Elon Musk’s wealth has climbed toward $800 billion after a fresh funding round.
The deal sharply revalued his artificial intelligence and social media venture, xAI Holdings.
This is according to reports by Forbes, which tracks the net worth of billionaires. Private investors recently valued the company at $250 billion.
That figure is more than double its valuation from less than a year ago. The jump has pushed Musk’s estimated net worth to about $780 billion.