"Elon Musk moved within reach of an unprecedented $800 billion net worth after private investors sharply increased the valuation of xAI Holdings, his artificial intelligence and social media company. A newly confirmed $20 billion funding round valued the business at $250 billion, adding an estimated $62 billion to Musk's fortune and widening his lead as the world's wealthiest individual. Forbes confirmed that xAI Holdings was valued at $250 billion following its $20 billion funding round."
"xAI's recent valuation increase pushed Musk's total net worth to approximately $780 billion, as per Forbes ' Real-Time Billionaires List. The jump represented one of the single largest wealth gains ever recorded in a private funding round. Saudi investor Prince Alwaleed Bin Talal Alsaud held an estimated 1.6% stake in xAI worth about $4 billion, so the recent funding round boosted his net worth to $19.4 billion."
xAI Holdings secured a $20 billion funding round that valued the company at $250 billion. The valuation boost added an estimated $62 billion to Elon Musk's fortune, moving his net worth to roughly $780 billion. Forbes confirmed the $250 billion valuation, which more than doubled the $113 billion valuation Musk cited when xAI merged with X last year. Musk owned about 49% of the combined company after the merger. The funding round also increased wealth for other investors: Prince Alwaleed Bin Talal Alsaud's 1.6% stake became worth about $4 billion, and Jack Dorsey and Larry Ellison's roughly 0.8% stakes became worth about $2.1 billion each.
Read at TESLARATI
Unable to calculate read time
Collection
[
|
...
]