“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.
time to pass the hat
Gates is in the closet wackin off.
Poor sap.
Best golfer = Black
Tallest Basketball Player = Chinese
Richest Man = Mexican
The end must be near!
MW: ‘foreign’
Looks like mobile phones are the future — who’da thunk it?!?
(oh yeah, and poor Bill)
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…
Where’s the Mac news in this? Stick to the supposed topic of you site….Mac News. Who really cares about Gate’s wealth.
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
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.
when the tallest basketball player is Japanese THEN you will know the end is near
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Maybe he ought to buy Mexico a decent government…
And I heard that his Movil service is illegally slipping into Texas and Arizona. It is Ok, though, it is only being received on phones that Americans won’t use.
Let me ‘splain it to you M…You see, Mr. Gates is a noted personality in the Computer Software industry. Apple (Mac) is also involved in this industry. In fact, the two are top competitors with each other. So, you see M, developments involving Mr. Gates can be of interest to many of those who are interested in Mac news. But hey! the good news is you don’t have to click on every story that appears on MDN! That’s right, you can actually choose to read only those stories that appeal to your interests! Hope I’ve helped sort things out for ya!
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Sadly, Mr. Slim is no more endearing than Mr. Gates, and even suggested that giving away a large fortune to help the world (as in Mr. Gates and Mr. Buffett’s philanthropy) was foolhardy.
but he (Gates) has done loads more than any of us have for humanitarian causes….
What a pile of ****, trickling money into “humanitarian causes” after taking billions from people with such methods as billing schools for number of computers (including Macintosh models). Oh yeah, the guy just HAS to be admired.
Where’s the Mac news in this?
M, you idiot, this site keeps tabs on the story arc of all thing Apple. Like many a good yarn, there are villains involved, and the Arch Villian, the head of the evil counter organization, the Anti-Jobs- is Bill Gates. News about him is therefore a part of the Apple story and will be fodder for the site. If you don’t like it, skip the post, skip the site, or start your own website. Nitwit.
He may be “Latin America’s largest mobile phone operator” but if he doesn’t get the iPhone contract from Apple, that may not last for long.
BTW – I wouldn’t mind being the 2nd richest man in the world. I’d even settle for being able to use the word “rich” and my name in the same sentence.
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At least I love my job.
If you thought that Gates made his money through an illegal monopoly, this guy makes him look like mother Teresa. What’s not mentioned in the article is how Carlos made his money. It all started with illegal insider trading in the Mexican stock market. Then he bought some mining facilities, then during the Carlos Salinas presidential term, Telefonos de Mexico got privatized, guess who was granted a favorable monopolistic deal. Funny, my uncle was just talking about how this guy was already narrowing the wealth gap with Gates, I thought it would take a bit longer thou. To amass this amount of wealth you have to step on someone feet.
mw “somewhat”
as in somewhat disappointed in chrissyone’s post.
Yup. All those “poor immigrants” calling home on their cell phones and wiring funds back to Mexico for what amounts to the 2nd largest chunk of Mexico’s GNP must have some effect.
I dunno Mac-Nugget.
One man’s stock tip is another’s insider trading. So because he bought mining facilities he’s a criminal?
You make him sound like a major shrewd player, not necessarily a bad guy.
Gates made one decision that cause him to become wealthy, the decision to lease DOS to IBM. Doesn’t make him evil, makes IBM stupid.
@ChrissyOne:
actually Slim is an Arab (originally)
@The Other Steve
You just don’t know what this guy owns. Have you walked in to a CompUSA. He owns them. His wealth is diversified so much that he could care less if he gets the exclusive with Apple. Besides, it’s the other way around, Apple needs the deal with him to sell the iPhone to Latin America.
@ crystal
I can’t win an Emmy every day, hon.
@ Allen
before you start worshipping gates and his foundations money go to the following and read the stories:
http://www.latimes.com/news/nationworld/nation/la-na-gatesx07jan07,0,6827615.story
If he had dealings with Salinas, he’s a crook
If its a GSM iPhone, it will be his
@ what
Ah, I didn’t know that. Hard to tell where the ‘Slims’ hail from!
mw “possible”
@ chrissyone
is it possible that it’s hard to tell because he’s brown?
@ crystal
Wouldn’t know, I’ve never seen a picture of him.
And if you’d like to talk about prejudice, I happen to know I thing or two.
i really don’t think Bill cares.
Carlos Slim invested 60 million dollars when Bill Gates puts 150 on Apple stock back in ’97 in the return of Steve.
