Elon Musk now worth an estimated $749 Billion, widening his lead to nearly $500bn over world's second-richest Larry Page

By Michael Ehindero
Elon Musk has set another historic milestone in global wealth rankings, becoming the first individual ever worth $700 billion just four days after crossing the $600 billion mark.



The surge followed a ruling by the Delaware Supreme Court on Friday, which overturned a lower court decision that had voided a massive Tesla stock options award to Musk.

In contrast, the second richest person in the world, Larry Page is worth an estimated $253 billion about half-trillion dollars less than Musk.
 
The restored package, now valued at about $139 billion, significantly boosted his net worth. With the successful appeal, Musk’s personal fortune has climbed to an unprecedented $749 billion, according to estimates.

Tesla remains Musk’s most valuable asset, with his holdings valued at approximately $336 billion. His second-largest stake, a estimated 42 per cent share in SpaceX iss now worth just $2 billion less than Tesla following a private tender offer this month that valued the rocket company at $800 billion, up from about $400 billion in August.

Analysts say SpaceX could ultimately eclipse Tesla as the main driver of Musk’s wealth. The company is reportedly targeting an initial public offering in 2026 that could value it at around $1.5 trillion, a move that may make Musk the world’s first trillionaire.


Share this story

Comments

Post a Comment

Post a Comment

Trending Stories On MEB

Trial of K!llaboi who allegedly mvrdered his Girlfriend to begin today

By Michael Ehindero
Image
The trial of Nigerian internet punter Benjamin Best , popularly known as Killaboi , is set to commence today, Thursday, January 15, 2025. ___________________ RELATED : K!llaboi & Austa: The Billionaire Punter, The Model, and the M8rder That Shook Social Media! ___________________ Mrs. Cordelia Okonye, mother of the late Augusta Onuwabhagbe, confirmed the development in a post on her social media page, stating that the matter would be heard at the High Court, Tafawa Balewa Square, Lagos. Best is accused of killing 21-year-old Onuwabhagbe, a student of Lead City University, at his residence located at No. 24a Abiola Apooyi Street, Oral Estate in Ajah, Lagos, in July 2023. He reportedly fled the country shortly after the incident and was declared wanted by Nigerian authorities. He was arrested in Qatar in February 2025 and later extradited to Nigeria in April 2025 to face trial. Share this story
Read more

Uganda Shuts Down Internet as President Museveni seeks to extend 40 year rule

By Michael Ehindero
Image
Uganda has been plunged into a nationwide digital blackout on Tuesday evening as the government ordered internet service providers to sever connections just two days before a pivotal general election. The formal directive from the Uganda Communications Commission cited the need to curb misinformation, electoral fraud, and potential incitement to violence as justifications for the shutdown.  While government officials privately confirmed the order to AFP, the administration has avoided making a public announcement, reportedly to distance itself from the controversial decision. The timing of the disconnection heightens tensions as President Yoweri Museveni seeks to extend his four-decade rule against a familiar challenger, singer-turned-politician Bobi Wine. The blackout, which commenced at 6:00 pm local time, marks a stark reversal of recent government promises. Authorities had previously dismissed reports of an impending shutdown as "false" rumors designed to sp...
Read more

The IRS Computer Malfunctioned due to Taxes I paid - Elon Musk

By Michael Ehindero
Image
World's richest man Elon Musk in a new tweet quoted that the IRS (Internal Revenue Service) couldn't process his taxes because of the numbers involved and had to update their software before it could be processed I paid so much in taxes one year that it broke the IRS computer (actually). Too many digits. They had to update the software to get it processed. https://t.co/pyUNJWFMwr — Elon Musk (@elonmusk) January 1, 2026 He made this tweet quoting a X user who tweeted saying 'the rich already pay more than their fair share of taxes'. According to a check by Grok, Elon Musk's personal federal and state tax payments are estimated at over $20 billion (e.g., $12B in 2021, $8B+ in 2022 from stock sales). His companies have received about $38 billion in government contracts, subsidies, tax credits, and incentives as of 2025.  Share this story
Read more

