Business News of Saturday, 24 January 2026Source: forbes.comElon Musk is on the verge of becoming the first person ever worth $800 billion. Musk’s xAI Holdings raised $20 billion from private investors at a $250 billion valuation earlier this month, Forbes just confirmed. Forbes estimates that the deal boosted the value of Musk’s 49% stake in xAI Holdings by $62 billion to $122 billion. Forbes estimates that Prince Alwaleed owns a 1.6% stake in xAI Holdings worth $4 billion (excluding a larger stake held by his publicly traded Kingdom Holding Company), boosting his net worth to $19.4 billion. Dorsey and Ellison, meanwhile, each now own an estimated 0.8% stake worth $2.1 billion, increasing their fortunes to $6 billion and $241 billion, respectively.
