Oh Boy see Levels

It was another record year for American wealth: The aggregate net worth of the richest 400 Americans was $2.29 trillion, up $270 billion from a year ago. It took a minimum net worth of $1.55 billion to make The Forbes 400, $250 million more than in 2013.

Oh boy, this people get serious cash ooo , am just wondering when they started making this bar , this facebook boy sef follow join the matter, anyway , we dey come ..

Nigerian Mogul Tony O. Elumelu Floats $9 Million Empowerment Fund For Distressed Communities

Wealthy Nigerian banker Tony O. Elumelu has floated  a $9 million Fund to empower and support residents of distressed communities across Nigeria.

The Elumelu Nigeria Empowerment Fund is an outcome of a $16 Million pledge the businessman made in July during a Presidential Fundraising Dinner for the Victims Support Fund, an initiative that was established by Nigerian President Goodluck Jonathan to provide relief for those who have been adversely affected by insurgency and conflict in Nigeria over the last few years.  Elumelu had immediately disbursed N1 billion (approximately $6.1 million) to the Victims Support Fund shortly after making the pledge, while the remaining N1.5 billion now serves as the initial seeding for the Elumelu Nigeria Empowerment Fund. According to a press release issued by the Tony Elumelu Foundation, the Fund will focus on helping to revitalize the economies of post conflict and disaster communities across Nigeria.

The fund was officially launched on Thursday in Abuja by President Goodluck Jonathan, who applauded Elumelu for his generosity.

 

Credit: Forbes

America's Top Givers In 2013

1. Bill & Melinda Gates



 

A ten-figure net worth confers the freedom to donate big bucks to your favorite causes, so it’s no surprise some of America’s richest people are also its leading philanthropists.

In partnership with the Boca Raton, Fla.-based Philanthropic Research Institute, FORBES calculated which Americans gave the most to charity in 2013. We looked beyond money pledged and only counted gifts that reached end recipients in the last calendar year. We didn’t count gifts donors made to their own family foundations — until that money was put to use. We limited our scope to living donors.

Facebook Closes $19 Billion WhatsApp Deal

Facebook says it has wrapped up its landmark $19 billion acquisition of WhatsApp, a deal that was hashed out in Mark Zuckerberg’s house over the course of a few days in February and sealed over a bottle of Jonnie Walker scotch.

WhatsApp has continued to run its operation completely independently since then, but the closing of the deal marks the start of a gradual integration as Facebook gives the world’s biggest mobile messaging service legal and administrative support and — eventually, we can presume — finds new ways to monetize the company it spent more than Iceland’s GDP on.