American billionaire Elon Musk, CEO of Tesla, has set an unprecedented global record after his net worth surged to approximately $749 billion, making him the first person in history to reach this level of wealth, according to Reuters.
This dramatic increase in Musk’s fortune came after a Delaware Supreme Court ruling that restored Tesla stock options worth around $139 billion, which had been canceled last year.
The court also reinstated Musk’s 2018 compensation package, valued at $56 billion, ruling that the previous decision to void it was “unsound and unfair” to Musk.
Just days earlier, Musk had already achieved another milestone by becoming the first individual whose wealth exceeded $600 billion, driven in part by reports suggesting a potential initial public offering (IPO) of SpaceX, his aerospace company—an expectation that significantly boosted his financial valuation.
In a related development, Tesla shareholders separately approved a new compensation plan for Musk in November, valued at an astonishing $1 trillion, the largest pay package in corporate history. The move reflected investor confidence in Musk’s vision of transforming Tesla from an electric car manufacturer into a major force in artificial intelligence and robotics.
According to Forbes rankings, Musk now leads Larry Page, Google’s co-founder and the world’s second-richest person, by nearly $500 billion, further cementing his position at the top of the global wealth list.
Widespread Reaction
Observers say these developments highlight the powerful impact of court rulings and financial markets on the fortunes of top business leaders—especially those heading major technology companies shaping the future of the global economy.
According to Al Jazeera Net, Musk’s record-breaking wealth sparked widespread reactions on social media, where users shared striking comparisons to illustrate the scale of his fortune.
One activist wrote:“If you earned one million dollars a day without ever stopping, it would still take you 2,052 years to reach Elon Musk’s $749 billion wealth.”
Another commented that Musk appears to be on track for an unprecedented achievement, saying:“He is on the path to becoming the world’s first trillionaire.”
In another reaction, a user named David argued that Musk’s wealth reflects his role in innovation, stating:“No one deserves it more—he is leading humanity toward the future.”