elon Musk is one of the most interesting CEOs in the world. This South African tech mogul leads the way in the EV and renewables markets, and he’s also behind Space X, the company promising to make space travel a reality, even for the average person.
- It would be fair to say he has some lofty goals set to a notoriously aggressive optimistic schedule — referred to as “Elon time” — which often doesn’t go to plan.
- However, he’s a successful entrepreneur responsible for building some of the world’s most innovative technology, rivaling for the title of most innovative.
- Today, he splits his time between running his companies:,, The Boring Company, and Neuralink.
His day is organized into 5-minute-long segments, and he often works so hard that he skips meals. is also known to employ this rigorous way of scheduling workdays. Musk is known to spend the night sleeping on the production floor or in a conference room just to eke out productivity gains.
- Elon Musk wakes up early, around 7 am, and gets things started with a shower. He often skips breakfast and prefers an omelet if he does eat breakfast.
- His workweek is split between his various businesses. Most of his time is spent on design and engineering work.
- Musk prioritizes meetings and workflow, frequently cuts meetings short, and actively discourages unnecessary meetings.
- When he’s not working, he likes to relax with some whiskey or wine, reading anime, and tweeting. He goes to bed around 1 am.
- Musk wakes up each morning at around 7 am.
- He says he likes getting around six to six-and-a-half hours of sleep per night.
- Sleeping in is not an option for him, saying it affects his performance more than if he sleeps less.
- After getting up, he showers, dresses, and enjoys a morning cup of coffee.
- However, he says he is usually in such a rush that he skips breakfast most days.
- On the days he does eat breakfast, he likes an omelet.
- In a, he mentioned that showering is the most important part of his day.
- He says that he doesn’t feel in the right headspace without his shower, and it’s a critical part of waking up and preparing him to face the challenges of the day.
- Next, he sends his kids off to school and drives to work.
- Musk claims he regularly works 80 to 100-hour workweeks, with most of his skillset being focused on design and engineering work.
- Approximately 90% of his time at SpaceX involves design work, and it takes up 60% of his day at Tesla.
- He’s an efficient multi-tasker who doesn’t attend to emails and forgoes most of his phone calls.
- Mondays and Fridays are spent at SpaceX in Los Angeles or Boca Chica, and the rest of the week at Tesla or Twitter in San Francisco.
What is Elon Musk salary per year?
Elon Musk 2023 Complete Profile –
|Net Worth||$228 billion|
|Profession||Businessmen (Space X founder CEO of Tesla)|
|Monthly Income And Salary||$200 Million +|
|yearly Income||$2400 Million +|
|Born||28 June 1971|
|Place||Pretoria, South Africa|
|Spouse||Talulah Riley (m.2013–2016), Talulah Riley (m.2010–2012), Justine Musk (m.2000–2008)|
|Children||X Æ A-Xii, Nevada Alexander Musk, Griffin Musk, Kai Musk, Damian Musk, Saxon Musk, Xavier Musk|
Who is No 1 richest person in the world?
Who is the richest man in the world? – As of July 1, 2023, the richest man in the world is Elon Musk, the CEO of electric car company Tesla; he’s worth $237.7 billion. He moved into the number one spot in June, overtaking Bernard Arnault of France.
Who is No 1 richest man in the world now?
Top 10 richest people in the world
|Name & Rank||Country||Net Worth (in $ Billions)|
|#1. Elon Musk||United States||$250.4 B|
|#2. Bernard Arnault & family||France||$239.6 B|
|#3. Jeff Bezos||United States||$157.3 B|
|#4. Larry Ellison||United States||$150.3 B|
Is Elon Musk a trillionaire?
Who will become the world’s first trillionaire? When the first billionaire was announced in 1916 this colossal figure must have seemed even more unreachable than it is today. However, 83 years later the title of the first centibillionaire (US$100 billion) was given to Bill Gates, who was joined by eight others that were predominantly based in the US and made their money in tech.
- But now a handful of high net worth individuals are set to see their wealth climb to a valuation that for many people seems astronomical, and what’s surprising is that this figure will be obtained for a select few within the next five years.
