Tesla CEO Elon Musk just got a pay raise — and now, he’s on pace to out-earn all elementary school teachers in the U.S. combined, a new report reveals.
Tesla shareholders approved a $1 trillion pay package for Musk earlier this month. The raise marks the largest corporate pay package in history, according to Reuters. The 54-year-old is the world’s wealthiest person, with an estimated net worth of more than $466 billion as of Tuesday afternoon, according to Forbes.