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Rockefeller, Nizam of Hyderabad, Musk Top Global Wealth Rankings Across Decades

World’s richest title shifts from oil and royalty to tech, as Musk becomes first-ever trillionaire in 2026 milestone

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World’s richest title shifts from oil and royalty to tech, as Musk becomes first-ever trillionaire in 2026 milestone

The evolution of the world’s richest individuals from 1900 to 2026 has witnessed a dramatic shift in the sources of wealth, moving from heavy industry and royal treasuries to the modern technology sector. This global trend reflects changing economic realities and has seen figures like John D. Rockefeller, Mir Osman Ali Khan, J. Paul Getty, and most recently Elon Musk hold the title at different times.

At the start of the 20th century, John D. Rockefeller established himself as the world’s wealthiest man through his control of Standard Oil in the United States. Even after antitrust actions forced a breakup of his company in 1911, Rockefeller’s net worth continued to rise due to increased value of the separated companies. By today’s calculations, his fortune would surpass $400 billion. He retained this position until his death in 1937, despite periods of economic downturn such as the Great Depression.

With Rockefeller’s passing and amid the aftermath of World War II, Mir Osman Ali Khan, then Nizam of Hyderabad in present-day India, became globally recognised for his enormous inherited wealth and state treasury filled with gold, silver and rare jewels. In February 1947, TIME magazine named him the world’s richest individual with an estimated fortune of $2 billion at that time—equivalent to tens of billions in today’s value.

From the post-war era into the late 1970s, American oil magnate J. Paul Getty dominated global rich lists by capitalising on new energy concessions secured in the Middle East. His immense petroleum-based fortune was matched by a reputation for frugality until his death in 1976.

The late 1980s saw a brief shift eastwards when Japanese real estate investor Yoshiaki Tsutsumi became the world’s richest during Japan’s asset bubble peak. More recently, fortunes have been built on digital innovation and technology platforms. Elon Musk reached an unprecedented milestone in 2026 by becoming the first person ever to amass a trillion-dollar fortune through ventures spanning software, electric vehicles and space technology.

These changes highlight how advances in industry and shifts in economic power have redefined what it means to be wealthy on a global scale. Experts say Nigeria and other developing economies can learn from these trends by diversifying beyond traditional sectors into emerging areas such as tech innovation.

Source: https://www.pulse.ng/story/world-richest-man-every-decade-2026061514490601835

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Nigeria News (Standard)

Osun PDP Rift and Accord Party Deregistration Threaten Governor Adeleke’s Re-Election Bid

Fresh internal disputes and INEC’s deregistration of Accord Party create new hurdles ahead of Osun 2026 governorship poll

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June 15, 2026

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Fresh internal disputes and INEC’s deregistration of Accord Party create new hurdles ahead of Osun 2026 governorship poll

Governor Ademola Adeleke’s chances of securing a second term as Governor of Osun State have come under fresh threat as a result of renewed crisis within the Peoples Democratic Party (PDP) in the state and the recent deregistration of Accord Party by the Independent National Electoral Commission (INEC). These developments are unfolding at a crucial time, with the next governorship election drawing nearer.

The PDP in Osun State has been grappling with internal disagreements, with various factions disagreeing over party leadership and strategy. This infighting has raised concerns among party supporters about unity ahead of the 2026 polls. At the same time, INEC’s announcement on the deregistration of Accord Party — a party that previously provided alternative platforms for aggrieved politicians — is set to reshape political alignments in Osun.

These challenges come as Governor Adeleke prepares to consolidate his political base for re-election. The internal tussle within PDP threatens to weaken its electoral strength, while Accord Party’s removal from the ballot reduces options for potential defectors or coalition partners. Analysts say these factors could embolden opposition parties such as All Progressives Congress (APC), who are seeking to regain power in Osun State after losing in 2022.

PDP chieftains have urged warring factions to close ranks for party cohesion. Meanwhile, some stakeholders worry that unresolved disputes may force dissatisfied members to decamp to rival parties or withdraw support altogether. Opposition figures have welcomed INEC’s action on Accord Party, arguing it will clarify the political landscape ahead of elections.

