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It Takes Elon Musk Less Than 3 Minutes To Earn The Average Australian Salary

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It Takes Elon Musk Less Than 3 Minutes To Earn The Average Australian Salary

Elon Musk, founder of Tesla, chaotic Twitter presence, and richest person in the world, earns the average Australian salary in less than three minutes.

A real-time Musk wealth calculator shows just how much the billionaire earns every second and how that stacks up with other wealthy individuals.

The calculator also allows you to input a number to find out how long it takes Musk to earn that amount.

dpa picture alliance / Alamy Stock Photo
dpa picture alliance / Alamy Stock Photo
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ABS data released in August shows the average Australian earns $90,329 annually, which Musk earns in 2 minutes and 53 seconds. Ouch.

That means that in 174 seconds, or about the time it takes you to read this article, Elon Musk will have earned more than most Australians do in 365 days.

So what is he doing with this incomparable wealth?

A couple of weeks ago, executive director for the UN World Food Programme, David Beasley, made a passionate plea on Twitter for Musk and fellow billionaire Jeff Bezos to donate US$6.6B to 'avert famine in 2022'.

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The tweet came when Musk asked the UN for a clear plan on how his wealth could assist world hunger after a CNN interview last month in which Beasley asked billionaires to 'step up now, on a one-time basis'.

In response, Musk tweeted: 'If WFP can describe on this Twitter thread exactly how $6billion will solve world hunger, I will sell Tesla stock right now and do it.'

In a 1,000 word executive summary, Beasley showed how the UN could use the money to provide meals and vouchers that would feed more than 40 million people across 43 countries that are 'on the brink of famine'.

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As of yet, it doesn't appear Musk has responded to Beasley's tweets.

But he has been busy liquidating his assets, selling off property and 8.2 million Tesla shares over nine days, which were worth around $12.1 billion.

The sell-off began after a tweet earlier this month, where Musk asked the public if he should sell 10 per cent of his stock after being accused of tax avoidance.

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Almost 58% of the respondents to the poll voted 'yes'.

Whether Musk is cashing out to end world hunger, or he's just paying tax bills, he's still made almost $600,000 USD in the last half hour so it won't take long for him to recoup the money.

Featured Image Credit: dpa picture alliance / Alamy Stock Photo

Topics: elon musk, News, Australia

Hannah Blackiston
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