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Bill Gates dethroned as world's richest man?
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| Provocative_boi |
The net worth of Mexico's Carlos Slim Helu grew to $67.8 billion US by the end of June, allowing him to oust Bill Gates as the world's wealthiest man, according to the calculations of a Mexican financial website.
Slim controls and owns a third of America Movil, Mexico's largest fixed-line telephone company and a major Latin American wireless service provider. The company's stock climbed more than 26 per cent over the first quarter, swelling Slim's wealth to eclipse that of Microsoft's Gates.
The Mexican website, called Sentido Comun ("Common Sense"), said that Slim and his family's fortune is equivalent to eight per cent of Mexico's gross domestic product.
The website said that Gates was worth $59 billion US at the end of June.
Other than his holdings in the telephone sector, Slim has a host of other financial interests in areas such as retail, coffee shops, and restaurants.
Slim, 67, is reported not to live a lavish lifestyle. During the 1990s, he reportedly wore a plastic watch.
Forbes Magazine, known for its list of rankings of the world's wealthiest people said that in April, Gates was still grasping the top spot, which he's held for 13 years. Slim was reported as the second richest man and U.S. investor Warren Buffet was third.
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| Cro_Addict |
finally happened.
it was projected before that by the end of this year that guy would pass him. |
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| Provocative_boi |
| I wonder if the David Thomson would ever kick sum serious ass and reach number one? |
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| Chris Allen |
| He was already de-throned last year by the guy who started Ikea, for 1 day :tongue2 |
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| Cro_Addict |
| quote: | Originally posted by Cosmic Fur
so what now? |
I think now we grab our ears and dance. |
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| dEsidEL |
doesn't this happen almost daily? i mean these guys own tons of company shares which fluctuate in value quite significantly year over year so i'm sure if we're counting total net worth here the top richest ppl in the world probably change hands quite often..
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| infinity HiGH |
| Incredible. |
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| rabbitjoker |
| This guy represents 7% of Mexico's GDP! |
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| emonster4life |
| only because he donated 30 billion to the bill and melinda gates foundation and gave 20 billion back to shareholders in 2004, BILL is still the man!!! |
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| emonster4life |
| quote: | Originally posted by dEsidEL
doesn't this happen almost daily? i mean these guys own tons of company shares which fluctuate in value quite significantly year over year so i'm sure if we're counting total net worth here the top richest ppl in the world probably change hands quite often..
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no it doesnt, since theres a good few billion in difference between there net worth. |
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| Spin Laden |
| Saddam's still alive? |
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