(Reuters) – Tesla CEO Elon Musk’s net worth increased to $749 billion late Friday after the Delaware Supreme Court reinstated Tesla stock options worth $139 billion that had been revoked last year, according to Forbes’ billionaires index.
Musk’s 2018 pay package, originally worth $56 billion, was reinstated by the Delaware Supreme Court on Friday, two years after a lower court ruled it “unfathomable.”
The Supreme Court said that rescinding Musk’s salary plan in 2024 was both unlawful and inequitable.
Musk became the first person in history to have a net worth of more than $600 billion earlier this week, after news that his aerospace business SpaceX might go public.
In November, Tesla shareholders approved Musk’s $1 trillion compensation proposal, the highest corporate pay package in history, as investors backed his aim of transforming the EV maker into an AI and robotics behemoth.
Musk’s fortune now surpasses that of Google co-founder Larry Page, the world’s second-richest person, by roughly $500 billion, according to Forbes’ billionaires list.