Audio By Carbonatix
Tesla 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The Supreme Court said that a 2024 ruling that rescinded Musk's pay package was improper and inequitable.
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.
In November, Tesla shareholders separately approved a $1 trillion pay plan for Musk, the largest corporate pay package in history, as investors endorsed his vision of morphing the EV maker into an AI and robotics juggernaut.
Musk's fortune now exceeds that of Google co-founder Larry Page, the world’s second-richest person, by nearly $500 billion, according to Forbes' billionaires list.
Latest Stories
-
Mahama calls for stronger climate finance, renewable energy investment for developing nations
48 seconds -
Nepal death toll crosses 1,000 as rescuers race to find workers trapped in mud-filled tunnels
55 seconds -
OAA 2002 Year Group supports 18 children in annual back-to-school drive
2 minutes -
KiDi releases third studio album ‘Where Do We Go From Here’
5 minutes -
Mahama Ayariga calls for major overhaul of Ghana’s waste management system
14 minutes -
IGP summons Volta Police Commander over alleged extortion, harassment of traders on Aflao–Accra route
14 minutes -
GPRTU to announce new transport fares this week after fuel price hike
15 minutes -
Government receives GH¢391m dividend from Perseus Mining
20 minutes -
I will decide when the time comes – Kurt Okraku on GFA presidential third-term bid
20 minutes -
Hold power-sector managers to strict KPIs instead of privatising ECG – Ing. Quaye-Larbi
20 minutes -
Anloga Junction traders protest alleged unlawful eviction for private development, Oforikrom assembly denies claims
20 minutes -
‘It’s tradition, not fetish’ – Twins Festival participant debunks misconceptions
22 minutes -
Ghana bought gold, sold gold and lost money in best market in 50 years – Amin Adam
32 minutes -
‘We demand answers, not insults’ – Amin Adam on GoldBod losses
32 minutes -
Police officer, 6 others injured in New Winneba shooting over land dispute
39 minutes