- A study by Approve, a leading platform for finance and procurement teams, has predicted the year and age that the world’s wealthiest will reach this milestone.
The research analysed the net worth and yearly growth rate of the top wealthiest individuals in order to predict their performance for the next 30 years. However, an estimation always has some uncertainty attached to it, making the trillionaire race worth keeping an eye on in the coming years.
The top 10 from the trillion-dollar club is largely dominated by males from the sector, including Google Founders Larry Page and Sergey Brin. An exception to this rule is Bernard Arnault, Chair and Chief Executive of LVMH in fourth place, who is the only representative from the world of fashion within the top 10.
As a leader in the luxury sector, the multinational conglomerate recorded US$326 billion in sales last year that mostly stemmed from its fashion and leather goods. Leading the race is Tesla and Space X Founder. With a current net worth of US$263 billion and an annual growth rate of 129 per cent, Musk is anticipated to reach US$1.38 trillion in the next two years at age 52.
- It was in fact Jeff Bezos who was set to become the first trillionaire.
- However, he is now forecasted to reach US$1.06 trillion in 2030, six years behind Musk in sixth place.
- Gautam Adani and Zhang Yiming are anticipated to be the next to amass more than US$1 trillion after Musk, according to the study.
By 2026 Yiming will be 42 years old, making him the youngest,
As the Founder of Beijing-based ByteDance, Yiming directs one of the fastest-growing social media platforms – – that’s particularly popular among Generation Z.The primary ways that the company generates revenue is through ads and in-app purchases using virtual coins that can be obtained through the app, allowing users to then buy virtual gifts. TikTok has recorded more than US$110 million in sales in just one year, however, almost 80 per cent of ByteDance’s revenue is derived from the Chinese version of TikTok, Douyin. Adani and Mukesh Ambani in second and fourth place respectively have headquarters in India and are driving some of the nation’s most profitable businesses, ahead of well-known US tech founders Bill Gates, Jeff Bezos, Mark Zuckerberg and Larry Ellison.
The Adani Group has multiple income streams from investing in businesses in the renewable energy, oil and gas sectors. The company additionally owns seaports and manufactures defence equipment, which only contribute to its impressive annual growth rate.
What is Elon Musk’s IQ?
Like, is Elon Musk a genius? It answered, Elon Musk’s IQ is reported to be 155, which is very high compared to the average of 100.
How much does Mark Zuckerberg sleep?
Experts recommend seven to nine hours of sleep per night for most adults, but how many of us actually achieve that? Wealthy tech CEOs, apparently. In a post on the newly launched Threads app, Meta CEO Mark Zuckerberg claims that he’s mastered what we all dream of—getting about seven to eight hours of sleep per night. The rise in sleep technology is ironic given that screen time is typically frowned upon before bed; however, that hasn’t stopped the influx in innovations designed to improve sleep from wearable tech, such as the Oura ring, which costs between $299 and $449, to “intelligent sleep systems” like Eight Sleep, which retails for $2,295.
They’re all speaking to a big demographic— 84 million Americans report that they only get “fair” or “poor” sleep every night. That likely includes CEOs, many of whom often stay up until the wee hours or famously wake up before the sun rises, But some, like Zuckerberg, are turning to technology to aid in their quest for the perfect night of sleep.
Health tech CEO Bryan Johnson, who is spending $2 million a year on anti-aging, also swears by Eight Sleep, He also uses Whoop, a membership-based app that offers in-depth personalized sleep monitoring starting at $30 per month. Instead of prescribing the general guidance of seven to nine hours of sleep, Whoop makes suggestions regarding how much sleep you need based on optimal recovery, whether you took a nap, and recent stress or strain to your body.
Can I sleep for 6 hours?
Getting six hours of sleep a night and feeling great the next day may sound like the dream. Think of all the extra time you’d have for work, for hobbies, or just for Netflix in the evening. But, unfortunately, six hours simply isn’t enough sleep for most people.
