Tesla shareholders approved a pay package that could make CEO Elon Musk , already the world's richest person, the world's first trillionaire.

Tesla announced that more than 75 per cent of shares voted in favour of the pay package during the company's annual shareholder meeting.

The vote didn't include the 15 per cent of the company that Musk already owns.

Musk thanked the shareholders and the Tesla board soon after the vote was announced.

"I super appreciate it," he said.

Musk doesn't take any salary, but the approved pay package comes in the form of a stock grant that would give him as much as 423.7 million additional Tesla shares over the next ten years.

Those shares could be worth about $1.54 trillion, assuming the company reaches the $13 trillion market cap needed to have M

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