He is a partner with Microsoft in México. There is a MSN site here called <a > T1MSN</a> .
He bought TELMEX from the government being a monopoly for quite some time. Today, despite the competition, TELMEX have the majority of wired lines in México, the main Internet provider (broadband) and the largest provider of cell phones.
Telefonica Movistar is a big Spanish company that is second in México.
There are rumors that both companies already talked directly with SJ for carrier iPhone in México. In some blogs they talks about Telcel to be the one here.
Also, as a rumor, the iPhone will be in México BEFORE Europe, maybe August or September.
MW eyes.
Nickbob says”M, you idiot, … Niwit” To which I retort …
Your intelligence is simply overwhelming… or should I say… underwhelming.
And sorry to @M … your explanation is about as meaningful. I guess the MDN tag line “Where Mac News Comes First” isn’t quite true if Gates is involved. You’re right. It’s time to move to a real Mac news site rather than a simple aggregator.
@ChrissyOne:
“Best golfer = Black
Tallest Basketball Player = Chinese
Richest Man = Mexican
The end must be near!”
You forgot: Best Rapper = white
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post from [May 09, 06 – 02:31 pm] – page 2 of above MDN link – warrants repeating
On the hero’s tomb is written
Not what he was, but what he should’ve been
And nothing you can do will change the circumstances
Just a mild infuriation with statistics of sin
MW: Window.
@ gzero
“You forgot: Best Rapper = white”
You’re right! I love Princess Superstar.
“Best golfer = Black
. . .
MW: ‘foreign'”
Since when did Black=foreign. Please explain for the benefit of all the blacks in the USA.
Tread carefully as you may have opened a can of worms. Unless of course, you are Native American.
Given the prevailing xenophobia here in the USA, it’s not just a little poetic that now the world’s richest man is a MEXICAN….with the name CARLOS.
Of course, knowing how Mexican women *love* to talk on the phone, it is no wonder that he’s raking it in — talktime is a vast renewable resource!
Since when did Black=foreign. Please explain for the benefit of all the blacks in the USA.
The reference is due to the fact that blacks were never known for being big-time golfers (mainly due to the fact that many country clubs kept them out).
Just as there have not been many seven foot NBA centers that were Chinese.
“Given the prevailing xenophobia here in the USA”
Uh, we aren’t Xenophobic we are “Law-breaking-aphobic, as in the term “illegal alien”. As in stealing Social Security numbers and identities, etc.
To one & all, Do not bash Mr. Gates in this particular context, he is putting alot of his wealth out there to help alot of people round the World, America included. If he had not done so, chances are, he might still occupy the top spot. If there is one thing he subscribes to, is that he cannot take that wealth with him to the great beyond.
Carry on the good work Mr. & Mrs Gates!
Let’s get something straight. It’s not xenophobia when your country takes in more folks every year than went through Ellis Island during its peak years of operation, and these folks: 1) Refuse to assimilate, 2) Smuggle in drugs 3) Don’t speak your language 4) Maim and murder the citizenry 5) Steal jobs 6) Don’t pay taxes 7) Trash the environment. There’s a good reason why folks are anti-illegal immigration — we’ve seen what it does. If anyone wants to come to the U.S, they’re welcome to, as long as they get in line, pass the test, and integrate. That’s no different than what we’ve asked of every other immigrant, brown, white, black, yellow, or whatever. The illegals feel that they are above the law, just like a majority of politicians do.
The answer is to make Social Security optional, and freaking seal the borders already.
duh, blacks are from Africa….
“Tread carefully as you may have opened a can of worms. Unless of course, you are Native American.”
As a matter of fact, 1/8th Cherokee, but I don’t like to crow about it.
And don’t bother baiting me, I’m way too smart. ;P
Jul 03, 07 – 02:15 pm – Not me.
Okay, if we’re starting this then I’m done. See ya, kiddies!
-c
MW: ‘sure’ (had enough)
Bill G’s “philanthropy” is 100% due to his wife Melinda… he was never even the least bit interested in “helping” others until pressured. He is, and always will be, a scumbag.
Thanks but ChrissyOne made three distinct references. Two of which were clearly about nationalities being other than the US. Then a reference was made to “foreign”.
When you mention “foreign” in relation to a statement where there are clear references to nationality it is reasonable to make the assumption that the use of the word covers the statement in its entirety. Especially where no further clarification is offered.
They’re both drug lords.
