Elon Musk stuffed an additional $120 billion into his already money-packed deep pockets this year, solidifying his spot as the world’s richest person as he cozies up to President-elect Donald Trump.
Trump’s so-called “First Buddy” is even richer after Trump’s election victory. The Tesla CEO’s net worth soared to a total of $349 billion this year, according to Bloomberg Billionaires Index.
Musk owns roughly 12 percent of Tesla, the world’s most valuable car company,Forbes noted.
The company’s shareholders also gave him a 2018 compensation package worth more than $50 billion. But a Delaware judge struck it down Monday. She wrote in her decision that what would have been the largest pay deal in history was an “unfathomable sum” that “seems to have been calibrated to help Musk achieve what he believed would make ‘a good future for humanity.’”
Monday’s decision reaffirms her decision from January, when she also rejected the pay package. “Never incorporate your company in the state of Delaware,” Musk wrote in January on X, another company he owns.
