Musk on course to be world's first trillionaire

ELON Musk could become the world's first trillionaire under the biggest payout in corporate history.

- BY GRAHAM HISCOTT Head of Business

Shareholders in US electric car maker Tesla have approved a potential mega-deal for its controversial boss.

Already the world's richest man with an estimated $500billion (€430bn), he could be handed nearly $1trillion (€860bn) worth of Tesla shares over the next decade under the deal.

The payout, dependent on Tesla meeting tough targets, would be worth the equivalent of nearly €100 for every man, woman and child on Earth.

Andy Prendergast, from the GMB union, described the prospect as "grotesque" and said: "It is a prime example of everything that is wrong with the world.