Thursday, July 05, 2007

Carlos Slim Helu is Now World's Richest

Bill Gates has lost it at last – He’s given up his number one slot to Carlos Slim Helu the Mexican telecom mogul who is now worth a staggering $68 billion. Carlos is at the helm of Telmex, América Móvil and Grupo Carso. Bill Gates is currently worth $59 billion.

How did Carlos move up? Telecommunications is booming and his company América Móvil’s stock has jumped rapidly in the past few months adding to his fortune. It is estimated that Carlos Slim and his family have an 8% share in Mexico’s GDP. Carlos had last year overtaken Warren Buffett of Berkshire Hathaway to take the second place. Let’s hope Carlos also gives away his fortune to charity much like Gates and Buffett.

For now Gates is no longer at the top - Enough Bill, you have enjoyed the view from the top for long enough. Move over!