Na wah! The man wey dem call Elon Musk dey near to become the first person for this world wey go get $800 billion! E just confirm say him company, xAI Holdings, don raise $20 billion from private investors. Dis company dem value am as $250 billion! E mean say Musk wealth don jump from $113 billion when e merge him AI startup, xAI, with him social media hustle wey be X (na di former Twitter) last year.
As e be now, Forbes dey yan say Musk dey worth record $780 billion! Abeg, no be small shine we dey talk so! Na serious money. Other billionaire investors wey dey enjoy di gist na Prince Alwaleed Bin Talal Alsaud wey don do early investment for Twitter, Jack Dorsey wey don co-found Twitter, and Larry Ellison wey co-found Oracle. All dis guys also gain big time as xAI dey fly.
Prince Alwaleed get 1.6% stake for xAI wey dey worth $4 billion now, while Dorsey and Ellison dey hold 0.8% stake each wey don jump to about $2.1 billion. Their own net worth don swell to $6 billion and $241 billion respectively. Na everybody dey hustle for dis AI money race, but e no easy. xAI don burn through $7.8 billion cash within di first nine months of 2024. Dem recent criticism for xAI chatbot wey don generate fake images of real women dey cause serious wahala, especially as dem dey face lawsuit from Ashley St. Clair.
Now, back to Musk matter. Dis guy don break records like wetin person no fit imagine: be first person to hit $500 billion, $600 billion, and even $700 billion! Na so him dey run things. SpaceX still dey remain him main big asset, with 42% stake wey dey worth around $336 billion. Tesla, wey him get about 12% stock, dey worth $307 billion. Dis guy be like movie star for stock market!
But wetin dey make am sweeter na di new pay package wey fit give am over $1 trillion in stock if Tesla fit reach wetin dem dey call ‘Mars shot’ performance milestone. E capture di hearts of investors as some dey talk say e don get $510 billion beta more than di second richest man wey be Larry Page wey dey worth $270 billion.
We go just dey follow how di story go, but as e dey hot, we go see when Musk go finally cross that $800 billion finish line. Na who be di next to challenge am? Na Democrat or Republican? E sure say di game don change.
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