Here's How Many Teslas Elon Musk Could Buy With His $56B Payout
- by Jalopnik
- Jun 28, 2024
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Photo: Odin Jaege (Getty Images)
Elon Musk is once again the world’s richest man, as the value of his Tesla shares continues to bounce back from a massive drop earlier this year. According to Forbes, the Tesla CEO’s net worth is about 224.2 billion U.S. dollars What else could Elon Musk buy with his $56B stock options package?
Ford’s market cap is $49B, so he could execute a hostile takeover of Ford.
If he were feeling particularly generous, Elon could buy four Costco hotdog and drink combos for every human on Earth.
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This compensation package, which is admittedly for six years of hard work on Elon’s part, is significantly larger than any other automotive CEO in the industry, but it’s still hard to fathom just how much larger it is. If Elon were to hire General Motors CEO Mary Barra to be his personal assistant, he could use this $56B package to match what GM pays her, $27.8M, and have her on retainer until the year 4038.
Auction site Bring A Trailer sold just over 30,000 cars last year for a total of just about $1.4B. Elon’s pay package would see him the high bidder on every single car on BAT for the next 40 years.
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