Connect with us

Headline

10 World Richest Persons As Of January 2024

Published

on

The net worth of the 10 wealthiest individuals on earth has increased by $30 billion in just one month, reaching a total of almost $1.47 trillion as of January 1, Forbes reports.

Mark Zuckerberg made a significant jump in the rankings, moving up to the No. 5 spot from his previous position on December 1 as the 7th richest person in the world.

Advertisement

He has surpassed Bill Gates who held the title of the world’s wealthiest individual for a significant period.

Elon Musk continues to hold the title of the wealthiest individual globally, with a net worth of $251 billion.

The CEO of Tesla also holds stakes in SpaceX, a privately held rocket firm, and social media company X, formerly known as Twitter.

Advertisement

In December, the software tycoon behind Oracle, Larry Ellison, experienced a significant decline in his fortune.

READ ALSO: No Option For Next Generations On Africa’s Debts, Obasanjo Laments

With Oracle’s stock dropping by 10%, Ellison’s wealth plummeted by $11.2 billion, making him the biggest loser among the top ten. Ellison maintains his position as the fourth richest person, with a net worth of $135.3 billion.

Advertisement

Below is the full list of the richest individuals in the world as of January at 12:00 am. according to a Forbes report on Thursday.

1. Elon Musk

Musk serves as the CEO of Tesla, an electric car company, SpaceX, a rocket firm, and X, a social media company previously known as Twitter. With a significant stake in Tesla, he has strategically utilised his stock and options, even using some as collateral for loans. A significant portion of his wealth is attributed to the car company. In October 2022, he made a significant purchase of X, which was then known as Twitter, for $44 billion.

Advertisement

He is currently believed to possess approximately 74% ownership of this prominent social media company. However, according to Forbes, it is worth noting that the current value of the company is now less than half of what he initially paid for it.

2. Bernard Arnault

Bernard Arnault, the CEO and chairman of LVMH, has successfully established the largest luxury goods company globally, boasting an impressive portfolio of around 70 fashion and cosmetics brands.

Advertisement

Some of the most well-known brands include Louis Vuitton, Christian Dior, Moet & Chandon, and Sephora. In January 2021, LVMH made a significant acquisition by purchasing jeweller Tiffany & Co. for $15.8 billion.

READ ALSO: NNPC, Marketers Deny Fuel Price Increase To N1,200 Per Litre

3. Jeff Bezos

Advertisement

Jeff Bezos founded Amazon in 1994 and served as its CEO until July 2021, while continuing as chairman. In July of that year, he embarked on a space journey aboard a rocket developed by his private space exploration company, Blue Origin, which he has generously supported with substantial investments. In December 2023, his wealth increased by $5.8 billion due to a rise in the value of Amazon shares.

4. Larry Ellison

Larry Ellison co-founded software firm Oracle in 1977 and led it as CEO until 2014. Currently, he holds the position of chairman and Chief Technology Officer at the company. In recent years, Oracle has made a number of significant acquisitions, one of which was the acquisition of Sun Microsystems in 2010 for $7.4 billion.

Advertisement

5. Mark Zuckerberg

In 2004, Zuckerberg co-founded what is now known as Meta Platforms during his time as a student at Harvard University. With 3.88 billion monthly users, it has become the largest social network in the world. In addition to its platform, the company also has ownership of Instagram and WhatsApp, which were acquired and significantly expanded. Mark Zuckerberg, the CEO of Meta, led the company to go public in 2012 and currently retains approximately 13% ownership.

6. Bill Gates

Advertisement

Gates was first recognised as a billionaire by Forbes in 1987. He held the title of the world’s richest person from 1995 to 2017, with the exception of 2008 and the years 2010 to 2013.

Due to his substantial contributions to the Gates Foundation, which amount to $59 billion, including a generous $20 billion gift in July 2022, he relinquished his title as the wealthiest individual in 2018, being surpassed by Jeff Bezos.

In 1975, Gates left Harvard to cofound Microsoft with his high school classmate Paul Allen, inventing one of the first personal computer software programmes. He served as CEO for 25 years and chairman until 2014. After leaving the board in 2020, he told Forbes in early 2023 that he still consults with Microsoft teams 10% of the time. He owns a lot of property in the U.S. and invests in dozens of firms, including Republic Services and Deere & Co.

