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    Home » Elon Musk Hits Record Breaking with $800bn Fortune
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    Elon Musk Hits Record Breaking with $800bn Fortune

    Ifetayo AdeniyiBy Ifetayo AdeniyiFebruary 5, 20262 Mins Read
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    Elon Musk Hits Record Breaking with $800bn Fortune

     

    Elon Musk net worth reaches $852bn after SpaceX-xAI merger, setting a historic global record and widening lead over other billionaires

    Elon Musk, CEO of SpaceX and Tesla, became the first person in history to amass a net worth exceeding $800 billion following the merger of SpaceX and his artificial intelligence and social media company, xAI.

    The landmark transaction, valued at $1.25 trillion, boosted Musk’s holdings by approximately $84 billion, according to Forbes, on 4 February 2026.

    Prior to the merger, Musk owned 42% of SpaceX, valued at $336 billion, and 49% of xAI, worth $122 billion.

    The consolidation created a combined entity valued at $1.25 trillion, with Musk holding a 43% stake, estimated at $542 billion.

    SpaceX remains his most valuable asset, while he retains 12% of Tesla, valued at $178 billion, alongside $124 billion in stock options.

    The deal represents Musk’s second corporate merger in under a year, following xAI’s integration with X (formerly Twitter) last March.

    Analysts note that the full impact of the merger will become more transparent once the planned public offering later this year places the companies under investor scrutiny.

    Musk’s historic net worth now positions him far ahead of other global billionaires, including Larry Page ($277.9 billion), Sergey Brin ($256.3 billion), and Jeff Bezos ($249.3 billion), widening the wealth gap to unprecedented levels.

    Meanwhile, Africa’s richest man, Aliko Dangote, saw his latest global ranking rise to 86th with an estimated net worth of $26.3 billion, largely derived from cement and sugar ventures.

    Other Nigerian billionaires listed by Forbes include Abdulsamad Rabiu ($10 billion), Mike Adenuga ($6.4 billion), and Femi Otedola ($1.6 billion).

    This record-breaking milestone highlights Musk’s continued dominance in technology, aerospace, and digital innovation, while signalling the growing impact of strategic mergers on personal fortunes in the global billionaire landscape.

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    Ifetayo Adeniyi
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    Adeniyi Ifetayo Moses is an Entrepreneur, Award winning Celebrity journalist, Luxury and Lifestyle Reporter with Ben tv London and Publisher, Megastar Magazine. He has carved a niche for himself with over 15 years of experience in celebrity Journalism and Media PR.

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    Zenith Bank Plc is intensifying its growth strategy through simultaneous capital raising and regional expansion, positioning itself to meet tougher regulatory requirements at home while deepening its footprint across West and Central Africa. The lender disclosed plans to invest about “$231 million” in expanding operations within the sub-region, with a focus on acquiring assets in Côte d’Ivoire and Cameroon. The move is aimed at strengthening its reach in the francophone market and consolidating regional dominance at a time when Nigerian banks are seeking diversification beyond their domestic base. In parallel, Zenith Bank is finalising a major recapitalisation programme to comply with the Central Bank of Nigeria’s new “10-fold minimum capital requirements,” which must be met by “March 31, 2026.” The exercise places the bank among lenders racing to shore up capital buffers amid tighter regulatory oversight and rising balance-sheet demands. Financially, the group reported resilience through 2025, recording a “16% growth in gross earnings” to approximately “₦3.4 trillion” by late in the year. However, market analysts have cautioned that earnings momentum may moderate in 2026 as interest rates begin to ease across key markets, including Nigeria and Egypt, potentially compressing margins despite higher volumes. The twin pressures of regulatory compliance and regional expansion are expected to shape Zenith Bank’s strategic and financial trajectory over the next two years, as investors weigh near-term profitability against longer-term growth prospects.

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    LG ELECTRONICS SHOWCASES AI-POWERED HOME SOLUTIONS TAILORED FOR THE MIDDLE EAST AND AFRICA

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