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Elon Musk Historic World’s First Trillionaire

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–World’s first trillionaire on Friday,
–Estimated net worth about $1.11tn, according to Bloomberg

By Michael Lim

Elon Musk was Friday declared by Bloomberg as the world’s first trillionaire following the record-breaking stock market debut of his company, SpaceX. Now, he is well above wealthy billionaires lists, including Google co-founders Larry Page and Sergey Brin, Amazon founder Jeff Bezos, and boss of French luxury goods group LVMH, Bernard Arnault.

A relatively not-well established entrepreneur, he first made waves in the tech industry in the late 1990s.

Indeed in January 2020, he apparently was the 35th richest person in the world, with a fortune of around $28bn.
But his wealth took off that year as the value of his two biggest companies – electric carmaker Tesla and space exploration and AI firm SpaceX – began to grow sharply. Musk also holds large stakes in both businesses.

The long-scroll chart below traces this volatile journey over the last six years. His wealth trajectory looks much like a jagged mountain range, with dramatic surges and steep declines characterised by swings in Tesla’s share price, the rising value of SpaceX, and shifts in political and investor sentiment during his time in the Trump administration.

However, by January 2021, the tech mogul had risen to become the world’s richest person, briefly overtaking Jeff Bezos.

But his fortune dipped in 2022 amid a downturn in US tech stocks, and fell sharply again in early 2025, as investor concerns over his role in the Trump administration coincided with a slump in Tesla’s share price.

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But after every fall, like a determined fighter, he comes back stronger.

In 2026, the whole world has seen the face of a trillionaire once an only imaginary feat, courtesy of his hitech SpaceX.

Now, he is almost four times richer than his nearest rival Larry Page, and more than five times richer than Meta boss Mark Zuckerberg.

But what does a thousand billion dollars (that’s a one followed by 12 zeros) actually look like? The unimaginable sum, dot by dot, compares his total wealth to other high-profile figures, USA government spending budgets and luxury assets.

It’s important to remember that Musk’s wealth is mainly made up of stock holdings that can rise or fall depending on investor sentiment. Indeed in February, the tech mogul said on X that less than “0.1%” of his net worth was held in cash.

Musk currently owns a 12% stake in Tesla, a company with a market valuation of around $1.5tn, and a 42% stake in SpaceX, which is now worth more than $2tn.
Many of his shares have been pledged as collateral against personal loans.

The tech boss also owns stakes in smaller businesses, including The Boring Company, a tunnel construction firm, and Neuralink, which develops implantable brain-computer interfaces.

This extreme reliance on paper assets rather than liquid cash creates a striking imbalance. The horizontal block of his wealth is almost entirely consumed by two massive corporate holdings, leaving virtually no room for actual cash.

Historically, the world’s wealthiest individuals earned fortunes in sectors like finance and manufacturing. Today, the global rich list tells a completely different story.

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The expanding blue blocks show how completely tech titans have monopolised the top spots over the last decade.

Back in 2015, only two of the world’s top 10 richest people were from the tech world. Now that number is seven, including the entire top six.

Furthermore, SpaceX’s historic public listing on the Nasdaq created an estimated 4,400 millionaires, with about 400 individuals making over $100 million. The company compensated employees with equity for years, with the IPO windfall transforming many non-traditional tech workers—such as welders and recovery boat engineers etc—into overnight millionaires.

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Agunloye’s Alleged $6b Mambilla Project Fraud :  Witness Affirms Authenticity of Prosecution’s Exhibit

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By Michael Lim

The trial of the former Minister of Power, Olu Agunloye, continued on Thursday, June 18, 2026 before Justice Jude Onwuegbuzie of the Federal Capital Territory High Court, Apo, Abuja with the Sixth Prosecution Witness, PW6, Iliya John Iyakwari, denying under cross-examination by defence counsel, Adeola Adedipe, SAN, that there is an extract of the Federal Executive Council meeting of May 21, 2003, different from the  one, marked Exhibit EFCC 3K which he certified and was tendered in evidence by the prosecution.

Agunloye is facing prosecution by the Economic and Financial Crimes Commission, EFCC on amended seven-count charge, bordering on official corruption and fraudulent award of Mambilla Power Project contract to the tune of $6billion (Six Billion United States Dollars) to Sunrise Power Transmission Company Limited.

