Elon Musk became the first person in history to surpass $700 billion in wealth after the Delaware Supreme Court reinstated his voided Tesla stock options.
It is noted that in January 2024, the Delaware Court of Chancery ruled that the process by which Musk was granted options in 2018 was unfair to Tesla shareholders. The options, now valued at $139 billion, were voided, reducing Musk’s estimated wealth.
Four days after his wealth reached $600 billion, the Supreme Court overturned the lower court’s decision.
Forbes estimated Musk’s wealth at a record $749 billion.
After the Supreme Court’s decision, Tesla once again became Elon Musk’s most valuable asset. In addition to stock options, he also owns 12% of the electric car maker’s common stock worth $199 billion, bringing his total holdings in Tesla to $338 billion.
Musk’s second-most valuable asset is his 42% stake in SpaceX, which is currently valued at $336 billion.