WILMINGTON, DE – In a historic shift for global finance, Tesla CEO Elon Musk has become the first person to surpass a net worth of $700 billion. Following a decisive ruling by the Delaware Supreme Court, Musk’s total fortune reached an estimated $749 billion late Friday.
Thank you for reading this post, don't forget to subscribe!The Ruling: A $139 Billion Reversal
The surge in wealth stems from the reinstatement of Musk’s 2018 Tesla compensation package. This performance-based deal, which grants Musk stock options for hitting specific growth milestones, was previously voided by a lower court in early 2024.
The Delaware Supreme Court overturned that decision, labeling the total rescission of the pay plan as “improper and inequitable.” While the options were worth $56 billion when the plan was first conceived, Tesla’s meteoric stock growth has ballooned their current value to approximately $139 billion.
Breaking Down the Financial Milestone
Musk’s wealth has grown with unprecedented speed over the last week:
- Monday: Surpassed the $600 billion mark, driven by rumors of a SpaceX IPO.
- Friday: Reached $749 billion after the court victory.
- Current Standing: Musk now leads his closest rival, Google co-founder Larry Page, by nearly half a trillion dollars.
Future Growth: The Path to $1 Trillion
The court victory arrives just as Tesla shareholders look toward the next phase of the company’s evolution. In November, investors approved a new, even more ambitious compensation plan for Musk.
The “Trillion-Dollar” Plan: This new package could be worth up to $1 trillion if Musk successfully transforms Tesla into a global leader in Artificial Intelligence (AI) and robotics, moving the company beyond its core electric vehicle business.
A Diverse Portfolio
While Tesla remains the primary driver of Musk’s net worth, his financial footprint is bolstered by a massive portfolio of high-tech ventures:
- SpaceX: The aerospace giant currently fueling IPO speculation.
- xAI & X (formerly Twitter): His primary plays in social media and artificial intelligence.
- Neuralink & The Boring Company: Long-term bets on neurotechnology and infrastructure.
