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Tesla stockholders just approved the largest corporate pay package in history – meaning Elon Musk could soon pocket $1,000,000,000,000.
The tech ceo burst into dance at the company’s annual meeting at its factory in Austin, Texas, accompanied by dancing robots.
And with investors endorsing his vision of morphing the EV maker into an AI and robotics juggernaut, the world’s richest person is about to be a lot richer.
He could get as much as $1 trillion in stock over the next decade, although required payments would take the value down to $878 billion.
The vote is crucial for Tesla’s future and its valuation, which hangs on Musk’s vision of making vehicles that drive themselves.
He hopes to create a robotaxi network across the U.S. and sell humanoid robots, even though his far-right political rhetoric has hurt the Tesla brand this year.
Just last week, Musk was worth $500,000,000,000 after a record-breaking day, where his worth swelled briefly to $500 billion before lowering slightly to $499.1 billion.
It comes after Tesla’s stocks climbed around 14% this year – and Musk, who owns a 12% stake in the company, is reaping the benefits.
The value of the car company shares has risen by more than 20% over the last year.
Musk also owns massive stakes in xAI and Space X, which are both multi-billion dollar business ventures.
Stocks in the electric carmaker were $427.90 a share in January but fell to $220.67 when Musk came under fire while working for Donald Trump’s Department of Government Efficiency (DOGE) to cut jobs and spending.
He quit in May and has been at the ‘front and centre’ of running Tesla since, the firm said.
On his current trajectory, Musk could soon become the world’s first trillionaire.
What is $500,000,000,000 actually worth?
By Daisy Outram
Musk’s global standing
If Musk’s net worth were a country’s GDP, he would rank 31st worldwide. That’s just below Austria and above Norway, Malaysia and the tech tycoon’s home country of South Africa.
For all the tea in China
If you would not do something for all the tea in China, maybe things would change for $500billion – a mere four times the People’s Republic’s projected tea revenues of $115billion for 2025.
South American coffee
If coffee is more to a billionaire’s taste than tea, Musk is in luck as his
net worth is 11 times more than the $45billion revenue of the coffee
market in South America this year.
Britain’s Crown Jewels
Musk is worth 125 times the value of the Crown Jewels. Though they’re
generally considered priceless, royal historians estimate the artefacts are worth nearly $4billion.
Riches in the Louvre
There’s little Musk couldn’t afford to hang in the Louvre. His wealth is at
least ten times more than the value of the museum and its entire contents, estimated at around $45.5billion by French historian Patrice de Moncan.
The Lizzie Line
For $500billion all the royals could have a Tube line named after them.
The figure is 20 times the cost of building the Elizabeth Line – $25billion.
Vodka in Russia
Though the drink is a Russian staple, Musk’s riches dwarf the nation’s vodka market and come in at 540 times its total revenue of $924million this year.
The White House
Former Trump adviser Musk said farewell to his short-term workplace in May but has the wealth to buy out the entire building 1,250 times over. Real estate firm Zillow calculates the value of the White House as $398million.
Footballing finances
If Musk wanted to invest in football, his net worth is now 35 times the
market value of all the Premier League football clubs combined, which comes to a sizeable $14billion.
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