Bill Gates no longer the richest man in the world

Posted on Thursday, Jul 05 2007 @ 20:35 CEST by Thomas De Maesschalck
According to various media reports Bill Gates is no longer the richestman in the world. He has been pushed to the second spot by Mexican telecommunications tycoon Carlos Slim who has a net worth of $67 billion.
The Mexican site, Sentido Comun, noted Slim's rising wealth in April, saying that they believed he had passed both then No. 2 Warren Buffet and Gates, Britain's The Guardian said in its report. But with a recent rise in shares of mobile phone carrier America Movil, Sentido Comun founder Eduardo Garcia said, there is no doubt that Slim has surpassed Gates.

Of course, while Slim's fortune has been growing, Gates and Buffet have been looking for ways to give most of their riches away. Not that Gates (and other Microsoft shareholders) wouldn't benefit if the software maker could manage to see the kind of growth that many of Slim's enterprises have been seeing.

About the Author

Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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