Elon Muskis already the world's richest man ... and he's going to become a whole lot richer, because Tesla's shareholders just approved his new pay package -- which could make him a trillionaire.
The pay package was approved at Tesla's annual shareholder meeting in Austin, Texas on Thursday, and get this -- there's no salary involved with the package, according to CNN.
Elon doesn't take a salary at the company -- he's awarded stock -- and he'll be paid in the form of up to 423.7 million additional Tesla shares, which he'll get over the course of the next 10 years if he makes certain targets -- the value of the shares is reportedly somewhere in the ballpark of $1 trillion.
Granted, he's gotta hit some very specific marks to earn the shares, which will be distributed in 12 even tranches, and Tesla will have to reach an $8.5 trillion market cap if he wants the full amount.
If Tesla's going to hit the market cap, though, shares will have to rise a cool 466% from today’s stock price, which is a pretty lofty goal.
Elon reportedly floated the possibility of packing up his things and leaving Tesla behind if he didn't get the pay package, although it looks like he'll be sticking around.
And just in case you were wondering, the guy's currently worth $490.1 billion, according to Forbes' Real-Time Billionaires List -- so he's really not too far off from being a trillionaire in any case.
Travis Scott isn't the only Houston hip hop legend waving the Jordan Brand flag these days -- Slim Thug was on hand at ComplexCon 2025 as the ambassador to unveil the H-Town exclusive colorway for the upcoming Jordan 11!!!
TMZ Hip Hop obtained footage of Slim posing by the custom Jordan Brand truck used to deliver the HOU AJXI “H-Town” sneakers ... which boast metallic chrome Jumpman logos to reflect Houston's legendary car culture -- custom rims included.
TMZ.com
The new J's drop on November 22 and the takeover didn't stop with the Boss Hogg ... Las Vegas Raiders All-Pro player Maxx Crosby rode up on a big rig of his own to debut the VEG AJXI "Mojave," as did star streamer Duke Dennis for his hometown with the ATL AJXI "285."
Don't think Slim Thug has turned into a full-blown hypebeast though ... he and Lil Keke just released their "Double Cup Pt. 2" album, which should have the city stomping in their H-Town Jordans in no time!!!
LendingTree Founder and CEO Doug Lebda died Sunday in an ATV accident in the Charlotte, North Carolina area.
An announcement of the entrepreneur's death was shared by the company, and its board of directors stated they were "deeply saddened," according to WCNC-TV.
LendingTree COO Scott Peyree has since been named the company's CEO, and Steve Ozonian's been named as the director of its board.
It's Labor Day Weekend, and we've created a gallery to honor the girl bosses moving and shaking things up in Hollywood to mark the occasion!
We've got entrepreneurs like Bella Hadid, who branched out from modeling and launched her Orbella fragrance line earlier this year, bumping shoulders with Vanessa Hudgens, who founded her beverage line, Caliwater, way back in 2015!
And then there are success stories like Hailey Bieber, whose skincare line Rhode was sold for a cool $1 billion in May -- sounds like a pretty good payday to us!
Check out our gallery for even more girl bosses running the world!
Ray J is on a run! — he’s celebrating the 20-year anniversary of "One Wish," a now certified gold album with "Raydiation," hit reality shows, and now the launch of his own streaming hub, Tronix Network. He’s worked with Viacom, Zeus, and other major players ... but always stayed independent.
Now he’s taking that energy straight to the streets of Hollywood. The "TMZ After Dark Tour" has turned into L.A.'s hottest ride, selling out every Friday and Saturday with Ray J at the helm. Fans call it a “concert on wheels” — music blasting, paparazzi moments, free shots, and Ray J right in the middle.
TMZ.com
Hollywood is noticing. We’re not just talking about late-night gigs — we're told some big production companies and mainstream platforms are starting to circle, after seeing video of Ray's connection with the crowd.
