Mexican tycoon overtakes Bill Gates as world's richest
Carlos Slim has overtaken Bill Gates. Discuss. Photograph: Roberto Velazquez/AP
Microsoft founder Bill Gates looks to have lost his title as the world's richest man, toppled from top spot by the Mexican telecoms tycoon Carlos Slim.
Three months ago the cigar-chomping Mr Slim quietly slipped past legendary US investor Warren Buffett to take second place in the global wealth league.
Now, thanks to a surge in the shares of his America Movil group, Mr Slim has claimed pole position, according to the Mexican online financial publication, Sentido Común.
It was Sentido Común's founder, Eduardo Garcia, who highlighted Mr Slim's rapidly rising wealth in April, although by his calculations the Mexican had not only beaten Mr Buffett in the wealth stakes by then but also edged past Mr Gates.
Now, however, Mr Garcia says there is no doubt that the little-known Mexican has finally captured the coveted top slot, following a surge in America Movil's shares over the second quarter. This is estimated to have boosted his fortune to an estimated $67.8bn (£33.6bn) - equivalent to 8% of Mexico's gross domestic product - compared with $59.2bn for the Microsoft mogul, putting him in the lead by a decisive $8.6bn.
GALIB
PGDM 3rd sem
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