Elon Musk has become the first person with a net worth above $700 billion after the Delaware Supreme Court reinstated Tesla stock options worth about $139 billion, boosting his fortune to roughly $749 billion. The ruling reverses a lower court decision and cements Musk’s standing amid Tesla’s AI and robotics ambitions.
Elon Musk’s net worth surged to about $749 billion late Friday after the Delaware Supreme Court restored stock options from his 2018 Tesla compensation package, now valued around $139 billion, making him the first individual to cross the $700 billion threshold, according to Forbes’ billionaires index.
The decision overturns last year’s ruling that had voided the deal—once described as “unfathomable”—and follows a week in which Musk also reportedly crossed the $600 billion mark, amid continued investor support for Tesla’s AI and robotics roadmap.
Major takeaways and notable updates
Historic milestone: Musk’s fortune rises to roughly $749 billion, first ever above $700 billion.
Court ruling: Delaware Supreme Court reinstates 2018 pay package; options now estimated at $139 billion.
Reversal of prior decision: Lower court’s rescission deemed improper and inequitable.
Market context: Investor enthusiasm linked to Tesla’s AI and robotics ambitions.
Global framing: Wealth record highlighted across major outlets tracking billionaire indices.
Conclusion
By reinstating Musk’s Tesla stock options, the Delaware Supreme Court catalyzed a record-setting leap in personal wealth, spotlighting how high-stakes governance, compensation design, and ambitious technology bets intersect in today’s markets.
Sources: Hindustan Times, Times Now, The Economic Times, Reuters via U.S. NewsU.S. News, CNA.