News
Elon Musk maintains lead as world’s richest person
Elon Musk has retained his position as the world’s richest individual with over $400 billion, according to a Forbes report on Wednesday.
The Tesla CEO and SpaceX founder leads a list of global tycoons whose combined net worths total $1.9 trillion as of January 1, 2025.
The combined net worth of the top 10 richest individuals now stands at $1.9 trillion, up from $1.8 trillion just a month ago.
These billionaires, primarily from the tech, retail, and luxury goods sectors, continue to shape global markets and influence industries on a monumental scale
Below is a look at the top 10 richest people in the world as of January 1, 2025, according to Forbes:
1 Elon Musk
Net worth: $421.2 billion
Source: Tesla, SpaceX, X, xAI
Age: 53
Citizenship: U.S.
Musk’s wealth surged by $91 billion in December, largely driven by a new valuation of SpaceX at $350 billion. He also gained attention following his appointment as co-head of the U.S. Department of Government Efficiency (DOGE) by President Donald Trump.
2 Jeff Bezos
Net worth: $233.5 billion
Source: Amazon
Age: 60
Citizenship: U.S.
Bezos reclaimed the second spot after Amazon shares rose 5% in December, adding $10 billion to his fortune.
3 Larry Ellison
Net worth: $209.7 billion
Source: Oracle
Age: 80
Citizenship: U.S.
Despite a $17 billion drop in his wealth due to Oracle’s declining stock, Ellison remains among the top three.
4 Mark Zuckerberg
Net worth: $202.5 billion
Source: Meta (Facebook)
Age: 40
Citizenship: U.S.
Zuckerberg’s wealth increased slightly as Meta shares rose by 1.9% last month.
5 Bernard Arnault
Net worth: $168.8 billion
Source: LVMH
Age: 75
Citizenship US
6 Larry Page
Net worth: $157.9 billion
Source: Google (Alphabet)
Age: 51
Citizenship: U.S.
Larry Page, co-founder of Google, maintains a strong presence on the list of the world’s wealthiest individuals
7 Sergey Brin
Net worth: $153.4 billion
Source: Google (Alphabet)
Age: 50
Citizenship: U.S.
Sergey Brin, also a co-founder of Google, continues to accumulate wealth through Alphabet’s dominance in the tech sector.
8 Warren Buffett
Net worth: $139.6 billion
Source: Berkshire Hathaway
Age: 94
Citizenship: U.S.
Buffett’s fortune dropped by $8.9 billion in December, sliding his rank from No. 6 to No. 8, as Berkshire Hathaway’s A shares declined by nearly 6% over the past month.
9 Steve Ballmer
Net worth: $123.5 billion
Source: Microsoft
Age: 68
Citizenship: U.S.
Steve Ballmer, former Microsoft CEO and current owner of the Los Angeles Clippers, saw his fortune drop by $500 million in December, despite still being worth over $100 billion.
10 Jensen Huang
Net worth: $118 billion
Source: Nvidia
Age: 61
Citizenship: U.S.
Huang, CEO of Nvidia, joins the top 10 for the first time following a 171% increase in the company’s stock during 2024.
Forbes notes that nine of the top ten are Americans, and all are men.
Musk’s unprecedented fortune is largely tied to his stakes in Tesla, SpaceX, and other ventures.
The billionaire rankings fluctuate with stock market movements, reflecting the volatility and competitiveness among the world’s wealthiest individuals.
News
Breaking: Court of Appeal rules in favour of Turaki -led PDP candidate for Osun governorship election
The Court of Appeal, Abuja Division, on Thursday, ruled that the Peoples Democratic Party, PDP Gubernatorial Candidate in Osun State was validly nominated by the Tanimu Turaki-led National Working Committee.
The court also ordered INEC to list the PDP logo on the ballot ahead of Saturday’s gubernatorial election.
The Court held that access code is neither a creation of the Constitution nor the Electoral Act; rather, a creation of INEC’s guidelines and cannot, in any way, override the provisions of the Constitution.
Section 288 of the Constitution does not specify the method for nominating candidates; it only states that the names of candidates should be forwarded to the Commission.
The court further held that the defendant (INEC) should take steps to include the name of the appellant on the ballot paper.
Additionally, the court ruled that the primary election conducted by the Tanimu Turaki-led National Working Committee (NWC) of the PDP was a valid primary election in law.
The three-man panel of justices—Justice Mahmud, Justice Jaro, and Justice Ankawere, was unanimous in its judgment.
News
Breaking: NHRC sets up situation room to monitor and document hate speech, intimidation, threat to life ahead 2027
The national Human Rights Commission, NHRC, has set up a situation room to monitor and document all incidences of hate speech, intimidation and threat to life by politicians and other actors ahead of the 2027 general election.
The National Human Rights Commission (NHRC) has expressed concerns over rising incidences of hate speech, intimidation and outright threat to life by highly placed individuals, especially politicians and religious leaders.
The Executive Secretary of the Commission, Chef Tony Ojukwu, SAN, revealed this on Thursday in Abuja at a press conference.
He said the situation room would enable the Commission harvest data, analysis and document persons, agencies and others involved in the negative statements in order to ensure they are properly tracked and brought to book by relevant agencies.
Ojukwu also took journalists on a tour of the newly set up situation room.
Details later…..
News
Breaking: NHRC expresses concern over rising incidences of hate speech, threat to life ahead 2027 elections
The National Human Rights Commission (NHRC) has expressed concerns over rising incidences of hate speech, intimidation and outright threat to life by highly placed individuals, especially politicians and religious leaders.
At a press conference in Abuja Thursday, the Executive Secretary of the Commission, Chef Tony Ojukwu, SAN, recalled statements credited to Senator Francis Fadahunsi and Sheikh Yahya Jingir and described the das dangerous with capacity to set the nation ablaze.
He called on politicians, religious and traditional rulers, among other stakeholders to call their supporters and faithful to orders.
He urged government to act before rhetorics turn to violence, saying the forthcoming election in Osun State should serve as example of Nigeria’s capacity to conduct political contest in compliance with international best practices.
Details later…..
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