It might not feel too far off the often recommended seven to nine hours of sleep, but even a small amount of sleep deprivation can have huge impacts on your energy, productivity, and health. Below, we’ll dive into whether six hours of sleep is enough, the impacts of only getting six hours of sleep, and how you can use the RISE app to find out how much sleep you need.
What is Elon Musk 5 minute rule?
What is Elon Musk 5 minute rule? – Elon Musk 5 minute rule is one of the best time management techniques, It makes you divide your day into blocks of time. Each block is dedicated to accomplishing one or more tasks, allowing you to have a concrete schedule that lays out what you will work on and when.
- From the second Elon Musk’s head lifts off his bedroom pillow at 7 a.m., his day has already been pre-planned in advance.
- There is no room for random interruptions — there are no blocks of time left unscheduled.
- In conclusion, no time wasters ! By using the time-blocking time management method, Musk intentionally plans his day out in five-minute increments or ‘time blocks.’ Each time block is assigned to a specific task or activity.
For example, Musk would use the time-blocking method when responding to overdue emails, eating meals, or timing work meetings. Time management expert, Kevin Kruse, also suggests through research in his book, 15 Secrets Successful People Know About Time Management (audiobook), that different top performers in various fields, organize their day through time blocks instead of to-do lists.
- Time blocking forces you to fill up free time with pre-commitments and a plan of action.
- Doing so prevents you from wasting precious time on a task that could be finished quicker.
- That’s why time blocking is a well-known recommended time-saving tip,
- Another benefit of time blocking is that it reduces the number of choices you would have to make on any given day — preserving your willpower to tackle your most important tasks.
Elon Musk’s ‘5 Minute Rule’ seems simple, but you may struggle a bit to implement it. The main reason for this is that you must plan your next day for the tasks you want to do, but by sitting in 5-5-minute blocks. Here are some tips and tricks on how to do it.
Is it OK to work 80 hours a week?
Key Takeaways – It might not be the healthiest long-term solution to work 80 hours a week. However, it can sometimes be unavoidable. If you are working an 80 hour week, try to do it intermittently or for short periods. The most important thing you need to consider to avoid burnout is to keep a healthy sleep schedule.
- If you don’t get enough sleep you won’t be able to complete your tasks and responsibilities as efficiently.
- Plus, not getting enough sleep can lead to other mental and physical health problems.
- Try and mix in some exercise and some personal time throughout your days to reset and refocus.
- By breaking up your days, you can stay as productive as possible and avoid the chance of burnout.
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What does Elon Musk eat?
The eccentric billionaire has some unusual eating habits. Sugar makes you sick? Elon Musk apparently doesn’t care. When a US scientist wrote about the negative effects of sugar a few weeks ago, the billionaire felt compelled to proudly proclaim on his own Twitter platform : “I eat a donut every morning.
- Still alive.” Musk, who has repeatedly hit the headlines for the treatment of his employees, amongst other things, cares little for the opinions of others – and that includes on matters concerning his body, his health and, above all, his eating habits,
- He is as indifferent to topless pictures that circulated on the internet showing a very well-fed Musk, as he is to the possible consequences of unhealthy eating,
“I’d rather eat well and live shorter for it,” is one of his quotes on the subject. He even had to take a scolding from his father, Errol Musk, for this. Musk’s favourite foods include sushi (a handy meal for stressed-out entrepreneurs), steaks (he has been spotted in LA eating steak with Kanye West), chocolate, croissants and French pastries.
He also can’t get enough of coffee – no wonder since Musk sleeps very little and keeps himself awake with it. In the meantime, however, the Tesla boss has been able to reduce his weight – not by giving up donuts and the like, but with interval fasting, According to his own statements, he used the weight-loss app ‘ Zero ‘; he also admitted to having a personal trainer but very rarely working with him, but at least he sometimes lifts weights and stands on the treadmill.
In any case, Musk does not follow any particular diet plan ; he also eats at unusual times – quite in keeping with his investment and business style. He is as volatile in his decisions (keyword: Twitter) as he is in his eating – sometimes it’s fast food, sometimes the finest cuisine in a Michelin-starred restaurant.
