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Elon Musk and Jeff Bezos: Who’s World’s Authentic Top Billionaire?

Published

5 years ago

February 19, 2021

Eric

Elon Musk once again overtook Jeff Bezos to reclaim the title of the wealthiest person on the planet Thursday, according to Bloomberg’s Billionaires Index, thanks to a new SpaceX valuation that bumped its founder’s wealth by another $11 billion.

Bloomberg now estimates Musk’s wealth at $200 billion, with Bezos trailing behind at $194 billion.

Musk – CEO of Tesla, SpaceX, and a fistful of other ventures – now tops the list for the second time this year after his space company raked in another $850 million in funding, boosting the firms valuation to $74 billion, Bloomberg reports .

Daily fluctuations in Tesla and Amazon stock mean that the two billionaires regularly leapfrog over one another to reclaim the “world’s wealthiest” title. Gaining or losing a ten-figure sum that would be life changing for any normal person is just another day in the life of the CEOs of two of America’s largest companies. Because most of it is directly tied to equity, little of their wealth is in readily spendable cash.

A Tesla stock rally on January 7 boosted Musk’s net worth by the several billion dollars needed to overtake Bezos and become the wealthiest person on Earth for the first time. But after Tesla shares tumbled about 2% in mid-February, wiping nearly $5 billion from Musk’s fortune in the process, Bezos briefly took the lead . However, Amazon shares remain below September highs, keeping the CEO’s fortune somewhat muted.

Both executives have seen their wealth balloon dramatically in recent years as shares of Amazon and Tesla have skyrocketed to extraordinary heights. Tesla’s stock price surged by more than 700% in 2020 alone, earning Musk nearly $140 billion as the pandemic put millions of people out of work and killed hundreds of thousands in the US, according to Bloomberg.

Musk’s wealth comes mostly from his large stake in Tesla, and from a complex compensation package that awards him tranches of stock as Tesla reaches increasingly challenging targets. He owns roughly 18% of Tesla shares, making him by far the company’s largest shareholder. He was also the highest paid CEO in the world in 2019.

Amazon stock has more than quintupled over the last five years, catapulting Bezos from a mere multibillionaire to the world’s first centi-billionaire and, later, the first person worth more than $200 billion. Bezos lost a significant portion of his net worth after his divorce in 2019 , which left his ex-wife MacKenzie Scott with around 25% of their Amazon holdings.

The next wealthiest people on the Bloomberg Billionaires Index are Microsoft’s Bill Gates, LVMH CEO Bernard Arnault, and Facebook founder Mark Zuckerberg.

Source: Africa Business Insider

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Mike Adenuga, Emmanuel Macron Hold High-Powered Meeting in Paris

Published

18 hours ago

December 18, 2025

Eric

Accomplished billionaire businessman and Commander of the French Légion d’Honneur, Dr. Mike Adenuga Jr., GCON, CdrLH, has held a private meeting with the French President, Emmanuel Macron.

The two powerful citizens of the world held the meeting on Wednesday at the historic Élysée Palace in Paris.

The high-level engagement underscores the longstanding relationship between Dr. Adenuga and the French Republic, as well as his continued relevance in global business and diplomatic circles.

A respected industrialist and philanthropist, Adenuga has been widely acknowledged for his contributions to economic development, telecommunications, energy, and humanitarian causes across Africa and beyond.

The meeting adds to Dr. Adenuga’s growing profile as a bridge between African enterprise and international leadership.

Headline

Free at Last: Burkina Faso Releases 11 Nigerian Soldiers, Aircraft

Published

19 hours ago

December 18, 2025

Eric

Burkina Faso has released Nigerian soldiers who were detained after their aircraft made a forced landing in the Sahelian country earlier this month, Nigerian officials said.

The release followed a diplomatic intervention by President Bola Tinubu, who dispatched a high-level delegation led by the Minister of Foreign Affairs, Yusuf Tuggar, to meet Burkina Faso’s Military Leader, Ibrahim Traoré, on Wednesday.

In a statement, Alkasim Abdulkadir, Tuggar’s spokesperson, said both sides resolved the matter amicably and secured the release of the Nigerian Air Force pilots and crew.

The soldiers had been held for nearly two weeks after the Confederation of Sahel States (AES) described the aircraft’s landing as an “unfriendly act” carried out in defiance of international law.

The Nigerian Air Force, however, said the crew encountered a technical issue that required a precautionary landing in Bobo-Dioulasso, the nearest available airfield. It said the landing complied with standard safety procedures and international aviation protocols.

Headline

Corruption Allegations: NMDPRA Boss Farouk Ahmed Meets Tinubu, Resigns

Published

1 day ago

December 17, 2025

Eric

The Chief Executive Officer (CEO) of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Farouk Ahmed, has resigned following a meeting with President Bola Tinubu amid corruption allegations.

Tinubu, on Wednesday, summoned Ahmed to the Presidential Villa in Abuja, following allegations of economic sabotage and corruption.

Also caught in the web of resignation was the CEO of the Nigeria Upstream Petroleum Regulatory Commission (NUPRC), Gbenga Komolafe, according to a statement on Wednesday by Bayo Onanuga, special adviser to the president on information and strategy.

Tinubu was said to have nominated successors to the senate for approval.

“Tinubu has asked the Senate to approve the nominations of two new chief executives for the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC),” the statement reads.

“The requests followed the resignation of Engineer Farouk Ahmed of the NMDPRA and Gbenga Komolafe of the NUPRC.

“Both officials were appointed in 2021 by former President Buhari to lead the two regulatory agencies created by the Petroleum Industry Act (PIA).

“To fill these positions, President Tinubu has written to the Senate, requesting expedited confirmation of Oritsemeyiwa Amanorisewo Eyesan as CEO of NUPRC and Engineer Saidu Aliyu Mohammed as CEO of NMDPRA.”

Onanuga said the two nominees are seasoned professionals in the oil and gas industry.