Further in the cross-examination, the defence counsel applied that Exhibit EFCC 3D be shown to the witness which met an objection from the prosecution counsel, Abba Mohammed, SAN on the ground that the witness cannot be cross-examined on a document that he is not the maker.

“My lord, our objection is anchored on the Supreme Court authority in Buhari Vs INEC and others. I object to this application because this witness is not the maker, neither was it tendered through him .We further rely on Palladium Mining Ltd & Gekpan Nigeria Limited 2003,” he said.

The Thursday’s proceedings brought the cross-examination of the witness, a former assistant director, Legal in the Federal Ministry of Justice, now serving in the Federal Ministry of Power as an assistant legal adviser to conclusion.

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Justice Onwuegbuzie adjourned the matter till July 2, 2026 for further hearing.

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Alleged $41,000 Romance Scam:  EFCC Calls Witness in Trial of Edidiong James in Uyo

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The Economic and Financial Crimes Commission, EFCC,  Uyo Zonal Directorate,  has called its first witness,  Deputy Superintendent of EFCC,   DSE Unyime P. Moses  in the trial of an alleged romance scammer,  Edidiong Nsidore James.

Moses told Justice Maurine Oyetenu of the Federal High Court  sitting in Uyo,  Akwa Ibom State,  that the evidence of James’ alleged involvement in the $41,000 love scam was discovered in his mobile phone.  Explaining further,  the witness  stated that the communication between  the defendant and his victim,  Elizabeth,  whom he often called ‘My Everything’, had details of the alleged monetary exchange between them.

According to Moses,  the chat evidence printed from the defendant’s phone revealed that when the victim demanded that her money be refunded to her, the defendant failed to comply. Instead, he demanded for more money under various guises, insisting that the additional money must be sent to him, to enable him release her $41,000 to her. “Send me $900 if you want your money back, because if you don’t send me the $900, I won’t give you your money back”,  James said in their chat.

Moses also told the court that, when the victim threatened to report him to the EFCC,  the defendant boasted to her that the EFCC cannot arrest him: “Did you really think the EFCC could arrest me?  I remember I once told you that all this won’t help us, that you sent me $900, but you refused. So,  tell me, how long will it take you to stop thinking you can arrest me.”

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While giving her evidence-in-chief, the PW1 told the court that the defendant used pseudo names to defraud his victims, and also identified himself as ‘Jessy James’ when he was arrested.  She said a BVN check was immediately conducted and it was confirmed that Jessy was a fake name.

The witness also told the court that all pleas from the victim to the defendant to refund her money fell on deaf ears as James kept demanding for more money.  Elisabeth once pleaded in one of her chats with  James: “at the end of August, the bailiff will take my apartment and because of you, I will be on the street with my child. I will never forgive you for this. If you do this to me, to whom you said you love, then what will you do to the one you don’t love? I don’t need your pity and I don’t need any feelings at all from you. I need my $41,000”

The PW1 also narrated how she went ahead to put a call across to the victim who responded, but got angry the instant she mentioned the name of the defendant.  Moses said the victim rained curses on her and called the entire country ‘corrupt’. “Don’t ever call me again, your entire country is as corrupt as Jessy and I do not wish to speak with any of you again, except through my country’s Embassy”

After  the cross-examination, the court adjourned to September 22 and 23, 2026, for further hearing.

James  was arrested at his residence located at Ring Road 3, off Camp Gee, Uyo, Akwa Ibom State, in an intelligence- driven sting operation on October 8, 2025. Items recovered from the defendant include an iPhone 15 Pro Max, a Redmi 13 mobile phone, and a Lexus ES350, which were all tendered as exhibits by the prosecution counsel,  Joshua Abolarin and were all admitted in evidence.

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During a forensic examination of the said gadgets, incriminating communications between the defendant and his victim were discovered in the devices revealing how he had allegedly been defrauding Elizabeth for over three years through a romance scam and extorting money from her. Further probe revealed that he had received a total sum of $41,000 from his victim and was still demanding more.

While interrogated,  James stated that he owned a BetNaija shop which he said he established in 2021. He further claimed that he engaged in boosting social media accounts, by increasing followers. According to him, he charged between ₦30,000 and ₦40,000 per account and has boosted about 20 accounts for his online clients. However,  no evidence was found to substantiate his claim of operating a social media account boosting business, and no proof that any client had sent login details to him for account boosting services.

