Michael Ehindero's Blog

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

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 ...

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

JP Morgan is being forced to Cough Up $115 Million for Fraudster Charlie Javice’s Legal Bills! In a jaw-dropping twist, JP Morgan Chase has been ordered to pay a massive $115 million legal bill for convicted scammer Charlie Javice, the ex-startup darling who duped the bank with a fake student-loan empire . The eye-watering sum covers Javice’s defense costs roughly two-thirds of the $175 million JPMorgan splashed out in 2021 to buy her bogus company, Frank. Javice pulled off the con by claiming Frank boasted 4.25 million users, when in reality, the platform had fewer than 300,000. Her lies unraveled spectacularly, landing her a seven-year prison sentence last week. Despite firing Javice after uncovering the fraud, JPMorgan is now legally bound to foot her legal tab. Court filings confirmed the payments following a Delaware court’s ruling that the bank must advance costs tied to the ill-fated merger. Former prosecutor Kevin O’Brien called the payout a “huge, huge number,” a...

_____________________ Venmo is owned by PayPal since its parent company Braintree was acquired for $800 million in 2013. ______________________ For years, Venmo and PayPal , two of the biggest names in digital payments, have operated separately, forcing users to rely on clunky workarounds to send money between the two. But that’s about to change. According to an email sent to Venmo customers, starting in November, Venmo and PayPal users will be able to pay each other, both in the U.S. and worldwide. PayPal users will be able to find and pay you using your phone number,” the company wrote, adding that email support will come later. It’s a long-overdue feature, especially considering PayPal owns Venmo a fact that’s left many users scratching their heads for years. Some speculate PayPal may have delayed integration to keep people using both apps separately. ________________________ If you’d rather not be discoverable by PayPal users, you can adjust your privacy settings in V...

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....