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. 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.

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