JAKARTA - US entrepreneur Elon Musk became the first person in history whose wealth exceeded 700 billion US dollars or around Rp12.53 quadrillion, according to a report by Forbes magazine.
Musk's wealth increased after the Delaware Supreme Court overturned a lower court ruling that had previously invalidated Musk's 2018 Tesla stock option package, which is now worth 139 billion US dollars.
Forbes estimates that after Musk successfully appealed the ruling, the entrepreneur's net worth reached a record $749 billion.
Previously, Forbes also named Musk as the first person with a net worth of more than 600 billion US dollars after SpaceX announced an internal stock offering that valued the company at 800 billion US dollars.
In March 2020, Musk's wealth was still estimated at 24.6 billion US dollars. Then, in January 2021, he became the richest person in the world, surpassing the 200 billion and 300 billion US dollar figures in the same year.
In 2024, Musk's wealth again broke through the $400 billion and $500 billion mark.
The only people besides Musk whose fortunes have ever reached the $300 billion and $400 billion mark are Larry Ellison, co-founder of Oracle.
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