Elon Musk Bags Record $1 Trillion Pay Deal!

Elon Musk — already the world’s richest man — has now achieved yet another world number-one record. It’s a record that perhaps no one else might ever be able to break in the future, because it’s truly extraordinary. The Tesla CEO has been granted a trillion-dollar compensation package by the company’s board. In Indian currency, that amounts to a staggering ₹88 lakh crore. It’s common for companies to reach the trillion-dollar valuation mark, but an individual reaching that milestone is something that seems possible only for Elon Musk. However, this massive pay package will not be given all at once — it will be distributed over the next ten years.

To receive this compensation, Musk will have to achieve several specific targets. After Tesla’s board of directors approved the enormous pay package, a video of Elon Musk happily dancing with a robot surfaced online. Musk thanked the board members who voted in favor of granting him this record-breaking package. He expressed confidence that Tesla will achieve many new milestones in the coming days. With a current net worth of $473 billion, Elon Musk remains the world’s number one richest person. To secure the full package, Musk must meet a total of 12 performance targets, which include raising Tesla’s market capitalization to $8.5 trillion and increasing annual car sales to 20 million units, among other conditions.