Elon Musk’s net worth hits record $749B after legal win restores massive Tesla compensation
Crypto Briefing
Elon Musk's net worth reached $749 billion after the Delaware Supreme Court reinstated his 2018 Tesla compensation package.Summary
Elon Musk's net worth surged to $749 billion following a Delaware Supreme Court decision that overturned a lower court's ruling which had invalidated his 2018 Tesla compensation package. The restored pay package, which includes stock options tied to demanding performance milestones, is now valued around $139 billion. While the Supreme Court agreed the initial approval process had flaws, it deemed voiding the entire agreement an excessive remedy, noting Musk met all performance targets. This legal victory could also strengthen Musk's control over Tesla's strategic direction, further boosting investor confidence in his financial trajectory, with some now expecting him to become a trillionaire by 2029.
(Source：Crypto Briefing)