Business

10 Most Richest People in the world.

Published

9 months ago

March 8, 2024

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1. Elon Musk – $201 billion (as of October 2021) – Source of Wealth: Tesla, SpaceX, and other ventures
Elon Musk is a South African-born American entrepreneur and businessman who is best known as the founder, CEO, and lead designer of SpaceX and Tesla. In addition to these ventures, Musk has also founded companies such as PayPal and Neuralink, which have been instrumental in advancing technology in various fields.

2. Jeff Bezos – $191 billion (as of October 2021) – Source of Wealth: Amazon
Jeff Bezos is an American entrepreneur and businessman who is the founder and CEO of Amazon, the world’s largest online retailer. Bezos has also invested in other ventures, including Blue Origin, a space exploration company.

3. Bernard Arnault – $155 billion (as of October 2021) – Source of Wealth: LVMH
Bernard Arnault is a French businessman and the CEO of LVMH, a multinational luxury goods conglomerate. LVMH owns some of the world’s most iconic fashion brands, including Louis Vuitton, Dior, and Fendi.

4. Bill Gates – $135 billion (as of October 2021) – Source of Wealth: Microsoft
Bill Gates is an American entrepreneur, software developer, and philanthropist who co-founded Microsoft, one of the world’s largest software companies. Gates has also become a prominent philanthropist, donating billions of dollars through the Bill and Melinda Gates Foundation to support education, healthcare, and poverty alleviation.

5. Mark Zuckerberg – $124 billion (as of October 2021) – Source of Wealth: Facebook
Mark Zuckerberg is an American entrepreneur and the co-founder and CEO of Facebook, the world’s largest social media platform. Zuckerberg has also invested in other ventures, including the Chan Zuckerberg Initiative, a philanthropic organization that focuses on education and healthcare.

6. Larry Ellison – $100 billion (as of October 2021) – Source of Wealth: Oracle
Larry Ellison is an American entrepreneur and businessman who co-founded Oracle Corporation, a multinational computer technology corporation that specializes in developing and marketing software and hardware systems.

7. Larry Page – $97 billion (as of October 2021) – Source of Wealth: Google
Larry Page is an American entrepreneur and computer scientist who co-founded Google, the world’s largest search engine. Page has also invested in other ventures, including flying car company Kitty Hawk and autonomous vehicle company Waymo.

8. Sergey Brin – $95 billion (as of October 2021) – Source of Wealth: Google
Sergey Brin is a Russian-American entrepreneur and computer scientist who co-founded Google with Larry Page. In addition to Google, Brin has invested in other ventures, including biotech company 23andMe.

9. Steve Ballmer – $91.5 billion (as of October 2021) – Source of Wealth: Microsoft
Steve Ballmer is an American businessman and the former CEO of Microsoft. Ballmer is also the owner of the Los Angeles Clippers, a professional basketball team in the NBA.

10. Warren Buffett – $90 billion (as of October 2021) – Source of Wealth: Berkshire Hathaway
Warren Buffett is an American investor, business magnate, and philanthropist who is the CEO of Berkshire Hathaway, a multinational conglomerate holding company. Buffett is widely regarded as one of the most successful investors of all time.

Business

First Bank Denies Losing N7 Billion To Fraud Incident, Says Report Is Unfounded

Published

2 hours ago

December 14, 2024

Ekwutos Blog

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Ekwutosblog has gathered that the First Bank of Nigeria (FBN) has denied losing N7 Billion to a fraud incident in the course of the year.

This was a response to an earlier report by a news platform (not CITyNEWS) that the bank lost the aforementioned amount to a massive fraud incident that affected customers’ funds.

“First Bank, Nigeria’s oldest bank, was hit by a massive fraud incident that led to the theft of ₦7 billion from customer accounts by unknown persons, according to one person with direct knowledge of the matter. Three other persons who asked not to be named discussing sensitive company matters confirmed the incident.”

In a statement sent to this publication, First Bank described the report as unfounded as it wasn’t based on any factual event.

“Correction of Misleading Information Regarding Fraud Allegations.

“We have been made aware of a recent publication by Tech Cabal containing allegations of fraud involving our institution. We wish to categorically state that the story is entirely unfounded and not supported by any factual evidence.”

Over the years, First Bank has built a strong reputation around seamless banking, safety of customers’ funds, excellent customer service, and several others.

For six consecutive years (2011 – 2016), FirstBank was named “Most Valuable Bank Brand in Nigeria” by the globally renowned The Banker Magazine of the Financial Times Group and “Best Retail Bank in Nigeria” eight times in a row, 2011 – 2018, by the Asian Banker International Excellence in Retail Financial Services Awards.

In 2023, FirstBank received notable awards including “Best Private Bank for Sustainable Investing in Africa 2023” by Global Finance Awards; “Best Sustainable Bank in Nigeria 2023” by International Investors Awards; “Best Bespoke Banking Services in Nigeria 2023” by International Investors Awards; “Best Financial Inclusion Service Provider in Nigeria 2023” by ’ by Euromoney Awards and ‘’Most Innovative Banking Brand – Nigeria 2023’’ by Global Brands Award.

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Business

Some foodstuff traders and consumers in Lagos state have expressed excitement over the recent drop in the price of beans.

Published

16 hours ago

December 13, 2024

Ekwutos Blog

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Some foodstuff traders and consumers in Lagos state have expressed excitement over the recent drop in the price of beans.

The traders expressed their joy in separate interviews with NAN on Friday in Lagos.

According to the report, there has been a slight drop in the price of beans that has consistently risen in the past few months…

Business

Naira Gains ₦14.94 in Official Market, Improves in Parallel Trade

Published

17 hours ago

December 13, 2024

Ekwutos Blog

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The naira appreciated against the dollar in both the official and parallel foreign exchange markets on Thursday.

According to data from the Central Bank of Nigeria, CBN, the naira closed at N1,532 per dollar on Thursday, improving from N1,545 recorded on Wednesday.

Similarly, data from FMDQ showed that the naira strengthened to N1,534.35 per dollar on Thursday, compared to N1,549.29 traded the previous day. This represents an appreciation of N14.94 against the dollar.

At the parallel market, the naira also gained trading between N1,640 and N1,680 per dollar on Thursday, compared to N1,710 on Wednesday, according to Abubakar Alhassan, a Bureau de Change operator in Wuse 4, Abuja.

Akelicious reports that the naira has experienced fluctuations throughout the week.

This volatility follows the recent introduction of the Electronic Foreign Exchange Matching System, EFEMS, by the CBN, aimed at ensuring more transparent FX transactions.

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