uniladtech homepage
  • News
    • Tech News
    • AI
  • Gadgets
    • Apple
    • iPhone
  • Gaming
    • Playstation
    • Xbox
  • Science
    • News
    • Space
  • Streaming
    • Netflix
  • Vehicles
    • Car News
  • Social Media
    • WhatsApp
    • YouTube
  • Advertise
  • Terms
  • Privacy & Cookies
  • LADbible Group
  • LADbible
  • UNILAD
  • SPORTbible
  • GAMINGbible
  • Tyla
  • FOODbible
  • License Our Content
  • About Us & Contact
  • Jobs
  • Latest
  • Archive
  • Topics A-Z
  • Authors
Facebook
Instagram
X
TikTok
Snapchat
WhatsApp
Submit Your Content
How soon Elon Musk would run out of money if he spent $1,000,000 a day is blowing people's minds
Home>News
Published 16:55 24 Sep 2024 GMT+1

How soon Elon Musk would run out of money if he spent $1,000,000 a day is blowing people's minds

It would take a lot of years to bring Musk's wallet to zero

Rebekah Jordan

Rebekah Jordan

google discoverFollow us on Google Discover
Featured Image Credit: Jared Siskin / Contributor / NurPhoto / Contributor / Getty
Elon Musk
Tesla
SpaceX
Nasa

Advert

Advert

Advert

To think of the wealthiest people in the world today, your mind would turn to Elon Musk, Jeff Bezos and Bill Gates.

While some live more modest or philanthropic lives than others, you can't deny their wealth.

Musk has his hand in several billion-dollar projects.

For starters, his Tesla business has a net worth of $798.66 billion manufacturing electric vehicles.

Advert

Then, his SpaceX project is potentially partnering with US space agency NASA to properly dispose of the International Space Station when the time comes.

Jared Siskin / Contributor / Getty
Jared Siskin / Contributor / Getty

A lot of Musk's wealth also comes from his investments in the stock market.

But just how many days would it take for Elon Musk to go broke if he spent $1 million every day?

According to Forbes’ real-time billionaire list, the tech billionaire's current net worth is around $263.9 billion, and he’s on track to become the world’s first trillionaire by 2027. So, it would definitely be a long period of time.

Surprisingly, if Musk spent $1 million every single day, taking no breaks he would last an astonishing 610 years.

This is over 120 years more than Jeff Bezos would last, given that his net worth is currently $177 billion. It would take 484.9 years for the Amazon CEO to go broke.

It's also worth mentioning that Musk has a lot of his money tied up in investments, so while he could spend $1 million a day, he might actually have it last even longer since his assets would still be passively earning him money.

NurPhoto / Contributor / Getty
NurPhoto / Contributor / Getty

I'm not sure how most people would spend one million dollars every day, but maybe we could learn a thing or two from Universal Pictures' Brewster's Millions.

People have been flooding the comments of the post by thetrillionairelife on Instagram, amazed by Musk's wealth.

"This guy is loaded... holy," one Instagram user exclaimed.

"He's spending a lot more than that on a daily basis," another commented.

"His one second salary can fix my whole problem," wrote another.

Others took a more humorous approach saying: "Elon, can you please spot me a few?" and "Can i have some of that sir".

An Instagram user boldly added: "If he gives $1m to every single human, he will go broke".

Choose your content:

2 days ago
  • Bloomberg / Contributor / Getty
    2 days ago

    Samsung users just days away from major update but only these certain devices qualify

    Check to see if your phone is eligible for the update

    News
  • Anadolu / Contributor / Getty
    2 days ago

    Hantavirus vaccine in the works following ‘level 3’ warning from US

    Scientists are already working on a vaccine following the cruise ship outbreak

    Science
  • Andrew Matthews - Pool/Getty Images
    2 days ago

    David Attenborough honored for 100th birthday with new species named after him

    A concert will be held this evening at the Royal Albert Hall in London to mark the birthday

    News
  • Disney
    2 days ago

    White House brands Mark Hamill a 'sick individual' following AI image of Trump in grave

    The actor behind Luke Skywalker has always made his feelings on President Trump clear

    News
  • Elon Musk set for huge payday if he manages to pull off one mission that would change the world
  • How Elon Musk increased his net worth by $168 billion in a day as he becomes first person ever worth $600 billion
  • Texas Gov. urged to release 'intimate' and 'embarrassing' emails with billionaire Elon Musk
  • How soon Elon Musk would run out of money if he spent $1,000,000 of his fortune a day