"Tesla CEO Elon Musk's net worth surged to $749 billion late Friday after the Delaware Supreme Court reinstated Tesla stock options worth $139 billion that were voided last year, according to Forbes' billionaires index. Musk's 2018 pay package, once worth $56 billion, was restored by the Delaware Supreme Court on Friday, two years after a lower court struck down the compensation deal as "unfathomable.""
"Earlier this week, Musk became the first person ever to surpass $600 billion in net worth on the heels of reports that his aerospace startup SpaceX was likely to go public. In November, Tesla shareholders separately approved a $1 trillion pay plan for Musk, the largest corporate pay package in history, as investors endorsed his vision of morphing the EV maker into an AI and robotics juggernaut."
Delaware Supreme Court reinstated Elon Musk's 2018 Tesla stock options, restoring a compensation package previously voided by a lower court. The reinstated award included stock options valued at $139 billion and restored a package once estimated at $56 billion. The Supreme Court determined a 2024 ruling that rescinded the package had been improper and inequitable to Musk. Forbes' billionaires index reported Musk's net worth at $749 billion following the reinstatement. Earlier milestones included surpassing $600 billion amid SpaceX IPO reports and Tesla shareholders approving a separate $1 trillion pay plan endorsing Musk's vision for AI and robotics.
Read at Fast Company
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