Elon Musk is close to becoming the first person ever worth $800 billion. His AI and social media company, xAI Holdings, recently raised $20 billion from private investors, doubling the company’s valuation to $250 billion.
The funding round increased the value of Musk’s 49% stake in xAI Holdings by $62 billion, bringing it to about $122 billion. Forbes now estimates Musk’s total net worth at $780 billion.
Other investors in xAI, including Saudi Prince Alwaleed Bin Talal, Jack Dorsey, and Larry Ellison, also saw their stakes rise. Prince Alwaleed’s holdings are now worth $4 billion, while Dorsey and Ellison each gained $2.1 billion.
xAI has been spending heavily amid the AI arms race, burning $7.8 billion in the first nine months of 2024. The company’s Grok chatbot has faced criticism for generating fake images, including a recent lawsuit.
Musk has recently reached multiple wealth milestones. In October 2025, he became the first person worth $500 billion, then $600 billion in December, and $700 billion shortly after, thanks to SpaceX, Tesla, and court rulings on stock options.
Tesla remains Musk’s second-largest asset. His 42% stake in SpaceX is worth $336 billion, while his Tesla holdings total about $307 billion. This does not include his record-breaking Tesla pay package, which could add up to $1 trillion if the company meets certain performance goals.
Musk is now $510 billion richer than the world’s second-richest person, Google cofounder Larry Page, who is worth $270 billion. His xAI stake alone is worth more than the entire fortune of Michael Bloomberg, the 16th richest person in the world.
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