Niles Investment Management -founder Dan Niles discusses the potential $ 1 trillion compensation plan for Tesla for Elon Musk about ‘The Claman Countdown’.
Elon Musk reportedly became the first person in history on Wednesday with a net value of $ 500 billion.
The Fortuin of the CEO of Tesla and SpaceX crossed the Half-Biljoen Mark around 3.30 pm, so that he delivered around $ 150 billion for Oracle co-founder Larry Ellison, the world’s second-rich person, delivered, Forbes reported.
Musk’s Wealth has risen from $ 24.6 billion in March 2020 to a series of milestones: $ 100 billion at the end of 2020, $ 200 billion in 2021 and $ 400 billion in 2024, before reaching $ 500 billion this week.
At his current pace, by 2033, Musk could become the first trillionian in the world, when the proposed $ 1 trillion compensation package of Tesla started to establish, Forbes reported.
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Elon Musk speaks during a town hall in Green Bay, Wis., 30 March 2025. (Robin Legrand / AFP via Getty Images / Getty images)
“It’s not about ‘compensation’, but that I have sufficient influence on Tesla to guarantee safety when we build millions of robots,” said Musk in an X post in September. “If I can be kicked in the future by consultancy firms of activist shareholders who do not even have Tesla shares, I am not familiar with that future.”
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Tesla shares rose nearly 4% on Wednesday and added around $ 9.3 billion to the Fortuin of Musk. The share has almost doubled since April, when Musk announced that he would take a step back from his role that President Trump’s Department of Government Efficiency (Doge) led to concentrate the EV -Maker, Forbes reported.
Tesla vehicles can be seen in a Tesla store in Palo Alto, California. (Yichuan CAO / Nurphoto via getty images / getty images)
The market capitalization of Tesla is now within 10% of its highest high, with Musk’s interest of 12% worth $ 191 billion. SpaceX, with a value of $ 400 billion, has an estimated $ 168 billion in Musk’s assets. Musk also controls a majority stake in Xai Holdings, according to Forbes with around $ 60 billion.
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Last month, the Tesla Board of Directors set a new compensation plan for Musk for a potential $ 1 trillion, which marks what the largest wage package would be for a director in history.
Larry Ellison listens while President Donald Trump speaks with reporters in the Oval Office of the White House 3 February 2025, in Washington, DC (Anna Moneymaker / Getty Images / Getty image)
The proposal of the board would give Musk up to 12% of Tesla shares, worth around $ 1 trillion, if the automaker hits aggressive goals, such as a market capitalization of $ 8.5 trillion and other operational milestones for a period of 10 years.
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