Elon Musk takes aim at £40bn payday - the world's biggest bonus

Musk will become planet's richest man if he turns Tesla into a $650bn business in a decade Tue 23 Jan 2018 10.39 EST Last modified on Tue 23 Jan 2018 11.04 EST Elon Musk, the founder and chief executive of electric car company Tesla, would smash all pay records and become the richest man in the world if an extraordinarily ambitious new incentive scheme pays out. The 46-year-old entrepreneur, who is already a multi-billionaire, has agreed to work unpaid for the next 10 years – after which he would collect an unprecedented $55.8bn (£40bn) bonus if builds the 14-year-old business into a $650bn company within a decade. He was catapulted into the ranks of the super-rich with the sale of PayPal to eBay, which netted him $165m • In 2002, he used $100m to found SpaceX, which aims to cut the cost of space travel through technology such as reusable rockets. One of Musk's ultimate goals is to pioneer efforts to colonise Mars. Tesla has focused on building a vehicle with mass market appeal.