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Which roughly equals 50 per day. Now compared to the 1200~ species extinct each day it seems far too few, but keep in mind that the number of species we find might be lower than the number of species created each day.
Believe it or not, there are about 950,000 species of insects. No one knows for sure how many species of animals exist on Earth. In fact, some 10,000 species of animals are discovered each year, with over one and a half million species already described. Projections for the total number of species on Earth range from 2 million to 50 million.