A single verdict, a hundred billion returns: Musk becomes the world's first $700 billion billionaire.

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On Friday, Musk's personal net worth soared to$749 billion, making him the first individual in human history to surpass a net worth of$700 billion. This milestone wealth increase stemmed from a ruling by the Delaware Supreme Court, which reinstated the previously canceled Tesla stock options worth$139 billion.

According to Reuters, the Delaware Supreme Court ruled on Friday to reinstate Musk's compensation plan granted in2018. The compensation plan was initially valued at$56 billion and two years ago was rejected by a lower court on grounds of being"unreasonable".

The Supreme Court stated in the ruling that the decision to revoke the compensation plan in2024 was inappropriate and unfair forMusk. The ruling causedMusk's net worth to surge by$139 billion in a single day.

According to the Forbes Billionaires List, Musk's wealth now exceeds the world's second richest person, Google co-founderLarry Page by nearly$500 billion, further solidifying his position as the world's richest person.

The Compensation Plan's Ups and Downs

Musk's 2018 compensation plan has gone through turbulent judicial scrutiny since its creation. The plan was declared invalid two years ago by a Delaware lower court, which argued that the compensation was excessively large and procedurally problematic.

The latest ruling by the Delaware Supreme Court overturned the lower court's decision. As Tesla's stock price has risen, the value of the compensation plan has grown from its original $56 billion to $139 billion.

The Richest Man's Rapid Wealth Accumulation

Earlier this week, Musk became the first person in history to surpass a net worth of$600 billion. This breakthrough was driven by reports that his space startupSpaceX might go public.

In November this year, Tesla shareholders separately approved a compensation plan worth$1 trillion, the largest corporate compensation plan ever. Investors used this to express their recognition ofMusk's vision of turning the electric car manufacturer into a giant in artificial intelligence and robotics.

The Wealth Gap Continues to Widen

According to Forbes, Musk now has a gap of nearly$500 billion with the second-richest man, breaking the record for the largest wealth gap on the global rich list. This gap is roughly equivalent to the annualGDP of a medium-sized developed country.

Musk's wealth comes mainly from his holdings in Tesla andSpaceX, with Tesla's strong stock performance this year being the main driver of his net worth's rapid growth.

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