Compensation plan ruling lands, Musk becomes the world's first person with a net worth exceeding $700 billion.

According to the Forbes billionaire index, after the Delaware Supreme Court reinstated the $139 billion Tesla stock options last year, Tesla CEO Elon Musk's net worth surged to $749 billion last Friday evening. Musk's 2018 compensation package was worth $56 billion, which was deemed "excessive" and rejected by a lower court two years ago, but the Delaware Supreme Court announced this Friday that the plan will be reinstated. The Supreme Court stated that the decision to revoke this compensation plan in 2024 was improper and unfair to Musk. Earlier this week, there were reports that his space exploration startup SpaceX may soon go public, and Musk's net worth surpassed $600 billion, making him the first billionaire in the world to achieve this.