Elon Musk will become the first trillionaire
$TSLA shareholders approved a pay package on Thursday that could make CEO Elon Musk, already the world’s richest person, the world’s first trillionaire.
Tesla announced that more than 75% of shares voted in favor of the pay package during company’s shareholder meeting.
Musk doesn’t take a salary, but the approved pay package comes in the form of 423.7 million additional Tesla shares over 10 years.
Those shares could be worth about $1 trillion, assuming the company reaches the $8.5 trillion market cap needed to have Musk qualify for the full potential payout.