US EditionElon Musk becomes first person worth $700 billion following pay package ruling
Elon Musk’s pay package approval boosted his net worth to $700 billion, making him the first person to reach this milestone in the United States.
- Earlier this year SoftBank Group is racing to close a $22.5 billion funding commitment to OpenAI, which has not yet received the remaining funds under the contract, sources said.
- OpenAI aims to build 30 gigawatts of compute at a cost of $1.4 trillion, with its valuation approaching nearly $900 billion, sources said.
- Masayoshi Son sold SoftBank's entire $5.8 billion Nvidia stake and offloaded $4.8 billion of its T-Mobile US stake to raise cash, while SoftBank recently expanded margin loan capacity to $11.5 billion.
- Directing investment managers at SoftBank's Vision Fund toward the OpenAI deal, SoftBank plans to list PayPay, aiming to raise more than $20 billion next year.
- Amid a global AI buildout, SoftBank Group's scramble offers a window into strain faced by dealmakers financing $500 billion Stargate and OpenAI's nearly $900 billion valuation, sources said.
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86 Articles
Elon Musk becomes first to achieve historic $700 billion worth after pay ruling
Elon Musk officially became the first person to achieve a major legal victory at the Delaware Supreme Court on Friday. His net worth primarily soared to $749 billion after the ruling restored Tesla...
According to calculations by the magazine "Forbes", Tesla chief Musk has a net asset of about 749 billion dollars. This is shown by the online published billionaire list of the magazine, which Musk is currently leading.
Elon Musk (54) was the first person to accumulate a fortune of incredible $749 billion. The trillion seems to be just a matter of time.
Elon Musk just moved one step closer to becoming the first trillionaire in history after a court reinstated his Tesla stock options worth billions. According to Forbes' Billionaires Index, the Tesla CEO's net worth rose to $749 billion on Friday, making Musk the first person to surpass the $700 billion milestone. He is now the richest person in the world and about $500 billion richer than the second-richest, Google co-founder Larry Page, the ind…
After a court decision in Delaware, the richest person in the world gets richer again.
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