Elon Musk’s net worth surged to an unprecedented $749 billion late Friday following a landmark ruling by the Delaware Supreme Court, which reinstated Tesla stock options worth $139 billion that had been voided last year. The decision marks a major turning point for the Tesla CEO, reinforcing investor confidence and cementing Musk’s position as the wealthiest individual in history, according to the Forbes Billionaires Index.
Delaware Supreme Court Reinstates Elon Musk’s Pay Package
The Delaware Supreme Court ruled that a 2024 decision striking down Musk’s 2018 compensation package was improper and inequitable. The pay deal, initially valued at $56 billion, had been described by a lower court as “unfathomable.”
The ruling effectively restored Musk’s historic compensation, significantly boosting his personal fortune and Tesla’s long-term leadership stability.
Step-by-Step: How Elon Musk’s Net Worth Reached $749 Billion
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Reinstatement of Tesla Stock Options
The court restored Tesla stock options valued at $139 billion, immediately increasing Musk’s net worth. -
Revival of the 2018 Pay Package
The once-voided compensation deal was reinstated two years after being struck down. -
SpaceX IPO Speculation
Reports that SpaceX may go public pushed Musk past the $600 billion net worth mark earlier this week. -
Shareholder Approval of New Pay Plan
In November, Tesla shareholders approved a $1 trillion compensation plan, the largest corporate pay package in history.
Quotes and Official Remarks
The Delaware Supreme Court stated that the prior ruling rescinding Musk’s compensation was “improper and inequitable”, paving the way for the restoration of the pay package.
According to Forbes, Musk’s net worth now exceeds that of Google co-founder Larry Page—the world’s second-richest person—by nearly $500 billion.
Tesla’s AI and Robotics Vision Boosts Investor Confidence
Investors have endorsed Musk’s ambitious strategy to transform Tesla from an electric vehicle manufacturer into an AI and robotics powerhouse. This vision was a major factor behind shareholder approval of the record-breaking pay plan.
Tesla’s long-term focus on:
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Artificial intelligence
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Robotics
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Autonomous technology
has strengthened confidence in Musk’s leadership and future growth prospects.
FAQs
What is Elon Musk’s current net worth?
Elon Musk’s net worth is estimated at $749 billion, according to Forbes.
Why was Musk’s pay package reinstated?
The Delaware Supreme Court ruled that the previous decision voiding it was improper and unfair.
How much was Musk’s Tesla pay package worth?
The 2018 pay package was originally valued at $56 billion, with restored stock options worth $139 billion.
What role did SpaceX play in Musk’s wealth surge?
Speculation around a potential SpaceX IPO helped push Musk’s net worth beyond $600 billion.