I don’t see how a guy who runs a mobile phone company is richer than a guy who owns the software/hardware used to create those mobile phones.
There’s gotta be more to this guy than just the wireless phone industry.
Real estate? Investments? Anybody know more about this dude? I’m too lazy to look myself.
“duh, blacks are from Africa….”
Following that argument all Americans qualify as being foreigners. Even you with your 1/8th Cherokee.
http://www.nativeamericans.com/
@BustingTheSkullsOfIdiots
Yeah I agree…gotta keep them dang ‘Mericans’ from crossing the Great Lakes into Canada….frikken lakebacks!
Lol…this, for the mentally incompetent…was, in the vernacular…a joke
M.W. Soviet….there must be another joke here somewhere
Is he the guy who invented the slim card for the iPhone?
Bill is really on his way out…look at Mossbergs All Things Digital Conference…Steve Jobs acted like a kid in a candy shop…whereas Gates acted like “clear my schedule for this week, and uh, by the way, where’s the recliner?” Gates has stuck around and gradually fizzled his way out the door to keep M$’s stock from tanking.
He has really been gone for a long time. Ballmer$oft is in effect.
None of us had a choice what race we would be when our Mom downloaded us…but we do have a choice when choosing a longterm advanced technology plan over a stagnant mediocre technology plan.
Sit on AAPL longterm! It is only the beginning.
You people are really a bunch of infuriatingly pedantic childish asses, you know that? No wonder she left.
looks like the tide has finally turned…
I agree that immigrants should come here legally and jump through all the INS hoops just like my wife did from China. But, I do think that it should be made a little easier for people wishing to make a life here to jump through those hoops, especially all the application fees. We did all the process legally, and it wasn’t easy and it wasn’t cheap.
He’s the Real Slim Shady.
@M@c
It’s not just cell phones. He almost owns the entire telecommunications infrastructure of Latin America. That is just part of it. Someone with that kind of power and $$$ is very diversified. He made his money on the back of Mexicans to infiltrate other markets. Very intelligent dubious individual.
The sad part about the status of the illegal immigrant worker is that we manage to pay him just enough not to be considered a slave, but not for his benefit, but for our own.
End of an era (or is that error?).
Bill Gates is probably trying to sell down his MSFT shares as quickly as possible. Otherwise, he will be much further down the list.
All descedents of Euros, Africans and Asian are foreigners – originally. I heard a comedian last week wonder out loud if native Americans wished that they had implemented a stricter immigration policy.
On topic, I think Bill’s done all he should be allowed to do to the rest of the world – and he’s been well compensated for his efforts – Now can we move on – as in way past Windows and its myriad parts components and hooks that leave even the strongest and most knowledgeable bewildered, frustrated and humiliated? Can we – please…? Now?
Froma BusinessWeek Article February 21, 2000
Carlos Slim Helu.
Over the years, he has built an industrial, retail, and telecommunications empire with about $16 billion in annual sales.
His best-known company is Telefonos de Mexico (Telmex), the giant Mexican telecom that he bought in partnership with Southwestern Bell Corp. and France Telecom when it was privatized in 1990. In recent years, Telmex American depositary receipts have been one of the most widely traded shares on the New York Stock Exchange. And he also owns Prodigy Inc., the third-largest Internet service provider in the U.S. In addition, he has a financial services group called Grupo Financiero Inbursa, and an industrial-retail conglomerate, Grupo Carso.
NY Times June 27
His businesses have a hand in just about everything: one company built Mexico’s largest offshore oil platform, another sells CDs. He has interests in retailing, banking, insurance, mining, road building and cigarettes.
@M.T. Wence….try not to be a childish ass yourself and qualify your statements just a little more please. Using the second person plural is intellectually lazy. Some of us are actually grown up asses (another joke by the way).
So he’s the second richest. Sucks to be him
Owner of Tracfone and Net10 prepaid mobile cell phone companies.
Bill Gates is probably trying to sell down his MSFT shares as quickly as possible.
Hey Bill! Wanna get back on top of that list?
Buy AAPL.
Enough said.
Xeophobia – an intense or irrational dislike or fear of people from other countries.
http://www.americaslibrary.gov/cgi-bin/page.cgi/jb/jazz/citizens_1
http://www.beacon.org/productdetails.cfm?SKU=4156
http://kpfa.org/archives/index.php?arch=21050
http://en.wikipedia.org/wiki/Mexican-American_War
@ Chrissy One’s black golfer comment:
Chrissy One reveals her true ignorance–You go girl!
