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  1. #1


    MEXICO CITY, Mexico (Reuters) -- Mexican tycoon Carlos Slim is the world's richest man, worth an estimated $67.8 billion, after overtaking Microsoft Corp. founder Bill Gates, according to a respected tracker of Mexican financial wealth on Monday.

    A 27 percent surge in the share price of America Movil, Latin America's largest cell phone operator controlled by Slim, from March to June made him close to $8.6 billion wealthier than Gates, said Eduardo Garcia in Sentido Comun, the online financial publication he founded.
    Garcia estimated that Gates was worth $59.2 billion.
    Forbes magazine reported in April that Slim had overtaken billionaire investor Warren Buffett for the No. 2 spot in the world's richest stakes but was still behind Gates.

    Mexico has a huge rich-poor divide, with a tiny elite holding most of the country's wealth and around half the population living on less than $5 a day.

    Forbes bumped up Slim because gains from his holding company Carso and fixed-line telecom Telmex added to the Mexican's fortune while shares of Buffett's Berkshire Hathaway Inc. fell in the same period.

    Three months ago, Sentido Comun's Garcia begged to differ with Forbes and calculated Slim's wealth as more than Gates' -- but only by a whisker. Now he says there is no doubt whose fortune is bigger at current share values. "When I put Slim ahead three months ago Forbes bumped him up to second place (in world rankings) a few days later," Garcia, also the publication's editor-in-chief, told Reuters. "Let's see if the same happens again."

    Spokespeople at Forbes magazine were not immediately available for comment.

    Garcia, who uses Forbes' calculations for U.S. billionaires' wealth, says the 5.7 percent increase in Microsoft share prices in the second quarter is no match for the sharp rise in valuations of Slim's companies. Shares of Telmex in the second quarter rose 11 percent and Slim's bank, Inbursa, saw its stock advance 20 percent. Garcia's Sentido Comun, which translates as "common sense," reckons Slim and his family own a fortune equivalent to 8 percent of Mexico's gross domestic product.

    For Gates to be worth 8 percent of the U.S. economy, his fortune would have to grow to more than $13 trillion, 17 times his current wealth, according to Sentido Comun.

    Slim, known for his Midas touch in turning around struggling businesses and turning them into profit-making machines, told Reuters in an interview this year he was not in the habit of calculating his fortune on a regular basis.






    Ano kaya masasabi ni Gates dito....



    source: CNN
    Last edited by awing; July 4th, 2007 at 04:49 PM.

  2. Join Date
    Oct 2002
    Posts
    14,825
    #2
    I don't think Bill Gates gives a hoot if someone is more richer than him since he plans to give away all of his money (and will only give his children a max of $100M as inheritance).

    Though to note, since most of these assets are paper based, don't expect Slim to hold that lead for long.

  3. Join Date
    Aug 2005
    Posts
    1,013
    #3
    hehe.. kala ko si Slim Shady.. need to brush up on these stuff.

  4. #4
    Quote Originally Posted by mazdamazda View Post
    I don't think Bill Gates gives a hoot if someone is more richer than him since he plans to give away all of his money (and will only give his children a max of $100M as inheritance).

    and the charity he is heading up...

    I think that is further compare to Slim.

    -------

    Mexican si Slim, Mexico is one of the hot spots of illegal drugs today....
    Last edited by awing; July 4th, 2007 at 05:00 PM.

  5. Join Date
    Aug 2004
    Posts
    22,705
    #5
    Eh... the US is one of the biggest buyers... so user din ba si Bill Gates?

    Tama si M2... these are paper estimates of stock worth... not really an indication of how "liquid" (how much money in cold-hard cash can they produce on an instant's notice... for ransom, for instance) each man is.

    Ang pagbalik ng comeback...

  6. Join Date
    May 2006
    Posts
    6,940
    #6
    Mr Gates I've been a good boy lately kahit $100,000.00 lang ok na sakin if you'll donate it to my bank account!!

  7. Join Date
    Aug 2005
    Posts
    4,293
    #7
    It is not who is no.1, It is how they changed the world...Slim is making money..Bill is giving away money to charity.
    Last edited by Isuzoom; July 4th, 2007 at 10:26 PM.

  8. Join Date
    Jan 2007
    Posts
    1,815
    #8
    50yrs from now lalabas name ko sa forbes mags as the first filipino and tsikot member to be the world's wealthiest man.LOL

  9. Join Date
    Oct 2002
    Posts
    13,415
    #9
    Gate's new career... Philantrophy... hehe, makapagapply nga.

  10. Join Date
    Mar 2005
    Posts
    8,837
    #10
    yan talaga ok ngaun buy and sell ng business

    usually mga ok na business ngaun sa malls may problema sa owners yan, puwede sugarol, utang ng utang, got so used to luxurious living and the like

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B Slim is 'world's richest man'