Advertisement

READ ALSO: Igbo Behind Major Investments In Nigeria, Says Speaker

7. Warren Buffett

Warren Buffett, often referred to as the “Oracle of Omaha,” has established himself as one of the most accomplished investors in history. He is the head of the investing conglomerate Berkshire Hathaway, which boasts a diverse portfolio of companies such as Geico, Duracell, and Dairy Queen. From a young age, he demonstrated a keen interest in financial matters. Being the son of a U.S. congressman, he had the opportunity to delve into the world of stocks at the tender age of 11. He even took the initiative to file his taxes at the remarkably young age of 13.

Advertisement

8. Larry Page

Page, along with Sergey Brin, co-founded the search engine Google in 1998. He held the position of CEO from 2001 to 2011 and again from 2015 to present. He currently holds a position as a board member of Google’s parent company, Alphabet, and maintains majority ownership.

9. Sergey Brin

Advertisement

Sergey Brin resigned from his position as president of Alphabet, the parent company of Google, in December 2019. However, he still holds significant control as a major shareholder and continues to serve as a member of the board. He and Larry Page became partners in 1998, when they crossed paths at Stanford University during their pursuit of advanced degrees in computer science.

10. Steve Ballmer

Ballmer, who was a classmate of Bill Gates at Harvard University, became the 30th employee to join Microsoft in 1980. He served as the CEO of Microsoft from 2000 to 2014.

Advertisement

After leaving Microsoft, Ballmer made headlines by acquiring the Los Angeles Clippers team for $2 billion, setting a new record for the highest purchase price of an NBA team. According to recent reports, the team’s value has been estimated at $4.65 billion by Forbes.
PUNCH

Advertisement
Advertisement
Comments

Headline

Former NBA Player Ben McLemore Convicted Of Raping Incapacitated Woman

Published

on

An Oregon jury found former Houston Rockets guard Ben McLemore guilty on Thursday of raping a woman in while playing for the Portland Trail Blazers in 2021.

Deliberations lasting around 10 hours after an 11-day trial concluded with the jury in Clackamas County finding McLemore, 32, guilty on one charge of first-degree rape, one charge of first-degree unlawful sexual penetration and one count of second-degree sexual abuse. He was found not guilty on an additional count of second-degree sexual abuse.

Advertisement

McLemore pleaded not guilty to all four counts before the verdict. His sentencing is scheduled for 10:30 a.m. Wednesday, July 9.

READ ALSO:UK Police Charge Ex-Arsenal Midfielder Thomas Partey With Rape

The charges stem from a report of sexual assault in Lake Oswego, Oregon, on Oct. 3, 2021. McLemore was identified as a suspect during a police investigation.

Advertisement

A Clackamas County grand jury heard evidence in the case in February 2024, which included testimony from the woman who said McLemore assaulted her. He was indicted and an arrest warrant was issued, according to Lake Oswego police. McLemore was arrested by U.S. Marshalls two months later.

Clackamas County prosecutor Scott Healy reportedly told jurors the victim found herself being sexually assaulted by McLemore while partially conscious the morning after a party.

READ ALSO:UK ‘Was Informed Of US Strikes’ On Iran, Plans Evacuating Briton Out of Israel

Advertisement

Healy said that the victim had been drinking heavily at the party and had passed out on a living room couch at the party around 2 a.m.

McLemore’s attorneys reportedly disputed the victim’s account, claiming she had initiated sexual contact with McLemore and had consented to it. They also claimed that despite the victim and McLemore both being intoxicated, the victim was sober enough to consent.

McLemore played parts of two seasons with the Rockets from 2019-2021. He was the seventh pick in the 2013 draft out of Kansas and played for five teams across nine NBA seasons. After playing the 2021-2022 season with the Trail Blazers, McLemore went overseas to continue his playing career. He has played for teams in China, Greece, Spain and Turkey over the last three years.

Advertisement

 

Advertisement
Continue Reading

Headline

Russia Launches Largest Assault On Ukraine

Published

on

The Kremlin said on Friday that it sees no immediate diplomatic way out of the war in Ukraine, hours after launching its largest ever drone and missile barrage of the invasion.

The hours-long bombardments across Ukraine came just after a telephone call between the US and Russian presidents ended without any breakthrough.

Advertisement

AFP journalists in Kyiv heard drones buzzing over the capital and explosions ringing out throughout the night as Ukrainian air defence systems fended off the attack.

