'It’s not a giant pile of cash': Elon Musk clarifies he does not make $142,680 a minute

Tech billionaire Elon Musk connected Sunday refuted reports that helium makes $142,690 each minute, oregon $8,560,800 an hour, saying helium is losing much wealth whenever Tesla banal nosedives.

Replying to a user, the X proprietor said specified reports trust connected "silly metrics."

"It's not a elephantine heap of cash. I truly conscionable ain banal successful the companies that I was instrumental successful creating," Musk posted.

He said that technically, helium "loses" mode much than "every clip Tesla banal randomly drops."

A study had claimed that Musk's nett worthy went up an mean of astir $2,378 per 2nd during a three-year period.

"That's $142,680 a minute, oregon $8,560,800 an hour. If helium went to furniture for 8 hours, he'd aftermath up the adjacent greeting to find himself $68,486,400 richer," the study had claimed.

The Tesla and SpaceX CEO witnessed a staggering summation of $96.6 cardinal successful his nett worthy from January to June 2023.

He is presently the world's richest antheral with $248.7 cardinal successful nett worth.

Musk presently has a 23 per cent involvement successful Tesla. A important information of his wealth, astir two-thirds, is tied to Tesla's success.

Musk made headlines successful October 2022 erstwhile helium purchased Twitter for $44 billion.

Earlier this year, the billionaire became the archetypal idiosyncratic to suffer $200 cardinal successful nett worthy successful a play of 13 months.

According to a Bloomberg report, Musk saw his wealthiness driblet to $137 cardinal pursuing a caller driblet successful Tesla shares. The shares of his electrical car institution went down astir 65 per cent. Musk saw his luck highest successful November 2021, hitting $340 billion, earlier a monolithic drop.

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