April 23, 2015
Elon Musk’s salary might surprise you.
The Tesla CEO makes minimum wage, pulling in just $35,360 — the standard minimum in California — last year, according to a regulatory filing seen by CNN.
As CNN points out, Musk’s salary would not even come close to paying for one of his own company’s electric vehicles.
Musk, a billionaire, refuses his minimum wage salary each year, the filing revealed. It also indicated he did not receive any cash from stock or bonuses in 2014.
The 43-year-old, who has a net worth of about $27.6 billion, owns 35.3 million Tesla shares, which comes to about $7.8 billion.
Musk is also the CEO and chief technology officer of SpaceX, a company that designs and manufactures space launch vehicles, which, of course, is a major source of income.
He is also the chairman of SolarCity and has a 21 percent stake in the firm.