How does one put a price on the exceptional, driven work of a man like Tesla Motors CEO Elon Musk?
That was a bit of a trick question; it rather doesn’t matter, because Elon Musk isn’t in it for the money. At all. In fact, Auto Guide reports that even after a pay raise for 2015, Musk’s salary is only just enough to keep up with California state minimum wage law, at $37,440. Last year, his salary stood at $35,360.
If you don’t believe us, rest assured that this data is bona fide; it was obtained through the electric-carmaker’s annual proxy statement filing to the SEC. And it’s also worth noting that Elon Musk doesn’t actually accept his humble salary. It’s simply a legal requirement that one should be offered.
Of course, Tesla CEO Elon Musk isn’t exactly starving. According to AG, he received $78.1 million in 2012, and owns 28.3 million shares of the $6 billion Tesla Motors, Inc. That’s not even to mention the ungodly amount that Musk has amassed from past ventures like PayPal and Zip2, and a net worth in the billions.
Regardless, one doesn’t necessarily expect the level of humility and grace required to refuse payment for one’s work from a prodigious, compulsive entrepreneur like Elon Musk. It’s always hard to approximate the true value of someone’s efforts, but in Musk’s case, they are certainly worth at least that $37,440.