Impeachment Proceedings Against Governor Fubara Begin in Rivers Assembly

By Michael Ehindero
Image
The Rivers State House of Assembly has commenced impeachment proceedings against Governor Siminalayi Fubara and his deputy, Ngozi Oduh . During Thursday’s plenary, presided over by Speaker Martins Amaewhule and broadcast live on Channels Television, the House Majority Leader, Major Jack, read out a notice of allegations and gross misconduct against the governor. The notice, signed by 26 lawmakers, cited breaches of the Nigerian Constitution. Speaker Amaewhule stated that the notice would be formally served on Governor Fubara within seven days. Deputy Majority Leader Linda Stewart also presented a separate notice of allegations against Deputy Governor Oduh. Both notices were issued pursuant to Section 188 of the 1999 Constitution. Among the accusations against Fubara were the demolition of the Assembly complex, extra-budgetary spending, withholding funds due to the Assembly Service Commission, and refusal to comply with a Supreme Court ruling on legislative financial auto...
Read more

Negligence in a Nigerian Hospital caused the death of my 21 month old son - Chimamanda Adichie

By Michael Ehindero
Image
Eminent Nigerian author Chimamanda Ngozi Adichie has alleged medical negligence in the death of her 21-month-old son, Nkanu Nnamdi, who passed away on Wednesday, January 7, 2026.  Adichie’s media team confirmed to ARISE News on Saturday that the author penned a detailed statement of the incident, which was originally shared privately with family and close friends before becoming public. In the statement, Adichie said her son was taken to Euracare Hospital for an MRI scan and the insertion of a central line. He was sedated for the procedure but allegedly not properly monitored after being administered propofol, resulting in severe complications, including loss of responsiveness, seizures, and cardiac arrest. She stated that her son “would be alive today if not for an incident at Euracare Hospital on January 6th,” where he was taken for medical procedures. Adichie explained that her family had been in Lagos for Christmas when her son developed symptoms they initially a...
Read more

52 AAU Students Arrested at Midnight and Jailed over Kidnapping Protests [WATCH]

By Michael Ehindero
Image
A high court has remanded 52 students of Ambrose Alli University (AAU) , following a protest against local insecurity that turned violent in Ekpoma, Edo State. The demonstration was initially organized by residents to decry a recent surge in killings and kidnappings. However, the situation escalated as mobs looted commercial shops and vandalized the ancestral palace of the Onojie of Ekpoma. _______________________ _______________________ While police moved in to restore order, several students claimed they were caught in a dragnet. Many reported being arrested during a 3:00 AM raid on their hostels, maintaining they were asleep when security agents arrived.  The suspects were transported to the court in a police van, where anxious relatives gathered to await the hearing. Presiding Judge, Justice William Aziegbemi, declined to grant bail, citing a lack of jurisdiction over the matter. He directed the defense team to file formal bail applications at the Ubiaja High Cour...
Read more

X officially Suspends @twitter Account

By Michael Ehindero
Image
Elon Musk 's X has officially suspended the iconic @ twitter handle in a move that marks the final symbolic severance from its past. The account, dormant since Elon Musk’s $44 billion takeover, now displays a "Rule Violation" notice, though the company has not specified which policy was broken. The move marks a symbolic end for the "Blue Bird" era. Since the 2023 rebrand, Musk has steadily erased legacy features to make room for his "everything app" vision. While some see the suspension as a routine cleanup of inactive assets, others view it as the ultimate sunsetting of the Twitter brand. Neither Musk nor X leadership has commented on the deactivation. Share this story
Read more

Court grants former AGF Malami, Wife & Son 1.5 Billion Naira Bail

By Michael Ehindero
Image
Justice Emeka Nwite of the Federal High Court in Abuja on Wednesday granted bail to the former Attorney General of the Federation and Minister of Justice, Abdulaziz Malami , his wife, and his son. Each defendant was admitted to bail in the sum of ₦500 million, accompanied by stringent conditions intended to ensure their appearance for trial. The court's decision follows Malami’s period in the custody of the Economic and Financial Crimes Commission (EFCC), where he has been held since December 8. His detention followed a reported failure to satisfy administrative bail terms previously established by the commission. In his ruling, Justice Nwite mandated that each defendant must provide two sureties in like sum. These sureties are required to be owners of landed property within the high-brow Abuja neighborhoods of Asokoro, Maitama, or Gwarinpa. Furthermore, the court ordered the defendants to surrender their international passports and land title...
Read more

Former Ghanaian Finance Minister Ofori-Atta Detained by ICE in U.S.

