Elon Musk has taken the top spot on Forbes’ 39th annual World’s Billionaires list, surpassing French luxury mogul Bernard Arnault.

Musk’s net worth skyrocketed 75% to $342 billion, driven by rising valuations of xAI, SpaceX and a strong performance by Tesla stock over the past year.

Despite a recent market dip, he remains the first person to surpass $300 billion in wealth.

This was disclosed in a statement released by Forbes on its Website on Tuesday. 

Forbes’ latest rankings show a record 3,028 billionaires worldwide, the highest since the list began in 1987.

Collectively, they are worth an unprecedented $16.1 trillion.

US President Donald Trump also saw a sharp rise in wealth, more than doubling his net worth to $5.1 billion. 

This growth comes from his Trump Media & Technology Group shares and profits from recent crypto ventures.

“It’s another record-breaking year for the world’s richest people, despite financial uncertainty for many and geopolitical tensions on the rise.

“And, from Elon Musk to Howard Lutnick and the other billionaires taking over the U.S. government, they’re growing more and more powerful,” said Chase Peterson-Withorn, Forbes’ Senior Editor for Wealth.

Following Musk, the top five billionaires on the list are:

• Mark Zuckerberg at No. 2 with $216 billion.
• Jeff Bezos at No. 3 with $215 billion.
• Larry Ellison at No. 4 with $192 billion.
• Bernard Arnault & family at No. 5 with $178 billion

The lawmaker representing Kogi Central Senatorial District, Senator Natasha Akpoti-Uduaghan, on Tuesday, urged Nigerians to hold Senate President Godswill Akpabio, Kogi State Governor Ahmed Ododo and his predecessor, Yahaya Bello, responsible if she and her supporters are attacked.

Akpoti-Uduaghan raised the alarm in a post via her official Facebook.

She said, “My dear people of Kogi Central, I look forward to our peaceful Sallah celebrations today.

“However, should we be met with or infiltrated by violence, Nigerians should hold Gov Òdodo, Yahaya Bello & SP Godswill Akpabio wholly responsible.”

Her warning comes a few hours after she vowed in a statement to go ahead with her scheduled visit to her constituency for the Eid-el-Fìtr break and the rally planned for her homecoming.

The senator also urged her supporters to disregard speculations making the round that she has cancelled her scheduled visit.

While stating that she has a statutory function in her capacity as the lawmaker representing her constituents, the embattled senator encouraged her supporters to troop out en masse to celebrate the Eid-el-Fitr with her.

On Monday, the Kogi State Government banned rallies and public gatherings in the state over ‘security reports’.

The government also stopped fishing and other activities, arguing that they recently resulted in the loss of two lives in Kasemiya, Katubo and Umozu Ette, all in Kogi Local Government Area in Kogi West.

The Commissioner for Information, Kingsley Fanwo said the move was to prevent any form of security breach that might destabilise the state.

Similarly, the Kogi Police Command warned Akpoti-Uduagan to cancel her planned Sallah rally.

Kogi State Commissioner of Police, Miller Dantawaye stated that the planned gathering goes against the state government’s recent ban on political gatherings, which was announced on Monday.

Meanwhile, videos of the purported rally for the homecoming of the senator have started making the rounds on social media.

As of the time of filing this story, one of the Kogi senators named, Bashir Haroon, shared a live feed showing hundreds of Akpoti-Uduaghan’s supporters, comprising mainly women singing and drumming in anticipation of her return.

The Human Rights Writers Association of Nigeria (HURIWA) has accused President Bola Ahmed Tinubu of fostering nepotism by extending the tenures of certain public officials, particularly those from the Yoruba ethnic group.

Naija News reports that the group claims that this practice undermines meritocracy and promotes tribalism in Nigeria’s national governance.

HURIWA’s criticism comes after the president approved the extension of Mrs. Kemi Nanna Nandap’s tenure as the Comptroller-General of the Nigeria Immigration Service (NIS) until December 31, 2026.

The group labelled the move as an “abuse of power” and questioned whether there were no other qualified officers within the service who could take on the role.

In a statement signed by HURIWA’s National Coordinator, Comrade Emmanuel Onwubiko, the group expressed its concern that President Tinubu was prioritizing ethnicity over competence in making key decisions about national leadership.

HURIWA argued that the decision to retain officials from predominantly Yoruba backgrounds suggests that capable candidates from other ethnic groups are being sidelined.

The group likened this to the nepotism of former President Muhammadu Buhari’s administration, which heavily favored Fulani appointees.

“This decision suggests that competent candidates outside the Yoruba ethnic group are being overlooked for strategic national positions. It mirrors the nepotism of the Buhari administration, which heavily favored Fulani appointees,” HURIWA said in the statement.

In addition to the NIS Comptroller-General’s extension, HURIWA also condemned the extension of Inspector General of Police (IGP) Kayode Egbetokun’s tenure.

The group criticized the amendment to the Police Act, which allowed Egbetokun to remain in office beyond the mandatory retirement age of 60, alleging that the decision was driven by ethnic and personal affiliations rather than adherence to public service rules.

HURIWA urged President Tinubu’s government to prioritize merit, competence, and patriotism over ethnic considerations. The group emphasized the need for inclusive governance that fosters national unity and fairness, rejecting what it sees as a trend of ethnic favoritism under the current administration.

“Merit, competence, and patriotism must be the guiding principles in our leadership appointments,” HURIWA concluded, reiterating its call for a fairer and more inclusive governance structure.

The World Bank has approved fresh loans for Nigeria under the leadership of President Bola Tinubu.

Naija News reports that the bank, on Monday, approved a total of $632 million for use in critical areas of Nigeria’s economy, including nutrition enhancement and provision of quality basic education.

A breakdown of the figures as made available on the World Bank website shows that $80 million was approved for the Accelerating Nutrition Results in Nigeria 2.0 initiative, and $552 million was approved to finance the HOPE for Quality Basic Education for All program.

These new loans are part of the World Bank’s broader plan to assist Nigeria’s development goals, with a focus on improving healthcare, education, and community resilience.

The anticipated loans are intended to bolster the government’s initiatives in enhancing nutritional outcomes and improving Nigerian children’s access to quality education.

Last Friday, the World Bank granted approval for a $500 million loan to Nigeria in order to bolster the country’s Community Action for Resilience and Economic Stimulus Programme.

The initiative, formally called the NIGERIA: Community Action for Resilience and Economic Stimulus Programme, aims to deliver crucial aid to households impacted by economic challenges and strengthen the resilience of communities.

The program focuses on supporting at-risk groups by providing financial assistance to families and small enterprises, aiming to alleviate the economic difficulties they encounter.