Tesla CEO Elon Musk has become the world’s richest individual, with a net worth of US$749 billion, after the Delaware Supreme Court reinstated $139 billion in stock options that were voided last year, according to Forbes’ billionaires index.
Musk’s original 2018 pay package, initially valued at $56 billion, was previously struck down by a lower court, which labelled it “unfathomable.” On Friday, the Supreme Court described the ruling as “improper and inequitable,” restoring the package and pushing his fortune past the $700 billion mark, nearly $500 billion more than Google co-founder Larry Page, the world’s second-richest person.
Earlier this week, Musk became the first person ever to surpass $600 billion in net worth, aided by reports that his aerospace venture SpaceX may soon go public. In November, Tesla shareholders also approved a separate $1 trillion pay plan, the largest corporate compensation package in history, reflecting investor confidence in Musk’s vision to transform Tesla into a leader in electric vehicles, artificial intelligence, and robotics.
How Musk Built His Empire
Musk’s journey from a tech entrepreneur to the world’s richest person offers some valuable lessons:
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Russian troops in Ukraine have lost access to Starlink internet terminals after Kyiv and SpaceX moved to block unauthorised Russian use, a disruption Ukrainian officials described as a major blow to Moscow’s battlefield operations.
Tech billionaire Elon Musk said the search at his social media platform X offices in Paris on Tuesday by French authorities was a "political attack".
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Leaders of Iran, Israel, and the United States reiterated their determination to press on with the conflict on Friday (13 March), as the Middle East war approached two weeks, leaving thousands dead and millions affected, tensions in the region escalated further with a deadly attack in Iraq.
“Get ready for oil to be $200 a barrel," a spokesman for the Iranian Army warned the world on Wednesday (11 March), as attacks on ships in the Strait of Hormuz escalated. Meanwhile, 32 countries agreed to the largest ever release of oil reserves in an attempt to reduce prices.
Norwegian police apprehended three brothers suspected of carrying out Sunday's (8 March) bombing at the U.S. embassy in Oslo, in an attack investigators have branded an act of terrorism.
Britain has deployed the Royal Navy destroyer HMS Dragon to the eastern Mediterranean to strengthen protection for its military assets in the Middle East after a drone strike targeted a key UK air base in Cyprus earlier this month.
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A 35-year-old woman was charged with attempted murder on Tuesday (10 March) after allegedly firing a semi-automatic rifle at the Los Angeles home of pop star Rihanna on Sunday, prosecutors said.
Hindu devotees in the northern town of Barsana in Uttar Pradesh celebrated ‘Laddoo Holi’ on Tuesday (24 February), a traditional pre-Holi ritual honouring the Hindu deity Krishna.
Robert Carradine, best known for his roles in The Long Riders, Revenge of the Nerds and the television series Lizzie McGuire, has died at the age of 71 following a years-long battle with mental illness.
A seven-month-old Japanese macaque has drawn international attention after forming an unusual bond with a stuffed orangutan toy after being rejected by its mother.
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