According to media reports, whisky is his favourite alcoholic beverage, but the native South African is allegedly not averse to wines from his homeland either. Beer, however, is probably also one of the billionaire’s favourite drinks, after all, he recently launched his own ‘ Giga Beer ‘; in autumn 2021, he announced at the opening of his Gigafactory in Germany that he would produce such a beer, and now it can be ordered in the Tesla shop.
However, this is more of a marketing stunt than a product offensive, proven by the steep price of €89 for three bottles of the limited edition Giga Beer, which is brewed in Berlin. Tesla and Musk fans will nevertheless get their hands on it. Musk also wants to extend his investment skills to the gastronomy sector – in 2021, plans became known that he wanted to connect fast-charging stations for his Teslas with restaurants.
There are also rumours of a Tesla restaurant in Hollywood that could be open 24 hours a day. However, nothing concrete has been realised so far. Far more choosy than Elon Musk is his brother Kimbal, with whom he co-founded the Zip2 technology company. In the early 2000s, while Elon was taking off in California, Kimbal attended the French Culinary Institute in New York; later he opened The Kitchen, a restaurant in Boulder, Colorado, with offshoots of it in Denver and Chicago.
Kimbal Musk is also involved in various healthy eating projects for children and urban farming concepts.
How much is a billion dollar salary?
As of Jul 12, 2023, the average annual pay for a Billion Dollar in the United States is $102,500 a year. Just in case you need a simple salary calculator, that works out to be approximately $49.28 an hour. This is the equivalent of $1,971/week or $8,541/month.
What is Tesla CEO salary?
1. Elon Musk, Tesla: $23.5 billion – Tesla CEO Elon Musk. Patrick Pleul—POOL/AFP via Getty Images Musk, the founder and CEO of SpaceX and Tesla, “realized” compensation worth almost $23.5 billion in 2021, from exercising some Tesla stock options awarded in a 2018. Tesla ranked 65 on this year’s Fortune 500.
The company had a blockbuster 2021, bringing in $53.8 billion in revenue, up 71% from 2020, and expanding significantly into key European and Chinese markets. Tesla delivered 936,000 vehicles in 2021, an 87% increase that puts the company at the pinnacle of the global EV industry, with a 14% market share.
Musk did not respond to Fortune ‘s requests for comment.
Is Elon Musk self made?
Elon Musk: Biography of a Self-made Entrepreneur and Billionaire.
How much does Elon Musk makes per minute?
How Does He Do It? – Source: Mashable India Not just from Tesla stocks, Musk also makes considerable income from SpaceX. Specifically, the company is employed by various commercial and government entities to transport various items into space. The figures for his worth are even more staggering when broken down into various other increments.
Specifically, Musk makes approximately $22,500 in a single minute or $375 in a single second. Conversely, these numbers pale in comparison to the typical annual income of an average person. A person can earn around $51,000 to $70,000 a year, which translates to a calculation of $4,250 to $5,830 for a specific month.
Another interesting note is his ongoing feud with Jeff Bezos, as the two have routinely traded the top spot as the richest men in the world. Currently, Bezos has flipped Musk to retain the top spot. Mostly due to the Twitter investment, and a rather harsh underperformance of Tesla shares amidst that transitionary period.
- However, there continue to be financial benefits in a host of Musk’s endeavors.
- Meaning that his wealth should continue to grow as SpaceX, Nerualink, and other projects continue to emerge.
- Moreover, Musk has recently addressed a potential AI competitor to enter the avenue created by ChatGPT.
- A company that Musk had a hand in creating.
How that fares should also continue to shift his wealth status upward.
How much does Bill Gates make an hour?
How much money does Bill Gates make a week? – If we look at it from a weekly perspective, he earns $33.8 million per week. This is more than what most people will earn in their entire lifetime, and it’s mind-boggling to think about how much wealth he has accumulated over the years.
How fast did Elon Musk make his money?
How Elon Musk Made His First Million – Now we’re getting to the good part. This is how Elon Musk’s net worth really took off. Elon saw the potential that the Yellow Pages (if you were born this century you probably don’t even know what those are) was missing.
