Saturday, March 15, 2008

Slim’s rich pickings puts him on top of the world


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Who isSlim’s rich pickings puts him on top of the world the richest man in the world? That’s easy enough you think – isn’t it Bill Gates? Well, not really. It happens to be Carlos Slim, the Mexican tycoon, who’s now worth an estimated $67.8 billion (about whom it’s often joked that, “there’s nothing slim about Carlos Slim”!). At least, that’s what a Mexican financial tracker, Sentido Comun, claims. And it doesn’t seem to be a far-fetched claim at all, if you go by facts and figures. So read on. America Movil, which happens to be South America’s largest mobile phone operator, is controlled by Slim. The company recently had a 27% surge in share prices – and this has made that all-important difference in adding value to Slim’s personal wealth. He is now worth $8.6 billion more than Gates. In April, Forbes magazine reported that Slim had taken over the second spot in the world’s richest people list – by overtaking billionaire investor Warren Buffett; but obviously he was behind Gates. Just before that, Sentido Comun’s Eduardo Garcia claimed that Slim’s wealth was more than Gates’ – but by a very narrow margin. This is what Garcia had to say about this new development, which puts Slim in the driver’s seat in the riches stakes: “When I put Slim ahead three months ago, Forbes bumped him up to second place (in world ranking) a few days later… Let’s see if the same happens again.” So will Forbes publish the story of changing fortunes in its new list? Let’s wait and watch!

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