Elon Musk becomes first person worth $700 billion following pay package ruling

[Polybius]

Source: Reuters

Dec 20 (Reuters) - Tesla (TSLA.O) CEO Elon Musk's net worth surged to $749 billion late Friday after the Delaware Supreme Court reinstated Tesla stock options worth $139 billion that were voided last year, according to Forbes' billionaires index.

Musk's 2018 pay package, once worth $56 billion, 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The Supreme Court said that a 2024 ruling that rescinded the pay package had been improper and inequitable to Musk.

Earlier this week, Musk became the first person ever to surpass $600 billion in net worth on the heels of reports that his aerospace startup SpaceX was likely to go public.

Read more: https://www.reuters.com/business/autos-transportation/elon-musk-becomes-first-person-worth-700-billion-after-court-ruling-pay-package-2025-12-20/

[Turbineguy]

1. The nice thing about having lots of money

is that you can do good things with it.

[struggle4progress]

2. World's richest man trying to destroy social safety nets

[Stargleamer]

3. We so need to have a maximum wage. . .

to lessen capitalism's damage and the rule of plutocrats

[Seinan Sensei]

6. YES !!!!!!!!!!

[RandySF]

4. He's still worthless.

[Polybius]

5. He could gave me a billion, and not even realize that it was missing

Crazy to think about.