Elon Musk Displaces Zuckerberg To Become World’s Third-Richest

'Dotun Akintomide
Writer

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Zamfara Rakes In N358.9bn Revenue in 2024, Delivers 82% Budget Performance

By Obinna Uballa The Zamfara State Government has reported a total revenue generation of N358.9 billion for the 2024 fiscal year, achieving 82 percent of its approved N437 billion budget target. The announcement was made on Thursday in Gusau by the State Auditor-General, Abubakar Danmaliki, during the presentation of the state’s 2024 Citizens Accountability Report.…

Makinde Throws Shade at Umahi over Coastal Highway

By Abiola Olawale Oyo State Governor Seyi Makinde has thrown shade at the Minister of Works, David Umahi, over failure to provide an answer on the average cost spent for the Lagos-Calabar Coastal Highway. Makinde, who spoke at an event in a viral video on Friday, said there was no need for the Minister of…

Venezuelan Democracy Activist María Corina Machado Wins Nobel Peace Prize, Trump Snubbed

By Obinna Uballa Venezuelan opposition leader and democracy campaigner, María Corina Machado, has been awarded the 2025 Nobel Peace Prize for her “tireless work promoting democratic rights for the people of Venezuela” and her “struggle to achieve a just and peaceful transition from dictatorship to democracy.” Machado, who has been in hiding since August 2024…

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The Facebook CEO lost his grip on the No. 3 spot this week after Tesla boss Elon Musk’s wealth soared to new heights, capping a rally that has seen him add a mind blowing $87.8 billion to his fortune this year.

Musk worth $115.4 billion now trails only Amazon CEO Jeff Bezos and Microsoft’s Bill Gates in the wealth rankings. Bezos’ net worth recently topped $200 billion, while Gates is worth $124.8 billion, according to the Bloomberg Billionaires Index.

Zuckerberg, who recently became a centabillionaire, is worth $110.8 billion. Musk has seen his fortune grow more than anyone else this year, narrowly beating out Bezos, whose own net worth is up $87.6 billion as stuck-at-home consumers have turned to Amazon for all their shopping needs.

Tesla’s shares have been on a dizzying rally this year that has seen the company’s market cap more than quadruple.

The electric automaker on Monday underwent a 5-for-1 stock split, sending its share price up more than 12 percent.

Tesla’s market cap now sits at $457.4 billion. Tesla became the world’s most valuable carmaker by market capitalization when it overtook former front-runner Toyota on July 1.

The company now accounts for more than 40 percent of the total market cap of a group of 12 of the world’s largest automakers.

NYT

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Unlocking Opportunities in the Gulf of Guinea during UNGA80
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