(He will cash the checks, he said, despite sensing that television is the "death of our culture").
In addition, he will cash in $19 million in stock, restricted stock grants and stock options that he would receive even if he were not leaving.
Mr. Musk declined to comment on the public offering for Tesla — the company is in a quiet period — but if it goes as planned, he will cash out about $21 million and still own more than 65 percent of Tesla.
But when his wife is ready to deliver the couple's third child, a boy, he will cash in on an offer from a friend to use a private jet for the cross-country flight back to New York.
Miracles of Life by JG Ballard Fourth Estate £14.99, pp278 Graham Greene once wrote that a writer's childhood is the bank at which, in later life, he will cash his creative cheques.
Denton also is not nearly so rich as his forebears, which is one reason that people have long speculated about whether he will cash out of Gawker Media, assuming that a nine-figure payday would serve as the ultimate rejoinder to his doubters and condescenders.
