Latest Breaking News

Polybius

(21,517 posts) Sat Dec 20, 2025, 01:58 PM Dec 20

Elon Musk becomes first person worth $700 billion following pay package ruling

Source: Reuters

Dec 20 (Reuters) - Tesla (TSLA.O) CEO Elon Musk's net worth surged to $749 billion late Friday after the Delaware Supreme Court reinstated Tesla stock options worth $139 billion that were voided last year, according to Forbes' billionaires index.

Musk's 2018 pay package, once worth $56 billion, was restored by the Delaware Supreme Court on Friday, two years after a lower court struck down the compensation deal as "unfathomable."

The Supreme Court said that a 2024 ruling that rescinded the pay package had been improper and inequitable to Musk.

Earlier this week, Musk became the first person ever to surpass $600 billion in net worth on the heels of reports that his aerospace startup SpaceX was likely to go public.

Read more: https://www.reuters.com/business/autos-transportation/elon-musk-becomes-first-person-worth-700-billion-after-court-ruling-pay-package-2025-12-20/

12 replies

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Highlight:

Elon Musk becomes first person worth $700 billion following pay package ruling (Original Post) Polybius Dec 20 OP

The nice thing about having lots of money Turbineguy Dec 20 #1

World's richest man trying to destroy social safety nets struggle4progress Dec 20 #2

We so need to have a maximum wage. . . Stargleamer Dec 20 #3

YES !!!!!!!!!! Seinan Sensei Dec 21 #6

Or maximum total earnings Polybius Dec 21 #7

Working out the details of limiting wealth will take much thought and collaboration. . . Stargleamer Sunday #12

He's still worthless. RandySF Dec 20 #4

He could gave me a billion, and not even realize that it was missing Polybius Dec 20 #5

Deport Elon for illegally obtaining citizenship. travelingthrulife Dec 21 #8

Well, at least he got a lot of right-wingers to go electric Polybius Dec 21 #9

Time to post this again. LudwigPastorius Dec 21 #10

I will continue to oppose this wording Maeve Dec 21 #11

Turbineguy

(39,848 posts)

1. The nice thing about having lots of money

Reply to Polybius (Original post)

Sat Dec 20, 2025, 02:01 PM

Dec 20

is that you can do good things with it.

struggle4progress

(125,385 posts)

2. World's richest man trying to destroy social safety nets

Reply to Polybius (Original post)

Sat Dec 20, 2025, 02:01 PM

Dec 20

Stargleamer

(2,616 posts)

3. We so need to have a maximum wage. . .

Reply to Polybius (Original post)

Sat Dec 20, 2025, 02:13 PM

Dec 20

to lessen capitalism's damage and the rule of plutocrats

Seinan Sensei

(1,375 posts)

6. YES !!!!!!!!!!

Reply to Stargleamer (Reply #3)

Sun Dec 21, 2025, 01:46 AM

Dec 21

Polybius

(21,517 posts)

7. Or maximum total earnings

Reply to Stargleamer (Reply #3)

Sun Dec 21, 2025, 10:14 AM

Dec 21

A maximum wage would be yearly earnings only. What would you set it at?

Stargleamer

(2,616 posts)

12. Working out the details of limiting wealth will take much thought and collaboration. . .

Reply to Polybius (Reply #7)

Sun Jan 4, 2026, 08:29 PM

Sunday

Last edited Sun Jan 4, 2026, 09:01 PM - Edit history (1)

but Ingrid Robeyns' has taken a good first step it would seem:

https://www.theguardian.com/books/2024/jan/21/limitarianism-the-case-against-extreme-wealth-ingrid-robeyns-extract.

Note however that Robeyns' approach might be insufficiently egalitarian:

https://link.springer.com/content/pdf/10.1007/s10677-022-10337-1.pdf

RandySF

(81,190 posts)

4. He's still worthless.

Reply to Polybius (Original post)

Sat Dec 20, 2025, 03:14 PM

Dec 20

Polybius

(21,517 posts)

5. He could gave me a billion, and not even realize that it was missing

Reply to Polybius (Original post)

Sat Dec 20, 2025, 10:14 PM

Dec 20

Crazy to think about.

travelingthrulife

(4,463 posts)

8. Deport Elon for illegally obtaining citizenship.

Reply to Polybius (Original post)

Sun Dec 21, 2025, 11:35 AM

Dec 21

Seize his assets to pay for all the damage he has cost us.

Polybius

(21,517 posts)

9. Well, at least he got a lot of right-wingers to go electric

Reply to travelingthrulife (Reply #8)

Sun Dec 21, 2025, 02:19 PM

Dec 21

I remember it being just a scant 3 or 4 years ago that Republicans said they would never get an electric car.

LudwigPastorius

(14,192 posts)

10. Time to post this again.

Reply to Polybius (Original post)

Sun Dec 21, 2025, 03:23 PM

Dec 21

Realize, though, that you have to increase the stack at the end of the video by 272.5% to get to $700 billion.

This makes Musk's pile of money more than 5 miles high, or higher than the 6th highest mountain in the world Cho Oyu.

Maeve

(43,337 posts)

11. I will continue to oppose this wording

Reply to Polybius (Original post)

Sun Dec 21, 2025, 04:16 PM

Dec 21

While his "net worth" may be that high, he is not worth that amount--he controls that amount.

Elon Musk is barely worth the price of a cup of cheap coffee.

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