Forbes' global billionaire list on 20/12 revealed Musk's assets surged to approximately 749 billion USD, after the Delaware Supreme Court, US, ruled to reinstate his Tesla stock options, a compensation package valued at about 139 billion USD.
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Elon Musk attended an investment forum in Washington in November. *AP*
This ruling overturned a lower court's decision last year, which had nullified Musk's 2018 compensation agreement, valued at 56 billion USD. The Delaware Supreme Court found the decision to revoke the compensation package to be inappropriate and unfair to the billionaire.
Earlier this week, Musk became the first person with a net worth exceeding 600 billion USD, driven by news that his aerospace company, SpaceX, might proceed with an initial public offering.
In November, Tesla's shareholder board also approved a separate compensation package for Musk, with a potential value of approximately 1 trillion USD. Investors supported this proposal as an endorsement of his vision to transform Tesla from an electric vehicle manufacturer into a company focused on artificial intelligence and robotics.
According to Forbes, Musk's wealth is now nearly 500 billion USD higher than that of the world's second-richest person, Larry Page, co-founder of Google. This reflects growing investor confidence in the long-term prospects of Tesla and SpaceX, as well as enthusiasm for artificial intelligence-related technologies.
*Vu Hoang (According to Reuters)*
