Billionaire Elon Musk, who is already considered the richest man in the world, is about to reach an unprecedented milestone: a net worth of US$800 billion (the equivalent of around R$4.3 trillion). The main reason for the increase in Musk’s fortune is the appreciation of his technology companies, especially in relation to artificial intelligence.
Despite criticism from , xAI announced earlier this month that it raised US$20 billion in its latest round of funding. The American magazine Forbes explained that the funds increased the company’s value to US$250 billion. Since Musk owns 49% of the company, the funding round increased his stake to $122 billion, an addition of about $62 billion to Elon Musk’s personal fortune.
Now, Musk’s total assets are estimated at US$780 billion, which reinforces his isolated first position on the list of the world’s richest. He must be the first billionaire to surpass US$800 billion. Projections also indicate that he will be the first person in history to become a trillionaire.
And he doesn’t stop there. Elon Musk. He argues that he initially supported the companies and has money to receive from them.
In addition to Musk, the growing value of his digital businesses has also made other billionaires even richer. Among them are Saudi businessman Prince Alwaleed Bin Talal Alsaud, Twitter founder Jack Dorsey and Oracle director Larry Ellison.
Despite the financial gains, xAI is going through a period of intense investment with the aim of not falling behind in the race for AI advances taking place around the globe. In the first nine months of 2024, the company invested around US$7.8 billion in projects in this regard.
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