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Tesla TSLA.O CEO Elon Musk’s net worth surged to $749bn late Friday after the Delaware Supreme Court reinstated Tesla stock options worth $139bn that were voided last year, according to Forbes’ billionaires index.
Musk’s 2018 pay package, once worth $56bn, was restored by the Delaware Supreme Court on Friday, two years after a lower court struck down the compensation deal as “unfathomable.”
The Supreme Court said that a 2024 ruling that rescinded the pay package had been improper and inequitable to Musk.
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Earlier this week, Musk became the first person ever to surpass $600bn in net worth on the heels of reports that his aerospace startup SpaceX was likely to go public.
