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International Business Times
International Business Times
Business

Musk's $700bn Fortune Sets World Record After Tesla Pay Ruling

Tesla Inc. Elon Musk Delaware Supreme Court electric vehicle Delaware SpaceX Twitter Inc.

Elon Musk has become the first person in history to surpass a $700 billion (£592 billion) fortune after a Delaware court reinstated his massive Tesla compensation package.

According to Business Standard, the Tesla chief executive's net worth jumped to $749 billion following Thursday's Delaware Supreme Court decision. The ruling restored stock options valued at $139 billion (£110 billion) that had previously been stripped away by a lower court.

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