By Michael Ehindero
Image
Kenneth Ofori-Atta , the former Finance Minister of Ghana, has been taken into custody by U.S. Immigration and Customs Enforcement (ICE), according to a statement released by his legal team on Wednesday. The 66-year-old former official, who served under President Nana Akufo-Addo from 2017 to early 2024, is currently being held at a detention facility in Virginia. The detention appears to center on Ofori-Atta’s immigration status. His lawyers clarified that while he has a pending petition to regularize or extend his stay in the United States, federal authorities moved to detain him earlier this week. Ofori-Atta has resided in the U.S. for over a year, a period his legal team says was necessary for him to undergo medical treatment, including surgery for prostate cancer. This development follows an intensifying legal battle between Ofori-Atta and the Ghanaian government. In February 2025, authorities in Accra declared the former minister a fugitive after he failed to appear f...
Read more

Most Read Stories From Past Month

Trial of K!llaboi who allegedly mvrdered his Girlfriend to begin today

By Michael Ehindero
Image
The trial of Nigerian internet punter Benjamin Best , popularly known as Killaboi , is set to commence today, Thursday, January 15, 2025. ___________________ RELATED : K!llaboi & Austa: The Billionaire Punter, The Model, and the M8rder That Shook Social Media! ___________________ Mrs. Cordelia Okonye, mother of the late Augusta Onuwabhagbe, confirmed the development in a post on her social media page, stating that the matter would be heard at the High Court, Tafawa Balewa Square, Lagos. Best is accused of killing 21-year-old Onuwabhagbe, a student of Lead City University, at his residence located at No. 24a Abiola Apooyi Street, Oral Estate in Ajah, Lagos, in July 2023. He reportedly fled the country shortly after the incident and was declared wanted by Nigerian authorities. He was arrested in Qatar in February 2025 and later extradited to Nigeria in April 2025 to face trial. Share this story
Read more

Uganda Shuts Down Internet as President Museveni seeks to extend 40 year rule

By Michael Ehindero
Image
Uganda has been plunged into a nationwide digital blackout on Tuesday evening as the government ordered internet service providers to sever connections just two days before a pivotal general election. The formal directive from the Uganda Communications Commission cited the need to curb misinformation, electoral fraud, and potential incitement to violence as justifications for the shutdown.  While government officials privately confirmed the order to AFP, the administration has avoided making a public announcement, reportedly to distance itself from the controversial decision. The timing of the disconnection heightens tensions as President Yoweri Museveni seeks to extend his four-decade rule against a familiar challenger, singer-turned-politician Bobi Wine. The blackout, which commenced at 6:00 pm local time, marks a stark reversal of recent government promises. Authorities had previously dismissed reports of an impending shutdown as "false" rumors designed to sp...
Read more

52 AAU Students Arrested at Midnight and Jailed over Kidnapping Protests [WATCH]

By Michael Ehindero
Image
A high court has remanded 52 students of Ambrose Alli University (AAU) , following a protest against local insecurity that turned violent in Ekpoma, Edo State. The demonstration was initially organized by residents to decry a recent surge in killings and kidnappings. However, the situation escalated as mobs looted commercial shops and vandalized the ancestral palace of the Onojie of Ekpoma. _______________________ _______________________ While police moved in to restore order, several students claimed they were caught in a dragnet. Many reported being arrested during a 3:00 AM raid on their hostels, maintaining they were asleep when security agents arrived.  The suspects were transported to the court in a police van, where anxious relatives gathered to await the hearing. Presiding Judge, Justice William Aziegbemi, declined to grant bail, citing a lack of jurisdiction over the matter. He directed the defense team to file formal bail applications at the Ubiaja High Cour...
Read more

Impeachment Proceedings Against Governor Fubara Begin in Rivers Assembly

By Michael Ehindero
Image
The Rivers State House of Assembly has commenced impeachment proceedings against Governor Siminalayi Fubara and his deputy, Ngozi Oduh . During Thursday’s plenary, presided over by Speaker Martins Amaewhule and broadcast live on Channels Television, the House Majority Leader, Major Jack, read out a notice of allegations and gross misconduct against the governor. The notice, signed by 26 lawmakers, cited breaches of the Nigerian Constitution. Speaker Amaewhule stated that the notice would be formally served on Governor Fubara within seven days. Deputy Majority Leader Linda Stewart also presented a separate notice of allegations against Deputy Governor Oduh. Both notices were issued pursuant to Section 188 of the 1999 Constitution. Among the accusations against Fubara were the demolition of the Assembly complex, extra-budgetary spending, withholding funds due to the Assembly Service Commission, and refusal to comply with a Supreme Court ruling on legislative financial auto...
Read more

