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Bill Gates No Longer World’s Richest Man

Discussion in 'General Discussions and Lounge' started by Lovely, Jul 7, 2007.

  1. Lovely

    Lovely Senior Member Webmaster

    Mexican telecom tycoon, Carlos Slim Helu has overtaken Microsoft founder Bill Gates as the richest person on the planet, the Mexican financial website Sentido Comun has reported.

    Sentido Comun said the Mexican billionaire's wealth had rocketed past Gates following the red-hot performance of his telecommunications firm, America Movil.
    US-based Forbes magazine, renowned for its rankings of the world's wealthiest individuals, updated its listings in April to rank Slim as the second richest individual in the world, as he beat the legendary US investor Warren Buffett.
    The Mexican financial website said Slim's lead over Gates amounted to billions of dollars.

    Thanks to a 26.5 per cent rise in the shares of America Movil during the second quarter. Slim, who controls a 33-percent interest in Latin America's largest mobile phone company, is substantially richer than Gates," Sentido Comun said.

    "The difference between their two fortunes is around nine billion dollars in favor of Slim," the financial website claimed.
    It said it had based its calculations largely on the share price movements of companies controlled by Slim.
    The website said soaring performances from Slim's other business interests had also helped propel him past Gates.
  2. gkd_uk

    gkd_uk Moderator Moderator Webmaster

    Some good info there - Thanks Lovely
  3. Lovely

    Lovely Senior Member Webmaster

    Before I read this news I dont think anybody can overtake Bill Gates as the richest person in the world, but it has come to pass now.

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