Further investigation revealed that the suspect was actively involved in internet fraud, specializing in romance scams and identity theft. Findings showed that he used fictitious Facebook and WhatsApp accounts to communicate with his  victims,  including Elizabeth.  Investigations also established that his victims were foreign nationals and not Nigerians as he had earlier claimed.

Although the suspect claimed that he only benefited $4,000 from Elizabeth,  a Hungarian, conversations retrieved from his devices revealed that he received way more than the amount he claimed.

James was first arraigned on January 30, 2026, and pleaded ‘not guilty’ to the three-count charges preferred against him by the Commission.

One of the charges reads:

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“That you, Edidiong Isidore James ( a.k.a Jessy Isidore James), on or sometime in February 2025 in Akwa Ibom State, within the jurisdiction of this Honourable Court, with intent to defraud, did obtain the total sum of Forty-One Thousand United States Dollars ($41,000 USD), property of Elizabeth (‘My Everything’) and other unsuspecting victims, under the pretence of trading in Bitcoin/Forex Trading, which pretence you knew to be false, and thereby committed an offence contrary to Section 1(1)(c) of the Advance Fee Fraud and Other Fraud Related Offences Act, 2006 and punishable under Section 1(3) of the same Act.”

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The Happiest City in The World

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—It Excels at Work-life Balance, Sustainability, and Quality of Life
From extensive public transit and paid leave to strong civic participation, Copenhagen offers a model for urban well-being.

How do you define happiness? Good health, career success, a sense of community and purpose? What about the happiness of a city? Judging from the Happy City Index’s latest report, the criteria may not be that different.

Each year, the index shares its analysis of the world’s happiest communities, reviewing 1,000 cities based on 64 distinct indicators and highlighting places that “combine quality of life, sustainability, and long-term development strategies.” And this year, Copenhagen, Denmark, takes first place.

The Danish capital scored 6,954 total points on the index’s scale, edging out Helsinki, Finland (6,919) and Geneva, Switzerland (6,882) to claim the top spot—although the team behind the index explains that the goal isn’t to declare a single “best” city. Rather, by celebrating cities that “combine good governance, sustainability, resilience, and quality of life in a way that offers a more balanced picture of urban development,” their successes can serve as a guide for other cities to draw inspiration and ideas from.

The Essential Guide to Copenhagen .
The top 50 cities on the Happy City Index are labeled the Gold Group, a distinction that “recognizes cities that demonstrate a consistently high standard of performance across the six dimensions of the Index: Citizens, Governance, Environment, Economy, Health, and Mobility,” the report says. And you can see these dimensions clearly reflected in Copenhagen’s stats.
For example, according to the index, 70 percent of trips made around the Danish city are completed via green transportation, compared to a global average of 45 percent. The city’s public transport ridership clocks in at 496 rides per capita annually, against an average of just 194, and road traffic accidents are nearly half the index average (likely because everyone is taking those eco-friendly public transit options instead).

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Economically, Copenhagen residents earn 161 percent above the national average, unemployment sits at 3.62 percent (versus 5.58 percent globally), and workers receive 52 weeks of paid parental leave at 50 percent salary or more, which is more than double the index average of 24 weeks.

Mental health indicators and work-life balance in Copenhagen are also quite strong. Residents average a solid 25 paid vacation days per year and work about 39 hours per week—slightly less than the global average. The city also has active mental health and well-being strategies in place, the report noted, along with a formal plan to address hate speech and cyberbullying.

Moreover, Copenhagen has proven to be both a global and a civic-minded city. Here, 86 percent of the population can speak a foreign language, and voter turnout in the last local election hit 65.6 percent, well above the 49.8 percent average.
Of course, no place is perfect: the index noted that Copenhagen’s waste generation per resident and air pollution levels both run slightly above the index average. But in the end, the city offers the best overall support for its citizens’ long- and short-term happiness of any municipality in the study.

Copenhagen is joined in the top 10 by a number of Scandinavian cities, with Helsinki, Finland; Uppsala, Sweden; Trondheim, Norway; Malmö, Sweden; and Aarhus, Denmark, all ranking highly. Perhaps it’s time to plan a trip—and plan to take a few notes while you’re there?
Yahoo

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