Elon Musk has made history by becoming the first person ever to surpass a $700 billion net worth, following a significant ruling by the Delaware Supreme Court that reinstated a long-contested Tesla compensation package.
### Tesla Pay Package Restored
Musk’s fortune soared after the Delaware Supreme Court restored his controversial 2018 Tesla pay package, which had been voided by a lower court in 2024. Originally valued at $56 billion, the package was deemed “unfathomable” by the lower court but was ruled as valid and equitable by the state’s highest court. The ruling clears the way for Musk to keep the compensation, which played a major role in boosting his net worth.
### A Historic Milestone
According to the Forbes Billionaires Index, Musk’s wealth peaked at $749 billion late last Friday, following the reinstatement of stock options worth $139 billion, a decision that reversed a ruling made last year.
### Tesla and SpaceX Drive Wealth Surge
Musk’s wealth has been largely driven by the momentum of both Tesla and SpaceX. Earlier this week, his net worth surpassed $600 billion, fueled in part by speculation that SpaceX might soon go public. In November, Tesla shareholders also approved a record-breaking $1 trillion future pay package for Musk, further cementing his position as the world’s wealthiest individual.
### Dominating the Billionaire Rankings
Musk’s fortune now dwarfs that of Google co-founder Larry Page by nearly $500 billion. With this surge, Musk solidifies his status as the world’s richest person and a dominant figure in both the tech and space industries.
Source: Gistreel.com
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