Michael Ehindero's Blog

Elon Musk is on his way to becoming the world's first trillionaire &   could secure a record $1 trillion (£761bn) pay package, the largest in corporate history after 75% of Tesla shareholders approved a new performance-based plan. To earn it, Musk must lead Tesla to produce 20 million vehicles and one million AI-powered robots over the next decade, while also boosting profits and naming a successor. __________________________ READ ALSO : Elon Musk now worth $500 Billion as he Takes the Spot as Richest Man on the Planet Once Again¡ __________________________ If all targets are met, his ownership could rise from 13% to nearly 29%. Musk , 54, already tops Forbes’ rich list with $493bn (£375bn) still short of history’s richest man, John D. Rockefeller , whose wealth in today’s terms was $630bn (£480bn) . Share this story

Model and beauty entrepreneur Hailey Bieber says she plans to safeguard the proceeds from her recent business milestone, a landmark deal in which e.l.f. Beauty agreed to acquire her skincare brand, Rhode , for up to $1 billion. Following the sale, the 28-year-old revealed she intends to set aside the funds for her and husband Justin Bieber ’s 14-month-old son, Jack Blues Bieber . “I want to preserve that for my son’s future,” Bieber said in an interview published Oct. 14, noting that the financial scale of the acquisition is new territory for her. “It’s an amount of money that I have not dealt with before, so I just want to be smart with it.” Despite her recent financial windfall, this deal does not make Hailey Bieber a billionaire yet. Share this story

Aliko Dangote , Africa's wealthiest individual, has reached a net worth of $30 billion as of October 23, 2025, according to the Bloomberg Billionaires Index. This significant milestone caps a strong year for the Nigerian magnate, whose fortune has swelled by $2.16 billion since the start of the year.  ________________________________ RELATED : [GRAPHIC VIDEO] Dangote Truck Kills 10, Including Pregnant Woman in Ondo State¡¡¡ (Viewer Discretion Advised) ________________________________ Just days before hitting the mark, Dangote's net worth stood at $29.8 billion. A recent surge saw a $430 million valuation gain help push him over the edge. The impressive financial rise aligns with the continued expansion of the Dangote Group's industrial empire, notably the completion of a major cement plant in Côte d’Ivoire. Located in Attingué, about 30 km north of Abidjan, the $160 million facility spans 50 hectares and boasts an annual capacity of three million metric tonnes....

Balvinder Singh Sahni , better known as “Abu Sabah,” once filled his Instagram feed with flashy supercars and extravagant shopping sprees a symbol of his opulent Dubai lifestyle. But the Indian businessman’s lavish days have come crashing down. A Dubai court has ordered Sahni and his co-defendants to pay Dh150 million (₹358 crore) in a massive money laundering case that has stunned the UAE. He was earlier sentenced to five years in prison, fined ₹1 crore, and will be deported immediately after serving his term. View this post on Instagram A post shared by Balvinder Sahni (Abu Sabah) ابو صباح (@balvinder_sahni) According to The National, which cited court documents, investigators uncovered that Sahni had laundered funds hidden in digital currencies such as Bitcoin between October 2018 and January 2019. The probe by Abu Dhabi’s State Security Agency revealed that the scheme involved 30 individuals working with organized crime networks in the UK...

Elon Musk achieved yet another major milestone Wednesday, becoming the first ever person worth $500 billion. The richest person on the planet is now worth $500 billion, as of Wednesday, 1st October, Musk, who became the first person ever worth $400 billion or more in December, is $150 billion ahead of runner-up of Oracle's Larry Ellison and half-way to becoming the world’s first trillionaire. Shares of Tesla climbed by nearly 4% Wednesday, adding an estimated $9.3 billion to Musk’s fortune, as investors continue to celebrate the prospect of a refocused Musk. The EV maker’s stock price has nearly doubled since Musk first announced on the company’s April earnings call that he would be stepping back from his role as head of President Trump’s Department of Government Efficiency (DOGE) to spend more time on Tesla.  With Tesla’s market cap back within 10% of the all-time high it hit in December, Musk’s 12% stake in the company is now worth $191 billion....