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International Business Times UK
International Business Times UK
Niloy Chakrabarti

Musk's Net Worth Nears $500B Again as xAI Eyes $20 Billion Nvidia-Chip Deal for Colossus 2 Data Centre

XAI Nvidia Elon Musk Colossus 2 Valor Antonio Gracias Solaris JV Memphis SpaceX
Elon Musk is the wealthiest person on Earth. (Credit: AFP News)

Elon Musk's net worth surged to $484 billion (£362 billion) after falling steeply weeks ago from $500 billion (£374.9 billion). While Musk's net worth is tied to his massive stakes in Tesla and SpaceX, his holdings in xAI could potentially be a reason for the latest boost to his wealth.

Reports emerged that Musk's xAI is working on a $20 billion (£14.9 billion) lease-to-own deal for Nvidia chips for its Colossus 2 supersize data centre in Memphis.

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