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 had been voided last year, according to Forbes’ Billionaires Index.
Musk’s 2018 pay package, which was originally valued at $56 billion, was restored by the Supreme Court, nearly two years after a lower court struck down the compensation deal as “unfathomable.”
The Supreme Court ruled that a 2024 decision rescinding the pay package was improper and inequitable to Musk.
Earlier this week, Musk became the first person in history to surpass $600 billion in net worth, following reports that his aerospace company, SpaceX, was likely to go public.
In November, Tesla shareholders separately approved a $1 trillion pay plan for Musk—the largest corporate compensation package ever—backing his vision to transform the electric vehicle maker into a global leader in artificial intelligence and robotics.
According to Forbes, Musk’s fortune now exceeds that of Google co-founder Larry Page, the world’s second-richest person, by nearly $500 billion.
