Elon Musk’s net worth has surged to nearly $750 billion after a key US court ruling restored part of his Tesla compensation package. The decision puts him closer to becoming the world’s first trillionaire.
The Delaware Supreme Court overturned a previous ruling that had invalidated Musk’s 2018 pay package, which was tied to ambitious Tesla performance targets. The package grants Musk stock options that, with Tesla’s current share price, are valued at approximately $139 billion. The court said that completely voiding the package would be unfair, given Musk’s six years of work to achieve the targets.
Musk’s wealth comes mainly from his Tesla holdings, including his roughly 12% stake in the company, and stakes in ventures such as SpaceX. With the restored stock options, his estimated fortune on the Forbes Billionaires Index now stands around $749 billion.
The ruling also strengthens Musk’s position in the global wealth rankings. He now far exceeds the net worth of the next richest individuals, including Google co-founder Larry Page. Tesla remains central to his fortune, and the restored options add a significant boost to his overall wealth.
Earlier, Tesla shareholders approved a separate long-term performance-based pay plan for Musk, potentially worth up to $1 trillion. Achieving its full value could push his wealth even closer to the trillion-dollar mark.
This legal victory ensures Musk receives the compensation he earned for Tesla’s growth and reinforces his influence over the company and markets. Analysts say the restored options highlight the importance of executive performance packages in large corporations and how legal challenges can affect personal and market wealth.
The court’s decision underscores the intersection of corporate governance, executive compensation, and shareholder interests, with Musk’s fortune reflecting both Tesla’s success and the growing scale of executive pay in global business.
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