🚀 #ElonMusk becomes first person worth $700 billion after Tesla pay deal ruling 🎰
Elon Musk has rewritten wealth history. The Tesla and SpaceX chief has become the first individual ever to cross a $700 billion net worth, after the Delaware Supreme Court reinstated his massive Tesla pay package.
According to Forbes, Musk’s fortune surged to $749 billion late Friday after the court restored $139 billion worth of Tesla stock options that had been struck down last year. The top court ruled that the earlier decision to cancel Musk’s 2018 compensation plan was improper and inequitable.
Originally valued at $56 billion, the 2018 pay deal was once labelled “unfathomable” by a lower court. Its revival now marks one of the biggest legal reversals in corporate compensation history.
📈 Momentum Beyond Tesla
Earlier this week, Musk had already crossed $600 billion, fueled by reports that SpaceX may go public. Adding to the rally, Tesla shareholders approved a separate $1 trillion pay framework in November, backing Musk’s vision of transforming Tesla into an AI and robotics powerhouse.
🏆 Wealth Gap Widens
Musk now leads the global rich list by an unprecedented margin, with a fortune nearly $500 billion larger than Google co-founder Larry Page, the world’s second-richest individual.
From electric vehicles to rockets and artificial intelligence, Musk’s empire — and wealth — continues to scale at a pace never seen before in modern business history.
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