JAKARTA - Tesla CEO Elon Musk has again made a new history in the global business world. He officially became the first person in the world to have a net worth exceeding US$ 700 billion.
Based on data from the Forbes billionaire index, quoted Sunday, December 21, Musk's wealth jumped drastically to reach US$ 749 billion by the end of the week.
This wealth surge came after the Delaware Supreme Court decided to restore Musk's Tesla stock option rights worth US$ 139 billion.
The 2018 compensation package, which was originally worth US$56 billion, was reinstated on Friday, December 19, two years after a lower court overturned it as "unfathomable".
In its latest ruling, the Supreme Court said the 2024 decision to rescind the pay package was an "unwarranted and unfair" action against Musk.
Musk's financial dominance is now increasingly out of reach. According to the Forbes list, Musk's current wealth is almost US$ 500 billion ahead of the world's second richest person, Google founder Larry Page.
The trend of Musk's wealth increase has been visible since the beginning of this week. He was previously the first person to break through the US$ 600 billion wealth figure, following reports that his space company, SpaceX, would likely go public (IPO) soon.
In addition, positive sentiment also came from Tesla investors. In November 2025, shareholders separately approved a payment plan worth US$1 trillion for Musk. This step is the largest corporate salary package in history, as well as a form of investor support for Musk's vision to transform the electric car manufacturer into an artificial intelligence (AI) and robotics giant.
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