So he started Zip2, He realized that he and his brother were fumbling around trying to find Netscape’s pitch and listing in the Yellow Pages. So he built Zip2 to be a searchable business directory that people could use to get door-to-door directions to businesses. To get the business off the ground, Elon purchased a local business directory for a few hundred dollars.
So for your business, what is the simplest and cheapest action you could take right now that will produce a return? Elon purchased that business directory — it wasn’t super cheap, but it provided him with everything he needed to build Zip2’s website and start getting customers.
- When I started AppSumo, I didn’t hire a big-ass team.
- I didn’t spend a lot on marketing.
- I went and hit up one company (which was Imgur ) asked if they would offer a discount and then I went onto Reddit and asked people if they wanted to buy it, and we sold 200 of them.
- And just like that, AppSumo was started.
I know many of you today might not even know what the Yellow Pages are, and it might seem obvious to have an online business directory, but this was 1995. Most people didn’t even really know what the internet was. So Elon and his brother actually had trouble convincing anyone to believe in their idea.
- And this is wild When they launched the website, Elon only had $2000 in the bank! So most of their costs were covered by their father, who gave them $20,000 to get it going.
- Elon and his brother actually lived super cheap.
- They slept on futons at the office rather than renting an apartment, they showered at the YMCA a few blocks away, and they shared one computer between them.
Elon programmed at night, and turned the server on during the day. And Elon even convinced a startup in the office below to use their internet so he could save money on the internet costs! This is the stuff I love reading about — what it actually takes to be successful.
Because sometimes as you start getting money, you just throw money at every problem you have. But a lot of times if you don’t have resources, you can be creative! Just like these guys were. When I started, I slept on couches and in my aunt’s basement to save money so I could work on my businesses. Once the website was up and running, Elon hired salespeople on commission and they went door-to-door in malls and shopping areas to sell sponsored listings.
Slowly, the money started to trickle in. This is one of the things I’ve talked a lot about to you guys — keep your expenses low in your personal life AND your business, because then you don’t have to worry about making a ton of money! And that’s exactly what happened with Elon and his business.
They were able to achieve positive cash flow early on, which looked good to investors. So around 1997, Zip2 began offering a platform service to newspapers — they were licensing their technology. They offered directories and city guides to these companies. By 1998, almost 200 newspapers were using their platform.
I really like his business model where at first he started selling directory listings and then he started selling the technology itself. There are a lot of different business models out there. I worked at Mint which was a free service that offered useful information but it was also a lead gen for credit cards and tax stuff.
It was a win-win-win for everyone! AppSumo has an interesting business model, too! We promote amazing deals for entrepreneurs, you get a great deal, our partners get money and new customers and we make a little bit of money. Everyone wins. So take time to figure out which business model works for you that you can scale out.
Okay, back to Elon. What’s crazy is that he STILL hasn’t achieved $1 million dollars — or even anything close to his current net worth — yet. So how did he get there? In ‘96 Mohr Davidow Ventures invested $3 million in Zip2, but Elon had to hand over most of his shares and the role of CEO to someone else.
He was demoted to CTO and (not surprisingly) he was pissed off! But he needed the money to take Zip2 to the next level, so he did the deal. Zip2 actually had customers like The New York Times, Pulitzer Publishing, and Hearst Corporation — so before Craigslist owned the world of classified ads, Zip2 played a big role in print publishing going digital and the company did grow quickly.
Because of this, Elon got sour about the idea of someone else running his business. This is where it gets crazy In ‘98, the new CEO tried to merge with CitySearch and Elon actually organized a coup to have that CEO ousted — and he reinstated himself. The plan worked at first, but it backfired when Zip2’s board turned around and sold the company to Compaq in 1999.
- Damn. I’ve definitely had issues with my previous company, too.
- It was me plus two other founders and it was like a three-headed dog — we all wanted to go in our own direction, so the company went nowhere.
- So that’s why it’s been so important for me with my current business partner Chad that we have a lot of alignment about where the hell we’re trying to go.
