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Forbes unveils 400 richest Americans, list 44 newcomers, as Trump misses out again

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American business magazine, Forbes, over the weekend, said 44 newcomers joined its list of 400 America’s richest people in 2021.

Forbes disclosed this in a post on its verified Instagram page @Forbes, on Sunday.

It said the 400 richest Americans are now 40 percent richer than they were last year—worth a collective $4.5 trillion.

According to the magazine, those ranks had been bolstered by the addition of 44 new entrants, the highest number of newcomers since 2007.

“It is been a bumper year for billionaires as more than twice as many people joined the Forbes 400 this year compared to last year, with nearly two-thirds of them making their fortunes in finance and technology.

“This included technology stocks, cryptocurrencies and other assets that have thrived in the COVID era.

“The market’s wild swings and stunning rise since the early days of the COVID-19 pandemic had made many millennial avid investors, and nobody had benefited more from their obsession with meme stocks and crypto mania than a few of their young peers,” Forbes said.

In all, 15 members of the Forbes400 are under 40, up from 12 last year, with 44 of them appearing on the list for the first time.

The 15 included 29-year-old Sam Bankman-Fried, who is amassed an astonishing $22.5 bn via his FTX the cryptocurrency exchange.

Rival exchange Coinbase’s co-founders Brian Armstrong (38) at $11.5 bn and Fred Ehrsam (33) at $3.5 bn; Robinhood Markets’ 37-year-old co-founder Baiju Bhatt at $2.9 bn.

Mark Zuckerberg (37), by far the wealthiest person in this group with a $134.5 bn fortune.

Recall that the magazine had on Oct 5 reported that the former US President Donald Trump was now worth an estimated $2.5 billion, leaving him $400 million short of the cutoff to make this year’s Forbes 400 list.

Trump was just as wealthy as he was 12 months ago, when he stood at No. 339 on the ranking, but the real estate mogul was down $600 million since the start of the pandemic.

 

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Insecurity: S/West Muslims urge Nigerians to provide security agencies with credible information

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Muslims under the umbrella of Muslim Ummah of South-West Nigeria (MUSWEN) have advised Nigerians to supply credible information to security agencies in order to stem the tide of kidnapping, armed robbery and other criminal activities in the country.

A member of the Board of Trustees (BOT) of MUSWEN, Alhaji Kunle Sanni, issued the advice while speaking with journalists during the 6th General Assembly of the organisation.

The event themed “Insecurity in Nigeria: Effects on Human Psyche” held at the University of Ibadan on Sunday had MUSWEN President, Alhaji Rasaki Oladejo; MUSWEN Executive Secretary, Professor Muslih Yahya; and prominent Islamic scholars and associations across the region in attendance.

Sanni, while speaking on the security situation across the country, noted that Nigerians should not wait for security agents before they secure themselves.

He explained that it is not possible for security agents to be everywhere, hence Nigerians should volunteer information that could help them arrest the criminals.

Sanni, who added that criminals live among the people, said that the best way for people to protect themselves is to report suspicious movements to the security agencies.

He said, “Chief of Army Staff, Inspector General of Police and all the service chiefs cannot be everywhere and these criminals live among us, so we are concerned about the security situation in the country, we should give intelligence report to the security agencies.

“I am not suggesting that Nigerian should carry guns to defend themselves, if we are saying that we should carry guns to defend ourselves, we are escalating the tentacles of violence.

“So, I will not subscribe to the call that everyone should carry guns.

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“Every Nigerian should see himself as part of those who want to see the end of the ugly insurrection.

“Therefore, they should be involved to volunteer necessary information to the security agencies to assist in combating insecurity”.

A former Commissioner of Police, Dr. Olayinka Balogun, in his lecture entitled “Prevalence of Insecurity in Nigeria and its effect on human conduct” attributed weak government, politics of hatred, corruption, unemployment and breakdown of traditional institutions as major factors causing insecurity in the country.

He then recommended that government and stakeholders should ensure the provision of jobs for the unemployed, promote equity, justice and protect the rights of minorities in order to address growing incidents of kidnappings, armed robberies and other criminal activities in the country.

