In an unprecedented financial milestone, Elon Musk has become the first individual in history to achieve a net worth exceeding $700 billion, reaching an estimated $749 billion following a landmark Delaware Supreme Court decision. The ruling reinstated Tesla stock options valued at approximately $139 billion that were previously invalidated.
The judicial reversal concerns Musk’s controversial 2018 compensation package, originally valued at $56 billion, which a lower court had previously nullified by describing it as ‘unfathomable.’ The Supreme Court determined that the 2024 ruling which rescinded this package was both improper and inequitable to the Tesla CEO.
This legal victory compounds an already remarkable period of wealth accumulation for Musk. Earlier in the same week, he surpassed the $600 billion net worth threshold, largely driven by speculation about a potential public offering for his aerospace venture, SpaceX. Furthermore, Tesla shareholders separately endorsed a monumental $1 trillion compensation plan in November—the largest corporate pay package in recorded history—signaling strong investor confidence in Musk’s strategic vision to transform the electric vehicle manufacturer into a dominant force in artificial intelligence and robotics.
According to the latest Forbes billionaires index, Musk’s revitalized fortune now surpasses that of Google co-founder Larry Page, currently ranked as the world’s second-richest person, by a staggering margin of nearly $500 billion, cementing an unparalleled financial lead in global wealth rankings.