News
World’s Richest Man, Bernard Arnault Loses $11bn in One Day But is Still Richer Than Tesla CEO Elon Musk By $12bn
The world’s richest man and CEO of Moët, Hennessy, Louis Vuitton (LVMH), Bernard Arnault, lost $11.2 billion in one day, but is still wealthier than Elon Musk.
Musk is the second richest man in the world, with a net worth of £180 billion, $12 billion less than the 74-year-old CEO’s own $192 billion.
LVMH, which encompasses brands such as Louis Vuitton, Tiffany & co., and Christian Dior took a 5% hit to its share price on Tuesday, according to Bloomberg.
The stock blow is the biggest the company has seen in over a year. Before the stock drop, Arnault’s net worth was $203 billion on Monday — $23 billion above Musk’s.
The LVMH mogul’s net worth soared by $29.5 billion over the course of the last year, which can be attributed to the company’s stock rising by 35% during that time.
As per Bloomberg, the stock’s fall caused the European Luxury sector to be slashed by roughly $30 billion.
Despite the struggle, LVMH’s share price is still up 23% for the year. The MSCI Europe Textiles Apparel & Luxury Goods Index has also risen to 27%, Bloomberg reported.
Following Musk’s Twitter buyout in October 2022, his wealth took a steep drop, and he lost his position as the world’s richest man to Arnault.
The purchase knocked his net worth down to $126 billion from $340 billion.
Amazon CEO Jeff Bezos currently sits at number three in Bloomberg’s Billionaires Index – a $41 billion gap from Musk.
The renewed agreement reinforces the longstanding partnership between the artist and the label. It positions Chadreek for the next phase of his career with enhanced support across music production, distribution, marketing, and international expansion.
Known for his smooth vocal delivery and consistent output, Chadreek has steadily cultivated a dedicated following through standout records including Ori Mi (featuring Seyi Vibez), Better Dayz, Awure, and his earlier project No Bad Vibe. The renewed deal is expected to accelerate his momentum as he prepares new music and broadens his presence across Africa and global markets.
A source close to the camp confirmed that both parties are fully aligned on a clear vision for the artist’s next chapter, with a strong emphasis on high-quality releases and strategic growth.
This renewal marks another significant milestone in Chadreek’s journey as he continues to establish his place within the Afrobeats landscape.
About Chadreek
Chadreek is a Nigerian singer and songwriter signed to SauceBoi Music. He is recognised for his distinctive voice and a growing catalogue of Afrobeats records that blend melody, emotion, and street energy.
About SauceBoi Music
SauceBoi Music is a UK-based record label committed to developing and promoting talent across the Afrobeats and broader African music scenes.
Josh2Funny’s Album Has Fans Talking — But Should He Stick To Music Or Skits? 😂🎶
Nigerian comedian and content creator Josh2Funny has taken his comedy game into music, and Nigerians are definitely having something to say about it.
The comedian released his 15-track album, “On Behalf of Josh,” on July 10, 2026, but instead of fading away after release, the project has continued to generate conversations on X.
And the big question now is:
Should Josh2Funny continue with music or go back to skits? 😂
Fans have been divided. While some listeners openly criticized the album and told him to return to comedy, others found songs they genuinely enjoyed.
One X user joked:
“Josh2Funny stopped doing skits and started music, Everybody wan chop this music money 😂”
Another simply said:
“This Josh2Funny Album no enter make he just go back skit abeg 😂”
But then came “Lembe.” 🔥
The track caught fire on X and eventually became a trending topic in Nigeria. The #LembeChallenge also gained momentum as creators began jumping on the song.
Josh2Funny later announced ₦1 million for winners of the challenge, giving the song another major push.
And it didn’t stop there.
‘INTERNATIONAL’ FT. ICE PRINCE ALSO TRENDED
On another day, “International” featuring Ice Prince generated its own buzz on X.
One fan even called it their favourite song from the album, while praising the collaboration. The post itself pulled thousands of views, showing that people weren’t only talking about Lembe.
From album criticism to trending songs and challenges, “On Behalf of Josh” has kept Josh2Funny’s name in the conversation.
Whether you love the album or think he should return to skits, one thing is clear:
Josh2Funny has succeeded in getting Nigerians talking. 😂🔥
So, let’s settle this once and for all:
Should Josh2Funny continue with MUSIC 🎶 or return to SKITS 😂?
Music or Skits? Drop your answer! 👇
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