Tesla CEO Elon Musk has become the richest person in the world, with a net worth of $749 billion. This surge comes after the Delaware Supreme Court reinstated Tesla stock options worth $139 billion that were canceled last year, according to Forbes’ billionaires index.
The stock options were part of Musk’s 2018 pay package, initially valued at $56 billion. A lower court had voided the package, calling it “unfathomable.” However, the Supreme Court ruled that the 2024 decision to rescind the pay package was improper and unfair to Musk.
Earlier this week, Elon Musk made history by becoming the first person ever to surpass a $600 billion net worth. This followed reports that his aerospace company, SpaceX, might go public soon.
In November, Tesla shareholders approved a separate $1 trillion pay plan for Musk, marking the largest corporate compensation package in history. Investors backed the plan as they supported Musk’s vision to transform Tesla into a leader in AI and robotics.
Musk’s fortune now exceeds that of Google co-founder Larry Page, the world’s second-richest person, by nearly $500 billion. Analysts say this cements Musk’s position as the most valuable entrepreneur globally.
Despite controversies around the size of his pay packages, Musk’s wealth reflects his continued influence across technology, space exploration, and electric vehicles. With SpaceX’s potential IPO and Tesla’s ongoing growth, his net worth could increase even further in the coming years.
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Elon Musk remains at the center of global business news, showing how innovation, risk-taking, and strategic leadership can create unprecedented financial success.