So the Zip2 deal amounted to $307 million dollars and Elon FINALLY became a millionaire by ending up with $22 million from the deal. I know you might be thinking, they sold for $300 million and he got less than 10%?? In Silicon Valley there’s dilution.
So the more that you get from investors, the smaller your percentage is — but hopefully it’s a big pie anyways. And $22 million bucks is still a good payday! So Elon Musk became a multi-millionaire at 27 years old, and he used over $11 million from that payout to fund X.com, which eventually became PayPal,
In 2002, PayPal sold to eBay, and Elon earned $180 million from that deal. So, here’s a rough timeline of how Elon’s first businesses:
1984: Elon creates Blastar video game at age 12, sells for $500 1995: Elon graduates from UPenn, enrolls in & drops out of Stanford 1995: Elon co-founds Zip2 with $28,000 loan from his father 1999: Elon earns $22 million from Zip2 sale to Compaq 1999: Elon founds PayPal with $11 million 2002: Elon earns $180 million from PayPal sale to eBay 2002: Elon starts SpaceX with $100 million 2003: Elon co-founds Tesla
He’s founded and co-founded a few other companies since then (like Neuralink and The Boring Company) which also contribute to his net worth, but that’s a breakdown of how Elon got his start. It’s crazy that he went from basically $0 in 1995 when he started Zip2, to $180 million in just 7 years! Although Elon has made billions of dollars, he considers himself cash-poor.
How many hours of work does Elon Musk do?
It’s no secret that Elon Musk puts a tremendous number of hours into his work, famously working upwards of 120 hours per week, and sharing his opinion that founders need to work 80-plus hours a week, The astronomical number leaves many wondering how he finds time to sleep and exhausted by the thought of working so much.
- It appears as though the founder of multiple companies and father of seven has more hours in the day than others.
- And, of course, while this isn’t so, there is something Musk has that others don’t.
- Those who put in a great deal of time per week, week after week, are those who have one free thing that others don’t.
It’s not that they have the superhuman ability to survive without sleep, have incredible time management skills, or are powered by a tremendous amount of motivation. They have fun. The only way a founder can sustain working an incredibly high number of hours every week, month after month, is by having fun.
- And psychology proves it.
- We all have the same number of hours in a day, and seconds in minutes, but that doesn’t mean we all experience hours, minutes, or even seconds the same way.
- Psychologically, time passes very differently depending on our emotional state,
- In fact, when under stress, our perception of time actually slows down.
It’s why, when giving a short speech or presentation, seconds feel like minutes, meanwhile, hours pass like minutes during dinner among great company. It’s also why the world’s top boxing champions are known for unbelievably fast reactions. So fast that to onlookers, it appears as though boxers preemptively know their opponent’s next move.
In reality, they don’t know what they’re going to do next; they see what they’re already doing. But because they’re under such stress, their perception of time is in slow motion, enabling them to see what others cannot. Founders who are having fun experience time differently, so they’re able to work more without the physical or mental effects typically associated with long working hours.
When time is spent having fun, the mental state doesn’t deteriorate like it would under stressful or dissatisfying conditions. John Mackey, who built the $14 billion supermarket empire Whole Foods from the ground up, said that it “wasn’t work, it was play.” The founder, who worked 80 hours a week in the early days, still works a great deal-even after becoming a millionaire and as he pushes 70 years old.
- Because neither money nor age will stop you from doing something if it is fun.
- Instead, it actually serves to energize.
- So while the idea of working 80 or even 120 hours per week sounds draining to many, for those having fun, it is exhilarating.
- Founders are expected to have a ton of passion and drive, but we don’t necessarily expect founders to be having a ton of fun in the process of building a successful startup, which involves a tremendous amount of hours, little sleep, and missed soccer games.
But founders need to have fun to fuel their ability to invest a great deal of energy into their startup. In nearly any other field, a lot of work isn’t exactly synonymous with a lot of fun. But in entrepreneurship, hard work is fun work. And to be successful and launch like Elon Musk, you need to have fun doing hard things.