The first individual in history to have a net worth of over $800 billion is Elon Musk. This occurred after his social media and artificial intelligence startup, xAI, was acquired by his space business, SpaceX. Forbes reports that Musk’s net worth reached a record $852 billion after the deal, which increased his wealth by almost $84 billion.
The combined business is valued at over $1.25 trillion, according to the deal. Prior to the merger, SpaceX had a high market value. SpaceX was valued at $800 billion in a private financing agreement in December. Musk owned almost 42% of the business at the time, which was valued at nearly $336 billion. Additionally, he held roughly 49% of xAI, which earlier this month was worth $250 billion. The value of his portion in xAI alone was approximately $122 billion.
Following its acquisition, SpaceX and xAI were valued at $1 trillion and $250 billion, respectively. According to Forbes, Musk currently controls around $43% of the combined business, which is equivalent to $542 billion. Musk’s most valuable asset is therefore SpaceX. Musk has a sizable stake in Tesla as well. He owns roughly 12 percent of Tesla, which is valued at about $178 billion at the moment. He also owns $124 billion worth of Tesla stock options.
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