With the compensation deal finalized, Musk becomes the world's first person with a net worth exceeding $700 billion.

Tesla CEO Elon Musk's net worth surged to $749 billion Friday night after the Delaware Supreme Court reinstated $139 billion worth of Tesla stock options that had been voided last year. Musk's 2018 compensation package, valued at $56 billion, was rejected two years ago by a lower court as "outrageous," but the Delaware Supreme Court reinstated it this Friday. The Supreme Court stated that the 2024 ruling to rescind the compensation package was improper and unfair to Musk. Earlier this week, reports surfaced that his space startup, SpaceX, might be about to go public, subsequently pushing Musk's net worth past $600 billion, making him the world's first billionaire to achieve this milestone. (Sina)