Chrissy…..hmmm any coincidence with Suzanne Summer’s ditzy, clueless character “Chrissy” from “3’s Company” TV show? I think so.
I don’t like foreigners. There I said it.
So now that there is someone richer than bill gates, can’t Carlos buy out Microsoft.
@ChrissyOne
Go back to your history classes dear. The whole USA is “foreigners,” don’t be ignorant. That’s why America has been traditionally referred to as the “Melting Pot.”
Any healthy, legal, hardworking, english-learning (that’s the Melting Pot part), non-terrorist foreigners have been welcome for over a hundred years. All my immigrant grandparents were that respecful type. I used to ask my Dad what nationality I was when I was a kid and he’d say “American!” People celebrated and kept their ethnic roots as families, not nationally–asking for special favors or languages to be altered on public signs and elsewhere as a second language. This is what is making people like Chrissy dislike “foreigners.”
You’re right I don’t like them.
Good 1 !
Jul 03, 07 – 02:39 pm Comment from: Georgy Porgy
I agree that immigrants should come here legally and jump through all the INS hoops just like my wife did from China. But, I do think that it should be made a little easier for people wishing to make a life here to jump through those hoops, especially all the application fees. We did all the process legally, and it wasn’t easy and it wasn’t cheap.
Jul 03, 07 – 02:56 pm Comment from: Yours Smugly
He’s the Real Slim Shady.
Jul 03, 07 – 03:29 pm Comment from: Mac-nugget
@M@c
It’s not just cell phones. He almost owns the entire telecommunications infrastructure of Latin America. That is just part of it. Someone with that kind of power and $$$ is very diversified. He made his money on the back of Mexicans to infiltrate other markets. Very intelligent dubious individual.
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 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 superseded the legendary American investor Warren Buffett.
Substantially richer than gates
The Mexican financial website said Slim’s lead over Gates amounted to billions of dollars.
“Thanks to a 26.5 percent 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 $9-billion 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.
Business in his blood
Aside from America Movil, Slim controls the Inbursa financial group and the Grupo Carso industrial firm with interests spanning retail stores, coffee shops and restaurants.
One reason for Slim’s meteoric rise might be because he is also still working. Gates stepped aside as Microsoft chief in 2000 to devote his energies to the philanthropic foundation he runs with his wife, Melinda.
Forbes in April had pegged Slim’s wealth at a staggering $53.1-billion, and said Gates was sitting on a $56-billion fortune.
Slim, the son of Lebanese immigrants, has had business in his blood from his early days when he helped out in his father’s shop, “The Star of the Orient”.
The 67-year-old, who is heavyset and bearded, started out in real estate and was already affluent enough when he graduated from university with an engineering degree to buy stakes in a stock brokerage and a bottling firm.
During the crippling Latin American economic crisis of the early 1980, Slim snapped up and reformed a number of distressed businesses, banking massive profits for Grupo Carso.
Carso gained its name from the first three letters of Slim’s name and the first two of his late wife’s, Soumaya Gemayel.
The smartest buy?
Analysts say one of Slim’s smartest and most lucrative deals occurred when he took control of Telefonos de Mexico (Telemex) in 1990 as the government moved to privatise the sprawling monopoly.
Slim oversaw a $1.8-billion investment to take over Telemex, but he then overhauled the company and expanded its service as the telecom firm became the star of the Mexican stock exchange and more than returned Slim’s initial investment.
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.
Despite his vast riches, Slim reportedly shuns corporate jets and flashy offices and sported a plastic watch during the 1990s.
Widowed in 1999, Slim has boosted his philanthropic presence and overseen his three sons’ careers within his business empire.
Just goes to show – the richer you get the less personality you have.
Bill Gates and all these rich bastards are so fucking boring to talk to.
But I suppose thats how you become if you are soley obsessed about money and success.
Well here’s a message for all you billion/millionaires out there..
BETTER SPEND IT WHEN YOURE ALIVE BECAUSE YOU CANT SPEND IT WHEN YOURE DEAD.
You guys may be rich beyond belief but all the money in the world cant buy reincarnation or imortality!
So in that sense you people are as poor as the rest of us!
bill u r fucked by mexican u r no more the richest man of the world
I’m black and not from Africa.
What’s the point of putting to much money in the bank when there are some extremely ill, and starved people around the world? The bible says ” What does a man gain if he won the whole world and loses himself?” Plus God is not going to judge you by how much money you have but how compassionate you are toward others.
God bless.