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Elon Musk Nears $800 Billion as xAI Valuation Soars

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Elon Musk

Elon Musk’s net worth reaches $780 billion after xAI’s valuation jumps to $250 billion, bringing him closer to the $800 billion milestone

Elon Musk has edged closer to becoming the world’s first $800 billion individual after his net worth surged to $780 billion.

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The Tesla and SpaceX CEO gained $62 billion following a successful funding round for his AI and social media venture, xAI Holdings, which saw its valuation more than double to $250 billion.

According to Forbes Real-Time Billionaire Index, Musk’s 49% stake in xAI is now worth $122 billion.

The surge also benefited investors such as Saudi billionaire Prince Alwaleed Bin Talal Alsaud, Twitter cofounder Jack Dorsey, and Oracle cofounder Larry Ellison.

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xAI’s rapid rise coincides with significant global AI spending, though the company has faced scrutiny over its Grok chatbot generating fake and explicit content. Despite this, investor confidence remains strong.

Musk’s wealth milestones in 2025 and 2026 include becoming the first person worth $500 billion, then crossing $600 billion and $700 billion after major private valuations of SpaceX and Tesla stock options.

His largest holdings remain SpaceX at $336 billion and Tesla at $307 billion.

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Meanwhile, Nigeria’s billionaires also feature prominently in Africa’s growing wealth landscape.

Also read: NFF Rules Out Super Eagles Coach Chelle Contract Talks

Aliko Dangote leads with $23.9 billion, followed by Mike Adenuga ($6.8B), Abdul Samad Rabiu ($5.1B), and Femi Otedola ($1.5B), highlighting Africa’s expanding influence in global wealth.

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Rest of World to Shut Down as Search for New Home Continues

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Rest of World

Rest of World shutdown plans point to January 2027 as leaders seek a new institutional home for the nonprofit technology newsroom

Rest of World, the international nonprofit digital publication known for reporting on technology’s impact beyond Western markets, is preparing to end operations as an independent organisation in January 2027 while its leadership searches for a new institutional home.

Also read: Flamingos Target Quarter-Finals in Mexico Clash

Deputy Editor Rina Chandran confirmed the development in a LinkedIn post on Monday, October 26, 2026, saying the newsroom would continue publishing until the end of January as efforts to secure a future for the publication continued.

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“Yes, it’s true: Rest of World is shutting down. After six years of award-winning reporting, our leadership is searching for a new home for the publication that was launched to cover innovation outside the West,” Chandran wrote.

She recalled joining the publication as its Southeast Asia editor in Bangkok before moving to San Francisco, where she became a deputy editor covering how technology developed in Silicon Valley affects people in other parts of the world.

Chandran described working with the publication’s reporters, editors, freelancers and columnists as a privilege, expressing appreciation for the people who contributed to its journalism.

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She also reassured contributors that work already commissioned would still be published and that existing journalism would be preserved and remain accessible.

“If you are a freelancer or columnist who has already been commissioned, you’re good! Your work will be preserved and continue to be accessible,” she wrote, thanking readers, donors and supporters.

The announcement follows a report by Semafor on Sunday that Rest of World founder and principal financial backer Sophie Schmidt had held discussions with several large institutions about potentially taking over the newsroom.

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According to Semafor, two people familiar with the plans said a late-January wind-down date had been set to give employees time to receive exit packages and seek new jobs if efforts to find a new institutional home failed.

Schmidt reportedly told donors that the publication would stop operating as a standalone entity at the end of January.

The proposed closure comes amid a reported decline in traffic from web searches and social media referrals over the preceding 18 months.

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The publication had attempted to retain readers by placing greater emphasis on Western audiences and requiring visitors to register before accessing articles.

Founded in 2020, Rest of World sought to broaden technology journalism beyond the traditional focus on Silicon Valley and other Western technology centres.

Its reporting examined how digital products, platforms and infrastructure shape everyday life, work and economies in emerging markets and other underreported regions.

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Schmidt pledged $60m to establish the project as a nonprofit newsroom.

Over the years, its coverage has explored technology-driven changes in labour markets, digital infrastructure, artificial intelligence and the influence of major technology companies.

The publication’s 2025 annual report said it reached more than 753,000 readers monthly across platforms and channels, with reporting spanning nearly 40 countries during the year.

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Those figures illustrate the scale of its international reporting, even as the organisation faces difficulties sustaining its current operating model.

The planned end of independent operations does not necessarily mean the publication’s journalism will disappear.

Its leadership is seeking an institution that could provide a future for the newsroom, while Chandran has said its existing work will remain accessible.

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Whether a suitable organisation will take over the publication, and what form Rest of World might take under new ownership or institutional support, remains unresolved.

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