Tesla Shareholders to Vote on Plan That Could Boost Elon Musk's Wealth to Trillions
Shareholders of Tesla will gather in November to vote on a plan that could significantly boost Elon Musk's wealth. Musk's current fortune, primarily from Tesla and SpaceX, is already estimated to be around $150 billion more than Larry Ellison's.
Musk's wealth has been influenced by Tesla's sales and his political views. He broke the $400 billion mark in December 2016 and became the first person to reach over $500 billion. If Tesla's value increases eightfold in the next decade, Musk could receive a $1 trillion share package. However, this is contingent on him remaining at Tesla and certain operational milestones being met.
Estimating Musk's wealth is challenging due to many of his companies, like X, xAI, and Neuralink, not being publicly traded. His fortune primarily consists of shares in Tesla and stakes in SpaceX. If Tesla's market capitalization were to reach 8 billion dollars, and Musk were entitled to 423 million shares, those shares would belong to him personally, not to any other company.
Tesla shareholders will vote on a plan that could potentially add trillions to Elon Musk's wealth. Despite challenges in estimating his fortune due to private companies, Musk's wealth continues to grow, primarily driven by Tesla's success. The upcoming vote could further cement his status as one of the world's wealthiest individuals.
