• Delaware Supreme Court reinstates Elon Musk's $56 billion pay package from 2018.
• The court's decision overturns a previous ruling that deemed the compensation excessive.
• Musk's net worth skyrockets to over $700 billion, making him the richest person in the world.
• The restored package includes performance-linked stock options now valued at $139 billion.
• Shareholders previously reaffirmed the compensation deal, reflecting strong support for Musk's leadership.

The Delaware Supreme Court has overturned a lower court's ruling, reinstating Elon Musk's $56 billion pay package from 2018. The original compensation plan was struck down by Delaware Chancery Court judge Kathaleen McCormick, who cited conflicts of interest within Tesla's board and a flawed approval process as reasons for the rescission, leaving Musk uncompensated for his six years of service, according to Le Monde and India Times.

This landmark decision by the Delaware Supreme Court restores Musk's compensation plan, which now includes performance-linked stock options valued at approximately $139 billion, significantly exceeding the original amount. The court ruled that the previous judgment to cancel Musk's pay package was improper and ignored the realities of Musk's contributions to Tesla's growth and success, as noted by India Times and India Times.

As a result of the court's decision, Musk's net worth surged past $700 billion, making him the first individual to reach this milestone. Following the ruling, his wealth was estimated at approximately $749 billion, significantly widening the gap between him and the next richest person, Larry Page, by nearly $500 billion, according to Channel News Asia and India Times.

Investor support for Musk remains strong, as evidenced by the approval of a new pay plan valued at $1 trillion, aiming to transform Tesla into a leader not only in electric vehicles but also in artificial intelligence and robotics. This highlights how shareholder confidence continues to back Musk's leadership and vision for the future of the company, as stated by India Times and Channel News Asia.