Elon Musk has become the first person in history to surpass a net worth of $700 billion, marking an unprecedented milestone in global wealth accumulation. The surge in Musk’s fortune follows a court decision that reinstated a massive Tesla stock compensation package, significantly boosting the value of his holdings.

According to wealth trackers, Musk’s net worth climbed to about $749 billion, placing him far ahead of other billionaires worldwide. The restored stock options, originally granted in 2018, form a substantial part of his wealth, alongside his major stakes in Tesla, SpaceX, and other technology ventures.

The achievement has intensified speculation that Musk could become the world’s first trillionaire, given the rapid growth of his companies in electric vehicles, space exploration, artificial intelligence, and advanced manufacturing. Analysts say continued expansion in these sectors could push his net worth to unprecedented levels in the coming years.