“Insecurity can be brought to a minimal level if the following essential political, economic and social policies and programs are introduced and sustained in a society.

“Development and consolidation of democratic culture, strong and capable public institutions, a strong and just economic space including guaranteed job and food security,” he said.

Insecurity: S/West Muslims urge Nigerians to provide security agencies with credible information

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Latest Update

S/West Muslims urge Nigerians to provide security agencies with credible information

Published

on

IMG 20211205 121009 417

Muslims under the umbrella of Muslim Ummah of South-West Nigeria (MUSWEN) have advised Nigerians to supply credible information to security agencies in order to stem the tide of kidnapping, armed robbery and other criminal activities in the country.

A member of the Board of Trustees (BOT) of MUSWEN, Alhaji Kunle Sanni, issued the advice while speaking with journalists during the 6th General Assembly of the organisation.

The event themed “Insecurity in Nigeria: Effects on Human Psyche” held at the University of Ibadan on Sunday had MUSWEN President, Alhaji Rasaki Oladejo; MUSWEN Executive Secretary, Professor Muslih Yahya; and prominent Islamic scholars and associations across the region in attendance.

Sanni, while speaking on the security situation across the country, noted that Nigerians should not wait for security agents before they secure themselves.

He explained that it is not possible for security agents to be everywhere, hence Nigerians should volunteer information that could help them arrest the criminals.

Sanni, who added that criminals live among the people, said that the best way for people to protect themselves is to report suspicious movements to the security agencies.

He said, “Chief of Army Staff, Inspector General of Police and all the service chiefs cannot be everywhere and these criminals live among us, so we are concerned about the security situation in the country, we should give intelligence report to the security agencies.

“I am not suggesting that Nigerian should carry guns to defend themselves, if we are saying that we should carry guns to defend ourselves, we are escalating the tentacles of violence.

“So, I will not subscribe to the call that everyone should carry guns.

IMG 20211205 121009 417

“Every Nigerian should see himself as part of those who want to see the end of the ugly insurrection.

“Therefore, they should be involved to volunteer necessary information to the security agencies to assist in combating insecurity”.

A former Commissioner of Police, Dr. Olayinka Balogun, in his lecture entitled “Prevalence of Insecurity in Nigeria and its effect on human conduct” attributed weak government, politics of hatred, corruption, unemployment and breakdown of traditional institutions as major factors causing insecurity in the country.

He then recommended that government and stakeholders should ensure the provision of jobs for the unemployed, promote equity, justice and protect the rights of minorities in order to address growing incidents of kidnappings, armed robberies and other criminal activities in the country.

“Insecurity can be brought to a minimal level if the following essential political, economic and social policies and programs are introduced and sustained in a society.

“Development and consolidation of democratic culture, strong and capable public institutions, a strong and just economic space including guaranteed job and food security,” he said.

S/West Muslims urge Nigerians to provide security agencies with credible information

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Man arrested for hacking Sound Sultan’s IG, impersonating wife after his death

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Brother to late Sound Sultan, Baba Dee has confirmed the arrest of a man who hacked into his brother’s account after death.

Baba Dee had on his Instagram account said the young man identified as Victor Majekodunmi hacked into the Sound Sultan’s account, posing as Farida, the singer’s wife to defraud people.

He said the suspect who deleted the singers’ memories on the page was now in police custody.

Baba Dee thanked Nigerians and the Lagos State Police Commissioner for his support in nabbing the criminal.

He wrote; ”This is the face of the scammer that hacked into my brother @soundsultan Instagram account after his death. His Name is victor Majekodunmi, a young with great potential yet so evil and heartless.

”I’m happy to announce that we have taken control of the account and he is presently cooling off in police custody. Thanks to everybody that showed concern and helped nab the young, hardened criminal.”

Recall that Sound Sultan passed away on Sunday, 11th of July after battling cancer.

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Man arrested for hacking Sound Sultan’s IG, impersonating wife after his death

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