October 6, 2025 | Bloomberg Report
The world’s billionaire leaderboard has shifted once again — and this time, it’s Elon Musk making headlines for setting a new record, while Aliko Dangote, Africa’s richest man, has also advanced in global ranking.
According to Bloomberg’s Billionaires Index, Elon Musk has officially reclaimed his position as the world’s richest man, after a surge in Tesla and SpaceX valuations pushed his net worth beyond $250 billion — a new all-time record.
🚀 Musk Breaks Billionaire Record
Musk’s wealth jump follows a fresh funding round for SpaceX, now valued at over $230 billion, and rising optimism around Tesla’s next-generation AI-driven vehicles. Analysts say this historic rise cements his dominance not just in technology, but in global financial influence.
“Elon Musk has set a new benchmark — his companies are defining the future of both mobility and space innovation,” Bloomberg noted.
💰 Dangote’s Steady Rise
Meanwhile, Aliko Dangote — Africa’s wealthiest man — has also climbed the global billionaire chart, now ranked among the top 100 richest men in the world.
The development follows the continued growth of the Dangote Refinery, which has begun full-scale operations and positioned Nigeria as a key player in Africa’s energy market.
Economists note that Dangote’s rise represents a positive signal for African industrialists, proving that global wealth expansion isn’t limited to Western economies.
📈 Global Shifts in Wealth
Other notable changes in the latest Bloomberg ranking include:
- Jeff Bezos maintaining second place with $196 billion
- Bernard Arnault sliding to third amid slowing luxury sales in Europe
- Mark Zuckerberg and Larry Ellison rounding out the top five
🇳🇬 Africa’s Economic Symbol
Dangote’s continued presence among the global elite has been celebrated across Nigeria, with many seeing his success as a symbol of resilience and entrepreneurship in Africa’s private sector.
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