Thursday, July 5th 2007

Bill Gates no longer world's richest man

A Mexican online financial Web site estimates that tycoon Carlos Slim has a net worth of $67 billion, which would place his fortune above that of the Microsoft chairman, according to various media reports. Slim is known for a wide swath of holdings including banking interests, CompUSA and telecommunications firms.

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.
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