Elon Musk’s net worth could soon move closer to the size of Saudi Arabia’s Public Investment Fund, according to figures cited by EBM Weekend Read. The report said Forbes placed Musk’s real-time wealth at $809 billion in mid-April 2026, while Saudi PIF reported assets of “more than $900 billion” in its April 2026 strategy disclosure.
The gap has narrowed as private market valuations around SpaceX and xAI continue to rise. However, the report also noted that Bloomberg valued Musk’s wealth at about $636 billion, showing a wide gap between public estimates.
SpaceX remains central to Musk’s rising wealth. EBM reported that SpaceX merged with xAI in February 2026 in a deal that valued the combined company at $1.25 trillion. Musk holds about 42% of the business, making it his largest wealth source.
The company is also preparing for an initial public offering later in 2026. The reported target valuation stands at $1.75 trillion. If that price holds, Musk’s SpaceX-xAI stake alone could reach about $735 billion.
However, the valuation still faces market testing. Private company prices often change after a public listing, especially when investors review earnings, governance, and growth plans. EBM cited Morningstar’s warning about “substantial uncertainty and risk,” including governance concerns linked to Musk.
Saudi Arabia’s Public Investment Fund has grown quickly since Crown Prince Mohammed bin Salman took oversight in 2015. The fund reportedly had about $150 billion in assets at that time. It now manages more than $900 billion.
The fund supports Vision 2030, Saudi Arabia’s long-term plan to diversify beyond oil. Its investments include domestic projects, global equity holdings, sports assets, infrastructure, and technology ventures.
Saudi PIF has also set a $2 trillion target for 2030. However, EBM reported that the fund has shown tighter capital discipline after large spending programs. The report pointed to Riyadh’s reduced support for LIV Golf after reported losses of $6 billion.
Musk’s reported net worth depends heavily on how private assets are valued. Forbes placed him at $809 billion, while Bloomberg used a lower estimate of about $636 billion. The difference shows how much uncertainty surrounds private company stakes.
Tesla remains important, but it no longer drives most of Musk’s wealth. EBM reported that his 13% Tesla stake is worth about $148 billion. The restored Tesla pay package also adds about $115 billion in option value.
Tesla shareholders approved another compensation plan in November 2025. That package could be worth up to $1 trillion over ten years if Musk meets set goals. Still, the SpaceX-xAI valuation remains the main factor behind the latest wealth surge.
European companies have long treated sovereign wealth funds as major sources of patient capital. These funds offered large checks, long timelines, and institutional governance. Musk’s rising fortune changes that comparison because one individual may soon control wealth on a scale comparable to that of a sovereign fund.
The report said this creates a new policy challenge for Europe. Musk has interests in electric vehicles, space launch, artificial intelligence, social media, and public policy debates. Regulators may need to assess how one person’s ownership across several sectors affects market oversight.
For now, the crossover remains uncertain. It depends on the SpaceX IPO price, public market demand, and future valuations. Yet the reported numbers show that Musk’s wealth is moving closer to Saudi PIF’s asset base, raising fresh questions for global finance and regulation.
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