Compensation plan ruling finalized, Musk becomes the world's first person with a net worth exceeding $700 billions

According to a report by Jinse Finance, Forbes Billionaires Index shows that after the Delaware Supreme Court reinstated the $139 billion Tesla stock options that were voided last year, Tesla CEO Elon Musk's net worth soared to $749 billion on Friday night. Musk's 2018 compensation package was once valued at $56 billion, but was dismissed as "outrageous" by a lower court two years ago. Now, the Delaware Supreme Court announced on Friday that the package would be reinstated. The Supreme Court stated that the 2024 decision to revoke this compensation package was improper and unfair to Musk. Earlier this week, there were reports that his aerospace startup SpaceX might soon go public, after which Musk's net worth surpassed $600 billion, making him the first billionaire in the world to achieve this milestone.