New Delhi : Wealth is pouring in like never before for Elon Musk, who has now created history by becoming the first person in the world with a net worth exceeding $700 billion. According to reports cited by Reuters, the surge in Musk’s wealth comes after a major court decision reinstated his massive Tesla pay package, pushing his fortune to extraordinary new heights.
Following the ruling, Musk’s estimated net worth has climbed to around $749 billion, cementing his position as the world’s richest individual by a record margin.
Court Revives Tesla Pay Package
Last week, the Delaware Supreme Court reinstated Elon Musk’s 2018 Tesla compensation package, overturning a lower court decision that had earlier struck it down. The lower court had termed the deal “unfathomable” and canceled it in 2024.
The Supreme Court ruled that canceling the pay package was incorrect and unjustified, effectively restoring Musk’s stock options. These options are now valued at approximately $139 billion, a massive jump from their original valuation of $56 billion when the deal was first approved.
The ruling led to an overnight surge in Musk’s wealth and widened the gap between him and every other billionaire on the planet.
Largest Executive Pay Package Ever
In November, Tesla shareholders also approved a new pay plan worth nearly $1 trillion for Musk—by far the largest compensation package ever approved for a corporate executive. This move underlined strong investor confidence in Musk’s long-term vision for Tesla.
The plan reflects Tesla’s ambitions to evolve beyond electric vehicles and become a global leader in artificial intelligence, robotics, and next-generation technologies.
Musk’s Business Empire
Elon Musk’s soaring net worth is not tied to Tesla alone. He holds major stakes and leadership roles across multiple high-value companies:
- Tesla: Electric vehicles, energy storage, AI, and robotics
- SpaceX: Aerospace and space transportation company, known for reusable rockets and the Starlink satellite internet network
- Neuralink: Neurotechnology firm working on brain–computer interfaces
- The Boring Company: Infrastructure and tunnel construction venture
- X Corp.: Parent company of the social media platform formerly known as Twitter
- xAI: Artificial intelligence research company focused on advanced AI systems
Reports earlier this week also suggested that SpaceX may go public, which could further boost Musk’s already staggering wealth.
Far Ahead of the Rest
According to the Forbes rich list, Musk is now nearly $500 billion richer than his closest rival, Google co-founder Larry Page. Earlier this week, Musk had already crossed the $600 billion mark for the first time, and the latest court decision has accelerated his rise even further.
A New Chapter in Wealth History
Elon Musk’s ascent beyond the $700 billion mark marks a historic moment in global finance and corporate history. No individual has ever accumulated wealth at this scale before, underscoring Musk’s unmatched influence across technology, space, AI, and transportation.
As his companies continue to expand into future-focused industries, Musk’s record-breaking fortune may still have room to grow.