Elon Musk becomes the first person with a net worth of $700 billion

Elon Musk has made history, and now, in terms of wealth, no one is even close to him. After a decision by the Delaware Supreme Court, Elon Musk's net worth crossed $700 billion, making him the first person in the world to have such a net worth. Tesla CEO Elon Musk, who has held the title of the world's richest person, has experienced such a surge in wealth that he has made history. His net worth has crossed the $700 billion mark in a single stroke, making him the first person in the world to possess such immense wealth. This surge in Elon Musk's net worth came after the Delaware Supreme Court ruled in his favor regarding Tesla stock.

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Musk's Wealth Reaches $749 Billion

According to the Forbes Billionaires Index, Elon Musk's net worth has reached $749 billion. With this surge in wealth following the Delaware Supreme Court's decision, Elon Musk has made history by becoming the first person in the world to cross the $700 billion mark in net worth. The court's decision relates to Elon Musk's 2018 pay package, which a lower court had deemed unreasonable and canceled, but the Supreme Court overturned that decision. According to reports, Elon Musk's 2018 salary package was worth $56 billion, which the Delaware Supreme Court ordered to be reinstated last Friday. The Supreme Court stated in its ruling that the 2024 decision to cancel the pay package was unjust to Musk.

How Elon Musk Made History

Elon Musk has been experiencing a surge in wealth for the past few days. At the beginning of last week, when news broke that Musk's aerospace company SpaceX was preparing for an IPO and going public, his net worth suddenly jumped sharply, crossing the $600 billion mark for the first time. Following this, Tesla stakeholders approved a $1 trillion pay package for Musk. Following the Delaware Supreme Court's decision to reinstate his $139 billion Tesla stock options, Elon Musk's net worth rose to $749 billion late Friday night, according to the Forbes Billionaires Index. The world's second richest person is now far behind.

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Summary

Following this tremendous surge in Elon Musk's wealth, there is now no one even remotely close to him in terms of net worth. His immense wealth can be gauged from the fact that Musk has become approximately $500 billion richer than Larry Page, the co-founder of Google and the world's second wealthiest person.