How a Judge’s Ruling Could Take a Bite Out of Elon Musk’s $56 Billion Pay Deal with Tesla

Jeff Bezos surpasses Elon Musk to become the wealthiest man in the world

Recently, a judge ruled that Mr. Musk’s $56 billion pay deal with Tesla is unlawful, which could further impact his net worth. This news comes after the electric car company’s value dropped to around $590 billion, down from over $1 trillion. The CEO of the company, Mr. Musk, owns about 20% of its stock and options, as well as significant holdings in SpaceX and X (formerly Twitter). Despite not taking a salary from Tesla, he was set to receive a massive stock payout for his role in increasing the company’s valuation and revenues.

Mr. Musk has often engaged in public spats with Mr. Bezos, exchanging jabs about their respective wealth. Most notably, he tweeted a “silver medal” emoji at Bezos when the latter surpassed his net worth in 2021. These interactions between two of the world’s richest individuals have captured the attention of many observers. Mr. Musk has also been involved in other high-profile disputes over ownership of companies and compensation deals, leading some to question his business practices and leadership style.

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