Elon Musk is edging closer to an unprecedented $800 billion net worth, following a massive funding round that sharply lifted the valuation of xAI Holdings, his combined AI and social media venture.
🤖 xAI Raises $20 Billion at $250B Valuation
Private investors recently injected $20 billion into xAI Holdings, valuing the company at $250 billion—more than double the $113 billion valuation cited when Musk merged xAI with X (formerly Twitter) last year.
📈 $62 Billion Added to Musk’s Fortune
Musk owns 49% of xAI Holdings, and the valuation jump added an estimated $62 billion to his wealth. His stake alone is now worth about $122 billion, pushing his total net worth to a record $780 billion, according to Forbes.
🧠🤝 Big Wins for Other Billionaire Backers
Several high-profile investors also saw major gains:
🇸🇦 Prince Alwaleed bin Talal: ~1.6% stake worth $4B, net worth rises to $19.4B
🐦 Jack Dorsey & 🧮 Larry Ellison: ~0.8% each, stakes valued at $2.1B
Ellison’s total fortune now stands near $241B.
⚔️ AI Arms Race Comes at a Cost
xAI is spending aggressively, reportedly burning $7.8 billion in the first nine months of 2024. Its Grok chatbot has also drawn criticism over content issues, adding legal and reputational pressure amid rapid expansion.
🏆 A Year of Wealth Milestones
Musk has shattered multiple records in quick succession:
💵 $500B in October
💵 $600B in December after SpaceX valuation doubled
💵 $700B days later following a favorable Tesla court ruling
🚀 SpaceX remains his most valuable asset, while Tesla is second—excluding a potential future pay package that could be worth up to $1 trillion if extreme performance targets are met.
🌍 Far Ahead of the Pack
Musk is now $510 billion richer than the world’s second-wealthiest person, Google cofounder Larry Page. Remarkably, Musk’s xAI stake alone is worth more than the entire fortune of Michael Bloomberg.
✨ If current trends hold, Elon Musk may soon become the first human in history worth $800 billion.
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