Elon Musk has become the first person globally to hold a net worth exceeding 700 billion USD, following the court's reinstatement of his substantial stock-based compensation package from Tesla.

Tesla's compensation package awarded to Elon Musk in 2018, invalidated by a court almost two years ago, has been reinstated on 19/12/2024.

On 15/12, Forbes magazine reported that Elon Musk's net worth increased by 168 billion USD in a single trading session, reaching 677 billion USD.

Billionaire Musk says if given the choice again, he would not join the Government Performance Board (DOGE) but would instead focus on running his companies.

Elon Musk criticizes the EU over its decision to fine social media platform X 140 million USD, stating that the "bureaucratic monster" should be "dissolved".

An upcoming share sale could value aerospace company SpaceX at 800 billion USD, allowing it to reclaim its position as the most valuable private enterprise in the US.