Elon musk takes back world's richest man title after gaining almost $10 bilion in a day

Billionaire, Elon Musk bounced back strongly to become the world’s richest man after a daily gain of $9.81 billion on Wednesday, February 24.

Tesla, Musk's company surged back to $190 billion, after the electric car company’s shares recorded impressive gains of 6.18%, thereby putting the market value of Tesla at $712 billion coupled with the SpaceX he founded completing another funding round, pushing him atop the Bloomberg Billionaires Index for the third time in 2021.

The gains pushed Musk past Amazon founder, Jeff Bezos, who is now worth $185 billion and had a few days ago reclaimed the title as the world’s richest person after Tesla shares plunged to record levels.

Tesla Inc stocks were on a record buying spree at Wednesday’s trading session, indicating that global investors are buying the dip following a four-day plunge that erased the world’s most valuable car company year-to-date gains.

Recent reports say SpaceX raised another $850 million this month from a group of leading institutional investors led by Sequoia Capital.

Such investment now puts SpaceX’s valuation at $74 billion, a 60% jump from August, and helped boost Musk’s net worth by about $11 billion, according to the index.

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Alleged Lagos deadly cult leader "okoko danger" arrested

The Lagos State Police Command says it has arrested a suspected leader of the Aiye confraternity, a secret cult group in the state, who it identified simply as Shola. The suspect was said to be widely known in cult circles in the Mile 2-Badagry expressway axis as Okoko Danger. The Command announced it also arrested four other suspected members of the dreaded gang, namely Idris Musa, 19; Oluwaseyi Oguntobi, 23; Ramon Adebimpe, 18; and Saheed Kareem, 19. The police alleged that Shola, who they described as “’a deadly and notorious armed robber”, was behind the many killings in the Okokomaiko, Igando, Isheri-Osun and Ikotun areas of the state. The Lagos State Commissioner of Police, Hakeem Odumosu, told journalists yesterday at the Command Headquarters, Ikeja, that on February 27, 2020 at about 4.20pm, police operatives from the Special Anti-Robbery Squad, acting on credible intelligence, stormed a hideout at Iyana-Iba, where Shola and his gang members were said to be hibernating. “Four l...

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Femi Otedola appointed Vice President of Save The Children.

Mr Femi Otedola was invited by the Save the Children to join the prestigious group of its Vice Presidents, in recognition for his philanthropic efforts to better the lives of children in Nigeria. Save the Children’s Vice Presidents are a group of high-level supporters and critical friends of the organisation, actively involved in advancing the work of Save the Children, through advocacy, volunteerism, introductions, and philanthropy. Save the Children works in 117 countries around the world in both humanitarian and development settings. The organisation works in partnership with philanthropists, governments, the United Nations, and other NGOs in pursuit of its global mandate to support children and their families in crisis and to ensure children can learn, survive and enjoy a protective environment so that they can reach their full potential in life. Mr. Femi Otedola’s addition to the Vice Presidents group is a testament to his long-standing support to the organization...

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