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Delaware High Court Reinstates Tesla Options, Lifting Elon Musk’s Net Worth to $749 Billion

The recalculation reflects concentrated stakes in Tesla plus SpaceX, leaving his paper wealth highly sensitive to market swings.

Overview

  • Forbes raised its estimate after Delaware’s top court ruled that fully annulling Musk’s 2018 stock‑option award was an improper remedy.
  • The reinstated options are valued at roughly $139 billion to $146 billion at current Tesla prices, covering about 304 million shares.
  • Tesla is again his largest asset at about $338 billion in value, including roughly 12% in common shares worth around $199 billion.
  • SpaceX contributes an estimated $336 billion to his fortune based on private valuations and a roughly 42% stake, with any IPO timing and pricing still speculative.
  • Musk’s estimated wealth has jumped from about $500 billion in October to $600 billion in mid‑December and now $749 billion, widening the gap to No. 2 Larry Page at roughly $253 billion.