As campaigns for 2026 approach, Governor Adeleke faces mounting pressure to unite his party and navigate a changing field. Political observers believe how he manages these internal crises and responds to new realities will be pivotal for PDP’s fortunes in Osun State.

Source: https://www.premiumtimesng.com/news/headlines/887932-from-pdp-crisis-to-accord-deregistration-adelekes-re-election-bid-faces-fresh-threat-at-critical-time.html

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AUN Suspends Dean of School of Law in Yola After Report Raises Concerns

University management takes disciplinary action following recent PREMIUM TIMES investigation into faculty conduct

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June 15, 2026

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University management takes disciplinary action following recent PREMIUM TIMES investigation into faculty conduct

The American University of Nigeria (AUN), located in Yola, Adamawa State, has suspended the Dean of its School of Law after a recent media report brought issues concerning the faculty’s leadership to light. The suspension was confirmed on Monday, 15 June 2026, following an internal review by the university’s management.

According to sources within the institution, the decision to suspend the dean came shortly after PREMIUM TIMES published a story highlighting concerns about administrative practices within the School of Law. The university administration acted swiftly, stating that maintaining high ethical and professional standards is essential for all staff members.

The development has stirred discussion among students and academic staff at AUN, with many expressing hope that the move will lead to greater accountability and transparency in the university’s operations. The School of Law is one of AUN’s prominent faculties and plays a significant role in legal education within North-East Nigeria.

A spokesperson for AUN explained that the suspension is part of ongoing efforts to uphold institutional integrity, but did not give further details on the allegations or duration of the disciplinary action. The spokesperson said: “The university remains committed to investigating all issues thoroughly before taking final decisions.” Attempts to reach the suspended dean for comment were unsuccessful as at press time.

The university’s governing council is expected to appoint an acting dean pending conclusion of investigations. Stakeholders are watching developments closely as AUN reaffirms its commitment to providing a safe and ethical environment for teaching and learning.

Source: https://www.premiumtimesng.com/news/headlines/887915-aun-suspends-school-of-law-dean-after-premium-times-story.html

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Nigeria News (Standard)

NDLEA Auctions Forfeited Lagos Hotel, Properties for ₦6.15bn

Proceeds from property sale set to boost federal coffers as anti-narcotics agency intensifies asset recovery efforts

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June 15, 2026

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Proceeds from property sale set to boost federal coffers as anti-narcotics agency intensifies asset recovery efforts

The National Drug Law Enforcement Agency (NDLEA) has auctioned a hotel and other assets in Lagos State, collectively valued at ₦6.15 billion, following a court order of forfeiture. The public auction, which took place on Monday in Lagos, is part of the agency’s ongoing drive to dispose of properties seized from individuals convicted or accused of drug-related offences.

According to officials, the assets include a major hotel within the state as well as additional landed properties and vehicles, all previously confiscated under anti-narcotics laws. The NDLEA said the process was conducted transparently under the supervision of relevant government agencies and in line with legal requirements.

The agency’s spokesperson stated that the auction demonstrates government’s resolve to deprive drug traffickers of proceeds derived from criminal activity. In recent years, NDLEA has ramped up asset seizures as part of a broader crackdown on illicit drug trade across South-West Nigeria.

Stakeholders welcomed the development, noting that recovered funds would be remitted to government treasury and could be channelled towards public sector priorities. However, some legal practitioners have called for even stricter oversight of asset disposal processes to ensure accountability and prevent future abuses.

With this latest auction concluded, NDLEA has reiterated its commitment to pursuing financial assets linked to narcotics crimes nationwide. The agency urged members of the public with information on hidden assets or illegal activities to come forward as investigations continue.

Source: https://www.premiumtimesng.com/news/top-news/887921-ndlea-auctions-forfeited-lagos-hotel-other-properties-for-n6-15-billion.html

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