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> According to the employment website indeed.com, the average salary at Tesla ranges from approximately US$38k to US$147k. Not bad money really, but it means th
by slivym 8y ago
> According to the employment website indeed.com, the average salary at Tesla ranges from approximately US$38k to US$147k. Not bad money really, but it means that even a top earner at Tesla would take 133,000 years to amass Musk’s fortune. So, either what he does is 133,000 times more important than what they do, or this is a massive confidence trick.
What someone EARNS is not the same thing as what they are WORTH. Elon Musk doesn't EARN 20Bn a year. He is WORTH 20Bn. Is it fair that he's worth 133,000 times what someone earns in a year? Probably not. Is it relevant to compare what Elon Musk is worth - primarily due to his work at Zip2, X.com and primarily denominated in Tesla stock which is highly variable, to the day to day pay of someone collecting a pay check from Tesla?
What is really bizarre about this article is it's totally economically illiterate. The reason Elon Musk is worth billions is because he owns a significant proportion of Tesla stock and Tesla stock is worth Billions. If you want to make a coherent point about that it's about how the value of assets have sky rocketed whilst the value of incomes have stayed flat.
Let me give you a concrete example:
Jeff Bezos runs Amazon, the second most valuable publicly traded company in the world. Jeff Bezos is worth $164.7 billion and according to Forbes is the richest man on earth.
Tim Cook runs Apple, the most valuable traded company in the world. Tim Cook is worth $750m.
The difference between these two people is that one of them had equity in the company from the start, and the other is paid a salary. They are both leaders.