Over the past few years, Elon Musk has made a meteoric rise in the rankings of the world’s biggest fortunes. The billionaire has even gone so far as to steal the position of the richest man in the world from Jeff Bezos for a few days. It must be said that this money does not fall from the sky, Elon Musk is on all fronts. He simultaneously runs Tesla, SpaceX, The Boring Company, as well as Neuralink, and his days are 24 hours, like everyone else.
Elon Musk climbs the levels
Although Elon Musk does not accept the minimum wage paid to him by Tesla, he still has a compensation plan that is expected to net him nearly $ 30 billion this year. In other words, Elon Musk and Tesla shareholders have a system in place that allows him to earn rewards based on the company’s stock price. This twelve-step plan should make it possible to reach a capitalization objective of 650 billion dollars in 10 years. If this plan works, Elon Musk will easily collect over $ 100 billion.
Last year, the billionaire unlocked the first step of this specific plan and pocketed $ 800 million. In the meantime, Tesla has kept a nice market capitalization, which allowed Elon Musk to unlock new levels. During the last quarter, Musk reached the fifth and sixth milestone, however, the CEO was unwilling to exercise his options.
Should Elon Musk choose to collect his rewards, he could pocket more than $ 30 billion, and arguably become the highest paid CEO in the world. And he is only halfway through the compensation plan, he will subsequently have 6 other levels to go.