{"id":28619,"date":"2025-12-21T16:11:44","date_gmt":"2025-12-21T16:11:44","guid":{"rendered":"https:\/\/nanamedia.org\/en\/2025\/12\/21\/elon-musk-is-on-the-verge-of-becoming-the-first-ever-trillionaire-as-he-marks-a-major-milestone-us-news\/"},"modified":"2025-12-21T16:11:45","modified_gmt":"2025-12-21T16:11:45","slug":"elon-musk-is-on-the-verge-of-becoming-the-first-ever-trillionaire-as-he-marks-a-major-milestone-us-news","status":"publish","type":"post","link":"https:\/\/nanamedia.org\/en\/2025\/12\/21\/elon-musk-is-on-the-verge-of-becoming-the-first-ever-trillionaire-as-he-marks-a-major-milestone-us-news\/","title":{"rendered":"Elon Musk is on the verge of becoming the first ever trillionaire as he marks a major milestone | US News"},"content":{"rendered":"<h2>Elon Musk&#8217;s Net Worth<\/h2>\n<p>Elon Musk has moved even closer to becoming the first trillionaire ever after a court reinstated his billion-dollar Tesla stock options. According to Forbes&#8217; billionaire index, the chief executive&#8217;s net worth rose to $749 billion on Friday, making Musk the first person to surpass the $700 billion mark.<\/p>\n<h2>Current Status<\/h2>\n<p>He is already the richest man in the world and about $500 billion richer than the second richest, Google co-founder Larry Page, the index said. This follows the Delaware Supreme Court&#8217;s decision to reinstate its 2018 Tesla stock options worth $139 billion, which were revoked last year.<\/p>\n<h2>Background<\/h2>\n<p>This year, Musk was awarded a pay package with shares worth $56bn, but this was thrown out by a lower court in 2024 because the compensation was &quot;unimaginable&quot;. Delaware Judge Kathaleen McCormick concluded after a five-day trial that Tesla directors were conflicted and key facts were hidden from shareholders when they voted to approve the plan.<\/p>\n<h2>Court Decision<\/h2>\n<p>On Friday, the state Supreme Court ruled that the removal of the pay package left the Tesla boss &quot;uncompensated for his time and efforts over a six-year period&quot; and that Ms. McCormick&#8217;s sentence was unreasonable and unfair. Musk has not made a formal statement about restoring his options, but said in a response on his social media platform X that he was &quot;confirmed.&quot;<\/p>\n<h2>Stock Options<\/h2>\n<p>If Musk exercises all of the stock options in the 2018 package, his stake in Tesla would grow from about 12.4% to 18.1% of an expanded stock base. It was Tesla&#8217;s largest compensation package ever until the electric vehicle maker awarded Musk a compensation plan worth up to $1 trillion in November.<\/p>\n<h2>New Compensation Plan<\/h2>\n<p>The new plan was approved by 75% of shareholders, but to achieve the full payout Mr. Musk must achieve five milestones over the next decade:<\/p>\n<ul>\n<li>Deliver 20 million Tesla vehicles and one million robots<\/li>\n<li>Drive 10 million subscriptions to Tesla&#8217;s self-driving feature<\/li>\n<li>Put one million self-driving robotaxis into operation<\/li>\n<li>Achieve core profits of up to $400 billion<\/li>\n<li>Increase Tesla&#8217;s market value to $8.5 trillion<\/li>\n<\/ul>\n<h2>Potential Payout<\/h2>\n<p>According to the agreement, Musk will not receive a salary, but if he meets all goals, he would receive more than 400 million additional shares of Tesla. If the company value reaches the target, it would be worth around $1 trillion. At the time of writing, Tesla is worth $1.51 trillion.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Elon Musk&#8217;s Net Worth Elon Musk has moved even closer to becoming the first trillionaire ever after a court reinstated his billion-dollar Tesla stock options. According to Forbes&#8217; billionaire index, the chief executive&#8217;s net worth rose to $749 billion on Friday, making Musk the first person to surpass the $700 billion mark. Current Status He<\/p>\n","protected":false},"author":1,"featured_media":28620,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36],"tags":[8976,9992,3172,1356,762,5584,3383,20947,20946,13725,6956,8185,20948,5973,20945,18093],"class_list":{"0":"post-28619","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-8976","9":"tag-delaware","10":"tag-electric-vehicle","11":"tag-elon-musk","12":"tag-equity-finance","13":"tag-forbes","14":"tag-google","15":"tag-kathaleen-mccormick","16":"tag-larry-page","17":"tag-net-worth","18":"tag-option-finance","19":"tag-s85-berlin","20":"tag-state-supreme-court","21":"tag-tesla-inc","22":"tag-the-verge","23":"tag-trillionaire-future-song"},"_links":{"self":[{"href":"https:\/\/nanamedia.org\/en\/wp-json\/wp\/v2\/posts\/28619","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nanamedia.org\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nanamedia.org\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nanamedia.org\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nanamedia.org\/en\/wp-json\/wp\/v2\/comments?post=28619"}],"version-history":[{"count":1,"href":"https:\/\/nanamedia.org\/en\/wp-json\/wp\/v2\/posts\/28619\/revisions"}],"predecessor-version":[{"id":28621,"href":"https:\/\/nanamedia.org\/en\/wp-json\/wp\/v2\/posts\/28619\/revisions\/28621"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nanamedia.org\/en\/wp-json\/wp\/v2\/media\/28620"}],"wp:attachment":[{"href":"https:\/\/nanamedia.org\/en\/wp-json\/wp\/v2\/media?parent=28619"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nanamedia.org\/en\/wp-json\/wp\/v2\/categories?post=28619"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nanamedia.org\/en\/wp-json\/wp\/v2\/tags?post=28619"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}