In recent years, Elon Musk has seen a meteoric rise in the ranking of the world’s greatest 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 runs Tesla, SpaceX, The Boring Company and Neuralink at the same time, and his days are like any other 24 hours.
Elon Musk is climbing the levels
Despite not accepting the minimum wage Tesla paid to him, Elon Musk still has a compensation plan that is expected to gross him nearly $ 30 billion this year. In other words, Elon Musk and Tesla shareholders have put in place a system that allows him to earn rewards based on the company’s share price. This twelve-step plan should make it possible to achieve a capitalization target of $ 650 billion in 10 years. If this plan works, Elon Musk will easily raise over $ 100 billion.
Last year, the billionaire unlocked the first step of this specific plan and bagged $ 800 million. In the meantime, Tesla has maintained a good market cap that has allowed Elon Musk to unlock new levels. During the last quarter, Musk hit the fifth and sixth milestones, but the CEO was unwilling to exercise his options.
Should Elon Musk collect his rewards, he could pocket more than $ 30 billion and become arguably the highest-paid CEO in the world. And he’s only in the middle of the compensation plan, he’ll then have 6 more levels ahead of him.
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