Read in English
Tesla CEO Elon Musk, currently the wealthiest person globally, could secure the title of the world’s first trillionaire if a substantial new compensation package proposed by the company’s board of directors is approved.
Key points:
- Elon Musk might achieve trillionaire status through a revised incentive plan from Tesla.
- The agreement permits Musk to obtain additional Tesla shares contingent on a significant rise in the company’s market valuation.
- Should Tesla’s market capitalization reach $8.5 trillion, Musk could gain shares valued at nearly $1 trillion.
Musk’s Trillion-Dollar Milestone: Details
The proposed compensation package outlines that Musk would receive an extra 423.7 million Tesla shares if the firm’s market value grows substantially in the coming years.
At present, Tesla’s total share value stands at $1.1 trillion. If the company’s valuation climbs to $8.5 trillion, the 423.7 million shares Musk could secure under this plan would be worth almost $1 trillion.
Currently, Musk owns 410 million Tesla shares.
According to Bloomberg Billionaires Index, his total net worth is estimated at $386 billion.
