Elon Musk won’t get a $101 billion windfall he wanted but remains one of the richest people on Earth due to numerous ways to accumulate wealth in the coming years.
Delaware Chancery Court Chancellor Kathaleen McCormick threw out a 2018 pay package that gave Musk options to buy 304 million shares at $23.34 per share, citing it as unfair to shareholders. However, this won’t affect his net worth significantly since he already owns more than $330 billion in Tesla shares.
Musk could opt for smaller pay packages or negotiate new ones starting this year, taking advantage of the company’s rising stock prices. His current holdings are valued at around $147 billion, and a five-year target price of $2,600 per share from Ark Invest would make him worth over $1 trillion if Tesla shares reach that price.
While Musk’s vision for self-driving cars and robots may be ambitious, it’s uncertain whether his predictions will come true. Nevertheless, he remains one of the richest individuals in the world, with various assets like SpaceX, X, xAI, and Neuralink contributing to his wealth.
Source: https://edition.cnn.com/2024/12/03/business/elon-musk-net-worth-pay/index.html