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Bill Gates not the world’s richest person anymore PDF Print E-mail
Business and Law
By Wolfgang Gruener   
Tuesday, July 03, 2007 10:18
According to Sentido Comun, Carlos Slim Helu has surpassed Bill gates as the world’s wealthiest person. The Mexican magazine estimates Slim to be worth about $67.8 billion, while Gates is estimated at “just” $59.2 billion.

Slim, who controls Teléfonos de Mexico (Telmex), has been climbing up the ladder over the past months and was recently ranked at #2 on Forbes’ list of the world’s richest people. Sentido Comun believes that the sharp price increase of Telmex stock - +27% between March and June of this year – was the single most important reason that allowed 67-year old Slim to reach the top spot.

Besides Telmex, Slim's holdings include five insurance companies, a retail chain, mining companies, an auto parts manufacturing company, a bank and a tobacco company. He also has an investment history in the U.S. where he owns CompUSA and Saks Fifth Avenue.

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