Elon Musk vaulted into uncharted financial territory on Dec. 19, becoming the first person in history to amass a net worth exceeding $700 billion after a Delaware court reinstated a massive Tesla compensation package that had been voided last year.
According to the Forbes billionaires index, Musk’s fortune surged to about $749 billion after the Delaware Supreme Court restored Tesla stock options now valued at roughly $139 billion. The ruling reversed a lower court decision that had struck down Musk’s 2018 pay package as unfair to shareholders.
Musk, the chief executive of Tesla, had already crossed another milestone earlier this week, when his net worth briefly surpassed $600 billion amid reports that his aerospace company SpaceX could pursue an initial public offering….