Home » today » Business » Judge overturns Elon Musk’s $55 billion Tesla pay package, jeopardizing his status as the world’s richest man

Judge overturns Elon Musk’s $55 billion Tesla pay package, jeopardizing his status as the world’s richest man

FT: Elon Musk’s $55 billion salary from Tesla was garnished

Elon Musk may lose his title as the richest man in the world, writes FT Photo: US Air Force / Trevor Cokley

A judge in Delaware has overturned Elon Musk’s record $55 billion pay package at Tesla, a move that could jeopardize the businessman’s status as the world’s richest man. The Financial Times newspaper writes about this.

“Musk’s $55 billion Tesla pay package has been thrown out by a Delaware judge. It could also jeopardize the businessman’s position as the richest man in the world.” it says in the newspaper material. They added that the judge found that Musk’s remuneration was improperly approved by the company’s board of directors and led to the deception of shareholders.

Elon Musk, who owns SpaceX and Tesla, holds the top spot on the list of the 400 richest Americans. His fortune in 2023 remained at $251 billion, which was almost the same as in 2022, reports “Reedus».

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A judge in Delaware has overturned Elon Musk’s record $55 billion pay package at Tesla, a move that could jeopardize the businessman’s status as the world’s richest man. The Financial Times newspaper writes about this. “Musk’s $55 billion Tesla pay package has been thrown out by a Delaware judge. This could also jeopardize the businessman’s position as the richest man in the world,” the newspaper said. They added that the judge found that Musk’s remuneration was improperly approved by the company’s board of directors and led to the deception of shareholders. Elon Musk, who owns SpaceX and Tesla, holds the top spot on the list of the 400 richest Americans. His fortune in 2023 remained at $251 billion, which was almost the same as in 2022, Reedus reports.

2024-01-31 02:50:00
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