Mexican ‘world’s richest person’ – http://news.bbc.co.uk/2/hi/business/6267714.stm
|Mexico’s telecoms tycoon Carlos Slim has overtaken Bill Gates to become the world’s richest person, according to a respected Mexican financial website. Mr Slim is now worth $67.8bn (£33.6bn), above Microsoft founder Mr Gates’ $59.2bn, Sentido Comun says.|
It said Mr Slim’s wealth has rocketed into top place after the recent 27% surge in the share price of his largest company, America Movil.He has a 33% stake in the firm, Latin America’s largest mobile phone network.
Mr Slim, whose business interests are based in Mexico City, is the 67-year-old son of Lebanese immigrants.
He started his business life in property before moving on to invest in a stock brokerage, a bottling company, and, more recently, the telephone sector.
During the Latin American economic crisis of the early 1980s, Mr Slim made a name for himself – and substantial profits – by buying a number of struggling companies at very low prices before transforming their fortunes.
In April, Forbes magazine estimated that Mr Slim was the world’s second-richest person behind Mr Gates and ahead of US billionaire investor Warren Buffett.
Like Mr Gates, Mr Slim is well-known for his generous charity donations.
Africa remains the only continent with the least number of billionaires, in fact only 1 is known to exist on the continent … thanks a trillion