Forbes ranked Elon Musk as the 31st-richest person in the world in May 2020, with an estimated net worth of US$ 36.5 billion.
But should his stock options from Tesla came a little earlier, Musk just could snatch the number one spot from Amazon’s CEO Jeff Bezos.
Last March, a new payment plan for Musk as the CEO of Tesla was approved by its shareholders.
This incentive-based package essentially states that, if Musk hits a series of performance “milestones” between now and January 2028, his electric car company’s market value will go higher by 12 times.
Then we are talking about the market value of $54 billion.
But with the successful launch of two astronauts courtesy of SpaceX‘s Falcon 9, which can be considered as a “milestone” that is all Musk needed to achieve an astronomical figure.
And just like that Musk earned himself a whopping US$ 770 million payday, said a CNN Business report.
His 1.68 million stock options are now worth said amount.
These options are just the first of 12 possible blocks of stock he could get under the plan, which could eventually give him an additional 20.3 million shares, said CNN.
NASA and SpaceX launched astronauts Bob Behnken and Doug Hurley on board the latter’s Dragon spacecraft last weekend.
Bezos is currently worth US$ 113 billion, according to Forbes list of billionaires.
He founded e-commerce giant Amazon in 1994 in Seattle.
Between March and April 2020, amid the pandemic, Amazon hired 175,000 additional workers, said Forbes.