Reference News, December 21 report. According to Reuters, December 20 report, the Forbes Billionaires List shows that the Delaware Supreme Court overturned a lower court's ruling that had declared Elon Musk's $139 billion in Tesla stock options invalid. After that, Musk's net worth surged to $749 billion late on the 19th.
The report said that on December 19, the Delaware Supreme Court reinstated Musk's 2018 compensation plan, which was worth $56 billion. Two years ago, a lower court had rejected it, citing it as "too high to be understood."
The top court stated that the decision to reject the compensation plan in 2024 was inappropriate and unfair to Musk.
Earlier this week, Musk became the first person in history with a net worth exceeding $600 billion, following reports that his aerospace startup SpaceX is likely to go public.
In November of this year, Tesla shareholders approved another $1 trillion compensation plan for Musk, the largest corporate compensation plan in history, as investors supported his vision to transform the electric vehicle manufacturer into an artificial intelligence and robotics giant.
According to the Forbes Billionaires List, Musk's current wealth exceeds that of Google co-founder Larry Page, the second richest person in the world, by nearly $50 billion. (Translated by Xu Yanhong)
Original: toutiao.com/article/7586282493066756642/
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