Court grants former AGF Malami, Wife & Son 1.5 Billion Naira Bail

By Michael Ehindero
Image
Justice Emeka Nwite of the Federal High Court in Abuja on Wednesday granted bail to the former Attorney General of the Federation and Minister of Justice, Abdulaziz Malami , his wife, and his son. Each defendant was admitted to bail in the sum of ₦500 million, accompanied by stringent conditions intended to ensure their appearance for trial. The court's decision follows Malami’s period in the custody of the Economic and Financial Crimes Commission (EFCC), where he has been held since December 8. His detention followed a reported failure to satisfy administrative bail terms previously established by the commission. In his ruling, Justice Nwite mandated that each defendant must provide two sureties in like sum. These sureties are required to be owners of landed property within the high-brow Abuja neighborhoods of Asokoro, Maitama, or Gwarinpa. Furthermore, the court ordered the defendants to surrender their international passports and land title...
Read more

The IRS Computer Malfunctioned due to Taxes I paid - Elon Musk

By Michael Ehindero
Image
World's richest man Elon Musk in a new tweet quoted that the IRS (Internal Revenue Service) couldn't process his taxes because of the numbers involved and had to update their software before it could be processed I paid so much in taxes one year that it broke the IRS computer (actually). Too many digits. They had to update the software to get it processed. https://t.co/pyUNJWFMwr — Elon Musk (@elonmusk) January 1, 2026 He made this tweet quoting a X user who tweeted saying 'the rich already pay more than their fair share of taxes'. According to a check by Grok, Elon Musk's personal federal and state tax payments are estimated at over $20 billion (e.g., $12B in 2021, $8B+ in 2022 from stock sales). His companies have received about $38 billion in government contracts, subsidies, tax credits, and incentives as of 2025.  Share this story
Read more

"E no go better for you" Tiwa Savage comes for X Influencer who questioned why her son looked unhappy [WATCH]

By Michael Ehindero
Image
Afrobeats star Tiwa Savage on Tuesday called out X influencer Dami Foreign for what she described as an intrusion into her personal life after he questioned why her five-year-old son, Jamil, appeared unhappy. _______________________ _______________________ Dami Foreign had previously posted a video on X which Tiwa Savage could be seen in a crowd twerking with her son Jamil beside her. He captioned it "Omo, why is Tiwa Savage son frowning" Tiwa accused the influencer of pursuing a paid agenda aimed at damaging her image and strongly warned him against involving her child in public commentary. She also invoked a curse saying ' E no go better for you' and dared him to make further posts about her son, threatening to escalate the matter beyond social media. Share this story
Read more

X officially Suspends @twitter Account

By Michael Ehindero
Image
Elon Musk 's X has officially suspended the iconic @ twitter handle in a move that marks the final symbolic severance from its past. The account, dormant since Elon Musk’s $44 billion takeover, now displays a "Rule Violation" notice, though the company has not specified which policy was broken. The move marks a symbolic end for the "Blue Bird" era. Since the 2023 rebrand, Musk has steadily erased legacy features to make room for his "everything app" vision. While some see the suspension as a routine cleanup of inactive assets, others view it as the ultimate sunsetting of the Twitter brand. Neither Musk nor X leadership has commented on the deactivation. Share this story
Read more

Peter Obi Defects to ADC from LP

By Michael Ehindero
Image
Peter Obi , the Labour Party’s presidential candidate in the 2023 general election, has officially defected to the coalition-backed African Democratic Congress (ADC). Obi announced his decision in Enugu on Wednesday, December 31. The former Anambra State governor said the move, ahead of the 2027 general election, is aimed at transforming and rescuing Nigeria. “We are ending this year with the hope that in 2026 we will begin a rescue journey,” he declared. We will resist rigging of election by every lawful means in 2027", he said. Share this story
Read more

Negligence in a Nigerian Hospital caused the death of my 21 month old son - Chimamanda Adichie

By Michael Ehindero
Image
Eminent Nigerian author Chimamanda Ngozi Adichie has alleged medical negligence in the death of her 21-month-old son, Nkanu Nnamdi, who passed away on Wednesday, January 7, 2026.  Adichie’s media team confirmed to ARISE News on Saturday that the author penned a detailed statement of the incident, which was originally shared privately with family and close friends before becoming public. In the statement, Adichie said her son was taken to Euracare Hospital for an MRI scan and the insertion of a central line. He was sedated for the procedure but allegedly not properly monitored after being administered propofol, resulting in severe complications, including loss of responsiveness, seizures, and cardiac arrest. She stated that her son “would be alive today if not for an incident at Euracare Hospital on January 6th,” where he was taken for medical procedures. Adichie explained that her family had been in Lagos for Christmas when her son developed symptoms they initially a...
Read more