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Tesla Chief Executive Officer Elon Musk has cemented his position as the wealthiest individual in modern history after his net worth surged to an estimated $749 billion, following a landmark ruling by the Delaware Supreme Court that reinstated his controversial Tesla stock options.
According to Forbes’ Billionaires Index, Musk’s wealth jumped late Friday after the court restored $139 billion worth of Tesla stock options that had been voided last year. The decision reverses a lower court ruling from 2024 which had struck down Musk’s 2018 compensation package, describing it at the time as “unfathomable” and excessively generous.
In its judgement, the Delaware Supreme Court ruled that the 2024 decision to rescind Musk’s pay package was improper and inequitable, effectively reopening the door for one of the largest executive compensation deals ever approved in corporate history.
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Musk’s 2018 performance-based pay deal, initially valued at $56 billion, has ballooned in value over time as Tesla’s share price and market capitalisation surged. The restored options alone are now worth approximately $139 billion, significantly boosting Musk’s already vast fortune.
The ruling comes just days after Musk became the first individual in history to surpass $600 billion in net worth, driven largely by reports that his aerospace company SpaceX is preparing for a potential initial public offering (IPO).
Speculation around a SpaceX listing has fuelled investor optimism, given the company’s dominance in commercial space launches, satellite internet through Starlink, and deep ties to U.S. government space contracts.
In November, Tesla shareholders overwhelmingly approved a $1 trillion compensation framework for Musk, the largest corporate pay plan ever, reinforcing investor confidence in his long-term vision.
Shareholders endorsed Musk’s ambition to transform Tesla from a traditional electric vehicle manufacturer into a global leader in artificial intelligence, robotics, autonomous driving, and energy systems.
Supporters argue that Musk’s compensation is justified by Tesla’s exponential growth under his leadership, while critics maintain that the scale of the pay package raises concerns about corporate governance and executive accountability.
With his fortune now standing at $749 billion, Musk’s wealth exceeds that of Google co-founder Larry Page, the world’s second-richest person, by nearly $500 billion, according to Forbes.
The staggering gap highlights both Musk’s unparalleled influence across multiple industries, including automotive, space, AI, energy, and social media, and the extraordinary concentration of wealth at the very top of the global economy.
The reinstatement of Musk’s pay package is likely to remain a defining moment in corporate law, executive compensation, and shareholder power.
It also reinforces Musk’s status not just as a business magnate, but as a figure reshaping how modern corporations reward performance at the highest level.
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