Elon Musk is nearing an unprecedented $800 billion net worth following a significant funding round for his AI venture, xAI, which has sparked renewed interest in the billionaire’s financial empire.
Elon Musk is on the verge of achieving a historic milestone in global wealth, approaching the unprecedented net worth of $800 billion. This surge in wealth follows a substantial $20 billion private funding round raised by xAI, Musk’s artificial intelligence company, which is reportedly valued at $250 billion, as confirmed by Forbes.
This latest valuation marks a dramatic increase from the $113 billion figure Musk disclosed in March of last year, when he merged xAI with his social media platform X, formerly known as Twitter. Forbes estimates that this merger alone has increased the value of Musk’s 49% stake in xAI Holdings by approximately $62 billion, bringing his share to about $122 billion.
As a result, Musk’s total fortune is now estimated at around $780 billion, solidifying his position as the world’s richest person by a significant margin on Forbes’ Real-Time Billionaires List.
The explosive growth of xAI is occurring amid a fierce global race to dominate the artificial intelligence sector. Musk’s venture has been investing heavily in infrastructure, talent, and computing power. According to internal documents reviewed by Bloomberg, xAI burned nearly $7.8 billion in cash during the first nine months of 2024, highlighting the scale and ambition of its expansion.
Despite facing controversies surrounding its Grok chatbot, including criticism and legal challenges over the generation of fake images, investor confidence in Musk’s vision for AI remains strong. Industry observers note that xAI’s valuation reflects not only current technological advancements but also Musk’s proven track record of transforming high-risk ventures into dominant global players.
The recent funding round for xAI has also significantly benefited several high-profile investors. Saudi billionaire Prince Alwaleed bin Talal, one of Twitter’s earliest backers, is estimated to hold a 1.6% stake in xAI Holdings valued at around $4 billion, which has lifted his personal net worth to approximately $19.4 billion.
Other notable beneficiaries include Jack Dorsey, who now owns an estimated 0.8% stake worth $2.1 billion, and Larry Ellison, whose identical stake has pushed his fortune back above $240 billion. Ellison was a key contributor to Musk’s $44 billion acquisition of Twitter in 2022, a move that has since evolved into the broader xAI-X ecosystem.
While xAI is rapidly emerging as a core component of Musk’s wealth, his most valuable asset remains SpaceX. Musk’s 42% stake in the private rocket manufacturer is now valued at approximately $336 billion, following a recent valuation of $800 billion—double its estimated worth just months earlier.
Meanwhile, Tesla continues to be Musk’s second-largest holding. He owns 12% of Tesla’s common stock, in addition to substantial stock options, bringing the current value of his Tesla holdings to roughly $307 billion. This figure does not include Tesla’s controversial performance-based compensation package approved in November, which could ultimately grant Musk up to $1 trillion in additional stock if the company meets aggressive long-term targets.
Musk’s financial lead over other billionaires has reached staggering proportions. He is estimated to be $510 billion richer than the world’s second-wealthiest individual, Larry Page, whose net worth hovers around $270 billion. Only Ellison has briefly crossed the $400 billion threshold before, and even that gap has since widened dramatically.
To put Musk’s wealth into perspective, his stake in xAI alone now exceeds the entire estimated fortune of Michael Bloomberg, who ranks 16th on the global rich list.
Analysts suggest that Musk’s rise reflects a broader shift in global capitalism, where artificial intelligence, private space exploration, and vertically integrated technology empires are reshaping how wealth is created and concentrated. Whether Musk ultimately crosses the $800 billion mark may depend on future AI breakthroughs, regulatory pressures, and market sentiment, but few doubt that he has already redefined the upper limits of personal fortune.
As artificial intelligence, space exploration, and electric mobility converge under his expanding empire, Musk’s trajectory continues to blur the line between science fiction ambition and financial reality, marking a new chapter in the landscape of global wealth.
According to Forbes, Musk’s financial ascent is a testament to his innovative ventures and strategic investments.