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| Elon Musk Becomes the First $700 Billion Individual After Historic Tesla Pay Ruling |
Elon Musk net worth reached an unprecedented level on Friday after a landmark court decision restored his long-disputed Tesla compensation package. According to Forbes’ billionaires index, Musk’s fortune surged to approximately $749 billion, making him the wealthiest individual in recorded history.
The increase followed a ruling by the Delaware Supreme Court, which reinstated Tesla stock options valued at $139 billion. The compensation package, originally approved in 2018, had been voided last year after a lower court described it as inequitable.
The Supreme Court stated that the 2024 decision to rescind the pay package was improper, concluding that the ruling unfairly penalized Musk. The restoration marked a significant legal victory for the Tesla chief executive.
Earlier in the same week, Musk became the first person to surpass $600 billion in personal wealth amid reports that his aerospace company, SpaceX, was preparing for a potential public offering. Investor optimism surrounding Musk’s technology ventures contributed to the sharp rise in his valuation.
In November, Tesla shareholders also approved a separate compensation framework valued at up to $1 trillion. The move reflected investor confidence in Musk’s long-term strategy to transform Tesla into a leader in artificial intelligence and robotics.
As a result of the ruling, Elon Musk net worth now exceeds that of Google co-founder Larry Page by nearly $500 billion, according to Forbes, further solidifying Musk’s position at the top of the global wealth rankings.
