Delaware Supreme Court Overturns Ruling Increasing Elon Musk Net Worth to $749 Billion

Key facts

• Tesla CEO Elon Musk became the first person to cross the $700 billion mark, reaching a record net worth of $749 billion.
• The Delaware Supreme Court overturned a lower court ruling that had voided Tesla stock options worth $139 billion.
• Musk owns 12 per cent of Tesla common stock worth $199 billion, bringing his total Tesla holdings to $338 billion.
• Musk holds a 42 per cent stake in SpaceX, which is targeting an Initial Public Offering (IPO) in 2026 with a valuation of $1.5 trillion.
• Google co-founder Larry Page is the second-richest person in the world with an estimated net worth of $253 billion.
• Tesla awarded Musk a separate pay package in November that could provide up to $1 trillion in additional stock if performance milestones are met.