Elon Musk's Net Worth Crosses $700 Billion, a Global First, After Court Upholds Pay Package

Elon Musk has become the first person in history to be worth over $700 billion, according to a report from Reuters. The Tesla CEO’s net worth surged after a Delaware court delivered a favorable ruling, finally upholding his controversial and massive compensation package.

The decision resolves a major legal overhang for both Musk and Tesla (TSLA). The pay plan, first approved by shareholders in 2018, faced legal challenges over its unprecedented size and claims of unjust enrichment. However, the court's validation of the shareholder vote now unlocks a significant tranche of stock options for Musk, directly catapulting his wealth into a new stratosphere.

For investors, the ruling removes a key uncertainty that has shadowed the company for years. With his leadership and compensation structure now legally secured, Musk is positioned to focus entirely on Tesla's ambitious roadmap. "We are pleased that the court has respected the will of our shareholders," the company noted in a statement.