Elon Musk's Wealth Nears $800 Billion After XAI Funding Surge

Elon Musk's net worth nears $800 billion as XAI Holdings, his AI and social media venture, secures a fresh funding round, boosting his stake in the company. The rise in valuation follows a merger with a social media platform, attracting investments from high-profile individuals like Alwaleed bin Talal.

Musk's wealth surge is driven by gains across his various businesses, including Tesla. The funding increase comes amidst heavy spending in the AI sector and scrutiny over XAI's flagship product, the Grok chatbot.