“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.”
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“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.
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Looks like Billy got his wish.