The wealth of Tesla CEO Elon Musk has risen to $202 billion, an increase of $11.5 billion over the latest estimates revealed by the Bloomberg Billionaires Index data, which Al Arabiya Business viewed.
The significant rise in Musk’s wealth had nothing to do with Tesla stock this time, which fell by 1.39% yesterday, Tuesday. But on the other hand, his new company, xAI, for artificial intelligence, revealed a financing round that valued the startup at $24 billion. Musk wrote in a tweet on the X website that the company’s previous valuation for the funding round was $18 billion, while the company raised $6 billion in Her last tour.
The data that Musk and his company revealed in a separate statement on its website was not clearly included in his wealth calculations, as the value of his share in xAI is estimated at about $13.3 billion.
Musk’s wealth is distributed among various companies and in fields that may be far from each other, as if he is chasing the dream of a superhero, from the space company “SpaceX” to the electric car company “Tesla”, which control the largest portion of his wealth. The American billionaire’s possessions extend to the brain chip company Neuralink, the social media platform that he acquired two years ago, formerly Twitter and now X, and all the way to his transportation company, The Boring Company.
Although his wealth has been affected since the acquisition of Twitter at a value of $44 billion, as the value of his stake in the company decreased to only about $7 billion, in addition to debt associated with the deal amounting to $13.8 billion, according to Bloomberg calculations, Elon Musk is still competing for the title of the richest. person in the world.
Musk is only $1 billion away from his closest competitor, Amazon CEO Jeff Bezos ($203 billion), and $8 billion from the French fashion emperor, Bernard Arnault.
#Bilad #newspaper #Tesla #shares #decline #Elon #Musk #earns #billion #night.