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. 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.

  2. 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.

  3. @ChrissyOne:

    “Best golfer = Black
    Tallest Basketball Player = Chinese
    Richest Man = Mexican

    The end must be near!”

    You forgot: Best Rapper = white ” width=”19″ height=”19″ alt=”grin” style=”border:0;” />

  4. 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.

  5. “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.

  6. 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!

  7. 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.

  8. “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.

  9. 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!

  10. 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.

  11. “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

  12. 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.

  13. 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.

  14. 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.

  15. @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

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