![]() Much of Musk’s net worth, estimated at $270 billion, comes from the appreciation in Tesla shares. They profited from the vast appreciation in value of the shares they have held since their companies went public. Bezos got $81,000 a year in salary while he was CEO and Zuckerberg has taken home a salary of $1 a year for most of the last decade. They also have not earned much in the way of salary. ![]() (FB) founder Mark Zuckerberg have received no stock grants or options since their companies’ initial public offerings in 19, respectively. (AMZN) founder Jeff Bezos, who is the world’s second-richest person, ( worth about $100 billion less than Musk, and Facebook Some tech billionaires have done just fine without stock options. Musk dodged a question about such a payday during an investor call Wednesday, saying simply, “There are no discussions currently underway for incremental compensation for me.”īut that doesn’t mean he won’t be offered that kind of payday in the future. ![]() The question should be whether he’ll get even more options, perhaps tens of millions more options. Once he gets those additional options, he will have received all 101 million split-adjusted options that were part of that 2018 pay package. He’s likely to soon receive another 8.4 million options, probably after the company posts its second or third-quarter results, based on analysts’ revenue forecasts for the company.īut those 8.4 million options, worth billions, are a relatively small portion of what Musk ultimately might receive. Musk got 25.3 million of those options just this past week due to the record earnings Tesla posted Wednesday. The 93.9 million options Musk has received so far from that package were worth $86.8 billion as of Friday’s close, after taking into account the exercise price. But he has just about exhausted the options available from the compensation package he got from Tesla in 2018, a package that turned out to be the most lucrative package of stock options issued by any company, according to Courtney Yu, director of research at executive compensation firm Equilar. Previously, Musk co-founded PayPal, the world's leading internet payment system, and Zip2, one of the first internet maps and directions services.Does the richest person on the planet need another massive pay package? That’s the decision facing the Tesla board of directors.ĬEO Elon Musk doesn’t receive any cash salary or bonus. Musk is also the founder of Neuralink, which is developing brain-machine interfaces to connect the human brain to computers, and The Boring Company, which combines fast, affordable tunneling technology with an all-electric public transportation system to try and alleviate soul-crushing urban congestion. By pioneering reusable rockets, SpaceX is pursuing the long-term goal of making humans a multi-planet species by creating a self-sustaining city on Mars. SpaceX is developing Starship - a fully reusable transportation system that will carry crew and cargo to the Moon, Mars and beyond - and Starlink, which will deliver high-speed broadband internet to places where access has been unreliable, expensive or completely unavailable. At SpaceX, he oversees the development of rockets and spacecraft for missions to Earth orbit and ultimately to other planets. ![]() At Tesla, Elon Musk leads all product design, engineering and global manufacturing of the company's electric vehicles, battery products and solar energy products.
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