We are interested in achieving our goals in the course of the special military operation and it is preferable to do it by political and diplomatic means,” Kremlin spokesman Dmitry Peskov told reporters, referring to its invasion, launched in February 2022.

But as long as that is not possible, we are continuing the special operation,” he said in a briefing, including with AFP.

Advertisement

READ ALSO:Russian Strikes Kill Five In Ukraine

US President Donald Trump had said he made no progress in discussions one day earlier with President Vladimir Putin on ending the war, while the Kremlin vowed to pursue its war aims.

A senior Ukrainian official told AFP that Trump and Ukrainian leader Volodymyr Zelensky were planning to speak later on Friday.

Advertisement

Tymur, a Kyiv resident who said he had experienced previous Russian attacks, told AFP that the assault in the early hours of Friday was different.

Nothing like this attack had ever happened before. There have never been so many explosions,” he said.

– ‘War and terror’ –
Zelensky said air alerts had begun echoing out across the country as the Trump-Putin call was getting underway.

Advertisement

Yet again, Russia is showing it has no intention of ending the war and terror,” Zelensky said on social media.

READ ALSO:Children Killed As Russia Launches Largest Air Attack On Ukraine

All of this is clear evidence that without truly large-scale pressure, Russia will not change its dumb, destructive behaviour.”

Advertisement

He urged the United States in particular to increase pressure on Moscow, which on Friday announced fresh territorial gains on the front line with the capture of a village in the Donetsk region.

Poland said its embassy building in Kyiv had been damaged in the attack but that staff were unharmed.

Germany’s foreign ministry meanwhile said that the timing of the attack — just after the leaders’ call — showed that Moscow “continues to rely on brute force”.

Advertisement

Ukraine needs more to defend itself, not less,” the ministry said on social media.

A government spokesman said Germany was exploring the possibility of purchasing more Patriot air defence systems from the United States for Ukraine.

READ ALSO:Ukraine Worries Iran-Israel War Will Boost Russia’s Aggression

Advertisement

Zelensky said 23 people were wounded in the barrage, which the air force said comprised 539 drones and 11 missiles.

A representative of Ukraine’s air force told Ukrainian media that the attack was the largest of the Russian invasion, launched in February 2022.

– ‘Complete disregard’ –

Advertisement

Overnight Russia attacks have escalated over recent weeks.

An AFP tally found Moscow launched a record number of drones and missiles at Ukraine in June when direct peace talks between Kyiv and Moscow appeared to stall.

In Kyiv, AFP journalists saw dozens of residents of the capital taking shelter in a metro station.

Advertisement

Yuliia Golovnina, who said she shelters at the metro regularly, described to AFP the worry that comes with hearing an explosion during an attack.

Will there be another one? Will something collapse on you?” the 47-year-old said.

READ ALSO:Ukraine Worries Iran-Israel War Will Boost Russia’s Aggression

Advertisement

So in those seconds, you just hold your breath and wait to see what happens next,” she added.

In Kyiv, concerns mount over whether the US will continue delivering military aid, which is key to Ukraine’s ability to fend off the drone and missile barrages.

The US announced this week it was reducing some of its aid deliveries.

Advertisement

European Commission President Ursula von der Leyen said this was a clear signal that the 27-nation European Union needed to “step up”.

Ukraine has also ramped up its retaliatory strikes in Russia, where a woman was killed when a Ukrainian drone crashed into an apartment building, the acting regional governor in Rostov said.

Talks, spearheaded by the United States to secure a ceasefire, have stalled but Ukraine and Russia announced a fresh swap of prisoners of war with Ukraine.

Advertisement

The two sides said it was part of agreements reached during talks in Istanbul last month.

AFP

 

Advertisement

Continue Reading

Headline

We’re Ready To Start Gaza Ceasefire Talks ‘Immediately’ – Hamas

Published

on

Hamas said Friday it was ready to start talks “immediately” on a proposal for a ceasefire with Israel in Gaza, after holding consultations with other Palestinian factions.

The movement is ready to engage immediately and seriously in a cycle of negotiations on the mechanism to put in place” the terms of a draft truce proposal received from mediators, the militant group said in a statement.

Advertisement

READ ALSO: Hamas Attacks Aid Workers In Gaza, Kills Five

Advertisement
Continue Reading

Trending