Elon Musk Becomes First Person Worth $700 Billion After Tesla Pay Ruling

Elon Musk has become the first person in history to reach a net worth of over $700 billion, following a Delaware Supreme Court ruling that reinstated his massive Tesla compensation package.

The court restored Musk’s 2018 pay deal, originally valued at $56 billion, two years after a lower court struck it down as “unfathomable.” The Supreme Court ruled the earlier decision was improper and inequitable.

Earlier this week, Musk became the first person to surpass $600 billion after reports that SpaceX may go public. In November, Tesla shareholders approved a $1 trillion pay plan, the largest corporate compensation in history, supporting Musk’s vision of transforming Tesla into an AI and robotics leader.

Musk now surpasses Google co-founder Larry Page by nearly $500 billion, according to Forbes’ billionaires list, cementing his position as the world’s richest person.

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Elon Musk Becomes First Person Worth $700 Billion After Tesla Pay Ruling