With a net worth of approximately $250.4B, Elon Musk has expanded his tech empire by introducing a new AI company, xAI.

 

With a net worth of approximately $250.4B, Elon Musk has expanded his tech empire by introducing a new AI company, xAI.  The company, which aims to "understand the true nature of the universe," was unveiled four months after Musk registered X.AI as a domestic corporation in Las Vegas. Musk's other ventures include Twitter, which he purchased for $44B and ran as CEO for seven months.  His tenure at Tesla has spanned nearly 15 years, during which the company produced its 4 millionth vehicle in early March 2023. SpaceX, founded by Musk in 2002, has completed 245 rocket launches and has contracts with NASA, including a $2.9B one for a lunar lander. Neuralink, another of Musk's ventures, received FDA approval in May to pursue its "first-in-human" clinical study. The Boring Company, aiming to reduce traffic and "transform" cities, has completed several projects, including the Las Vegas Convention Center Loop and a hyperloop test track. Musk's wealth has been a topic of debate, with some arguing that billionaires like him should pay more taxes; a ProPublica report revealed that Musk paid a true tax rate of only 3.27% from 2014 to 2018.