Elon Musk just became the first person ever worth $700 billion after Delaware Supreme Court restored his voided Tesla stock options.
Just four days after becoming the first person ever worth $600 billion, Elon Musk became the first person ever worth $700 billion on Friday, after the Delaware Supreme Court overturned a lower court ruling that had voided an award of Tesla stock options now worth $139 billion to Musk.
Forbes estimates that Musk's fortune now stands at a record $749 billion after he successfully appealed the decision. After the ruling, Tesla is Musk's most valuable asset once again. In addition to his stock options, he also owns 12% of the EV maker's common stock, worth $199 billion, bringing the total value of his Tesla holdings to $338 billion.
Musk's second most valuable asset, his estimated 42% stake in SpaceX, is now worth $2 billion less than his Tesla holdings (at an estimated $336 billion), based on a private tender offer launched this month that valued Musk's rocket maker at $800 billion.