Elon Musk Surpasses $700 Billion Net Worth Milestone

Delaware Court Ruling Boosts Musk's Wealth

Elon Musk has become the world's first individual to achieve a net worth of over $700 billion, with his current wealth standing at $749 billion or approximately Rp 12.433 trillion ²

. This substantial increase is primarily attributed to the Delaware Court of Chancery's recent decision to reinstate Musk's $139 billion Tesla stock option package, which was previously nullified in 2024 ¹

Source 1

https://internasional.kontan.co.id/news/elon-musk-jadi-orang-pertama-di-dunia-yang-kekayaannya-tembus-us-700-miliar

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Historical Context and Legal Background

The Delaware court's original decision to cancel the $56 billion compensation package in 2018 was based on the argument that it was unreasonable ¹

. However, the recent ruling reversed this decision, significantly boosting Musk's net worth. Gene Munster, Managing Partner at Deepwater Asset Management and a Tesla investor, noted that this victory allows Musk to gain more control over Tesla more quickly ¹

Source 1

https://internasional.kontan.co.id/news/elon-musk-jadi-orang-pertama-di-dunia-yang-kekayaannya-tembus-us-700-miliar

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Impact on Global Wealth Rankings

Musk's new net worth not only represents a personal financial milestone but also surpasses that of other tech giants. His wealth now exceeds that of Google co-founder Larry Page, who is ranked second on the Forbes billionaire list with a net worth of $500 billion ²

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Market and Economic Significance

Musk's $749 billion net worth is equivalent to about half of Indonesia's gross domestic product (GDP), highlighting the scale of his wealth ¹

. This development has significant implications for both the tech industry and global financial markets.