Elon Musk’s net worth surged dramatically to US$749 billion, or approximately Rp12,433 trillion (at an exchange rate of Rp16,600), according to the Forbes Billionaires Index. The sharp increase followed a decision by the Delaware Supreme Court to reinstate Tesla stock options valued at US$139 billion that had been voided last year.

This rise has propelled Musk’s fortune well above that of Google co-founder Larry Page, who currently ranks as the world’s second-richest individual with an estimated net worth of around US$500 billion on the Forbes list.

According to Reuters on Sunday (December 21, 2025), Musk’s 2018 compensation package, once valued at US$56 billion, was reinstated by the Delaware Supreme Court on Friday, two years after a lower court had overturned the pay agreement.

The court ruled that the 2024 decision to invalidate the compensation package was flawed and unfair to Musk.

As a result, Elon Musk has become the first person in history to surpass a net worth of US$600 billion. This milestone comes amid reports that his aerospace startup, SpaceX, may pursue an initial public offering (IPO).

Earlier in November, Tesla shareholders separately approved a compensation plan worth US$1 trillion for Musk—the largest corporate pay package ever—reflecting investor confidence in his vision to transform the electric vehicle maker into a major force in artificial intelligence and robotics.