Bill Gates no longer world’s richest man

“Mexican tycoon Carlos Slim is the world’s richest man, worth an estimated $US67.8 billion, after overtaking Microsoft Corp founder Bill Gates, according to a respected tracker of Mexican financial wealth today,” The Herald Sun reports.

“A 27-percent surge in the share price of America Movil, Latin America’s largest mobile phone operator controlled by Mr Slim, from March to June made him close to $US8.6 billion wealthier than Mr Gates, said Eduardo Garcia in Sentido Comun, the online financial publication he founded,” The Herald Sun reports. “Mr Garcia estimated that Mr Gates was worth $US59.2 billion.”

Full article here.

“The Mexican billionaire has also made some savvy stock picks. In 1997, he bought about three percent of Apple Computer at 17 dollars a share shortly before the company launched its hit iMac computer. Twelve months later, Apple’s shares topped $100,” AFP reports.

Full article here.

Looks like Billy got his wish.

78 Comments

  1. HAHA!

    Bill you looooooooooosssssssssseeeeeeeeeerrrrrrrr!

    What’s it like not being the top dog anymore?

    Well, Microsoft has’nt been he top dog for 20+ years – but that’s another story…

  2. No wonder we pay so much for cell service here in Mexico, I guy controls #1 and # 2

    #1 in Mexico TelCell (part of Telmex) and #2 Movil

    it cost 26 cents a minute to call Cancun, 30 miles away, and 10 cents a minute to call a local number

  3. Kind of a lame MDN, piece. You can harp on Gates all you want for what Microsoft has done to the computing world, but he has done loads more than any of us have for humanitarian causes. And probably a lot more than Mr. Slim.

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