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Musk became the first person in history to be worth more than $700 billion after the Delaware Supreme Court reinstated Tesla's huge stock option pool.which had previously been invalidated by a lower court.
Reinstalled stock options, today trading at close USD 139 billionwere part of a 2018 pay package that was still controversial and went through a long legal process.
Read: Elon Musk is investing right next to Poland
The judicial thaw and “incomprehensible” decisions
Originally, the lower court described the package as “unimaginable” and unfavorable to shareholders. However, the Delaware Supreme Court found that there was an annulment inappropriate and unfair.
Thanks to this decision, the final valuation of Musk's assets amounted to approximately USD 749 billionwhich gives him a huge advantage over the next richest people in the world.
Read also: Elon Musk is supposed to support Republicans. Relations with Trump in the background
Tesla's trillion plan
As Reuters reminds, this is not the only source of his fortune's growth. In November, Tesla shareholders accepted a record-setting compensation plan worth up to $1 trillionwhich is related to the company's ambitions to expand in the areas of artificial intelligence and robotics.
As Reuters notes, the court success and the jump in the value of Musk's fortune shed light on the debate about the remuneration of top managers, the role of courts in corporate disputes and the impact of court decisions on financial markets and investors.
At the same time, Musk's advantage over the second richest man in the world is growing and now reaches hundreds of billions of dollars. Larry Page from Google, second on the list of the richest people in the world, according to Forbes, has “only” $250 billion, which is almost three times less than the head of Tesla.
