Elon Musk approaches status of first trillionaire

Elon Musk’s net worth has surged to $749 billion after the Delaware Supreme Court reinstated his Tesla stock options worth $139 billion, which had been rescinded last year. This decision positions Musk closer to becoming the world’s first trillionaire, as he is already $500 billion richer than the second-richest, Larry Page. The reinstatement follows findings that Tesla’s directors were conflicted during the approval of Musk’s pay package. Musk’s new compensation plan could yield him up to $1 trillion if he meets certain ambitious milestones within the next decade.

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