Elon Musk becomes first person ever worth 700 billion USD

(VOVWORLD) - Tesla CEO Elon Musk's net worth surged to 749 billion USD late Friday after the Delaware Supreme Court reinstated Tesla stock options worth 139 billion USD that were voided last year, according to Forbes' billionaires index.

Musk's 2018 pay package, once worth 56 billion USD, was restored by the Delaware Supreme Court on Friday, two years after a lower court struck down the compensation deal as "unfathomable."

The Supreme Court said that a 2024 ruling that rescinded the pay package had been improper and inequitable to Musk.

The 2018 pay deal provided Musk options to acquire about 304 million Tesla shares at a deeply discounted price if the company hit various milestones, which it did.  

At the time, Tesla estimated the package’s potential value at around 56 billion USD. However, alongside the sharp rise in the company’s share price, the actual value of these stock options is now estimated to have reached 139 billion USD. 

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