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Elon Musk,
the world's wealthiest person, is set to become even
. He is on
to become the planet's first dollar trillionaire. This is because of a new remuneration
approved by Tesla shareholders at the company's
general meeting (AGM) on Thursday. Seventy-five per cent of
votes endorsed a
deal of around $1 trillion. A trillion is a thousand billion. The compensation consists of up to 423.7 million
of Tesla stock over the next 10 years. This would mean that Mr Musk's stake in Tesla increases from about 13 per cent to
29 per cent. This depends on Musk boosting Tesla's market
to $8.5 trillion.
