The fortune of American businessman Elon Musk has grown to a record-breaking USD 749 billion after the Delaware Supreme Court overturned a lower court's previous ruling to void Tesla's stock options, Forbes reports.
The court ruled that the cancellation of Tesla stock options granted to Musk in 2018 and currently valued at approximately USD 139 billion was unlawful. After that, Forbes removed the 50 percent discount that had been applied to these assets since January 2024, which automatically increased the businessman's wealth estimate by almost USD 70 billion.
Thus, Musk became the first person in history whose fortune exceeded USD 700 billion. Just four days ago, he first surpassed the USD 600 billion mark.
Tesla is now Musk's largest asset again. He owns about 12% of the company's common stock worth USD 199 billion, and with options, the total value of his stake in the automaker is about USD 338 billion. Separately, Tesla approved a new compensation package in November that could earn Musk up to USD 1 trillion in stock if meets ambitious targets.
The businessman's second-most valuable asset remains SpaceX. His stake in the rocket company is valued at USD 336 billion after a recent private deal that valued SpaceX at USD 800 billion. According to media reports, SpaceX could go IPO in 2026 with a valuation of up to USD 1.5 trillion, which could theoretically make Musk the world's first trillionaire.
For comparison, Google co-founder Larry Page is the second-richest person on the list with a fortune of about USD 253 billion, almost half a trillion less than Musk.
Earlier, South African businessman Errol Musk, father of American billionaire Elon Musk, said that he was considering becoming a russian citizen.
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