Tesla approves Elon Musk's $1,000,000,000,000 pay package which could make him world's first trillionaire
Published on Nov 07, 2025 at 1:25 PM (UTC+4)
by Alessandro Renesis
Last updated on Nov 07, 2025 at 1:25 PM (UTC+4)
Edited by
Kate Bain
Elon Musk is likely to become the world’s first trillionaire thanks to Tesla, maybe sooner than people expected too.
Tesla shareholders approved a plan that would potentially grant him Tesla shares worth up to $1 trillion depending on several factors.
This is potentially a history-making moment.
And the reason why it was approved tells us everything we need to know about Tesla’s faith in Musk.
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What does the trillion-dollar deal involve?
The pay package deal is unprecedented.
Approved by 75 percent of the votes, it essentially promises Musk around $1 trillion worth of Tesla shares as long as he meets various targets over the next 10 years.
Among other things, Musk is now expected to raise Tesla’s market value to $8.5 trillion from $1.4 trillion, and he also needs to make sure Tesla sells at least one million self-driving Robotaxis in the next decade.
The reason why they approved this package is telling.
The board argued that Musk might’ve left the company had the pay package not be approved.
Further proof that – rightly or wrongly – Tesla shareholders believe that Musk is more important to Tesla than Tesla is to Musk.
Who’s going to be the world’s first trillionaire?
Most people assume that the world’s first trillionaire will come from either crypto or tech.
No other industry appears to be scalable enough to reach that symbolic goal.
Earlier this year, Musk reached a net worth of $500 billion.
Elon Musk has been the richest person on Earth for a while now, but his reign has been interrupted, usually quite briefly.
LVMH founder Bernard Arnault overtook Musk twice – once in 2023 and then again in 2024 – but only for about a day or two, and the same thing happened with Oracle’s Larry Ellison and Amazon’s Jeff Bezos.
Ellison, huge stakeholder in software giant Oracle, briefly became richer than Musk earlier this year, but only for about 24 hours.
Not long ago, the world’s 10 richest people were worth a few hundred billion dollars collectively.
Today, the world’s 10 richest people all have net worths well north $150 billion.
Michael Dell – the 10th richest at the time of writing – is worth $155 billion alone.
