Richest man in the world

Shadow · **Posted:** Wed Jul 04, 2007 2:10 am

Well its not Bill Gates anymore, its Carlos Slim. He is worth an estimated $67.8 billion. Thats equivalent to 8 percent of Mexico's gross domestic product.

http://money.aol.com/news/articles/_a/c ... 0000000001

benladesh · **Posted:** Wed Jul 04, 2007 2:28 am

why oh why do i get the feeling he did not make all that money off cellphones?

Shadow · **Posted:** Wed Jul 04, 2007 4:01 am

Since links are iffy *cough* heres the article:

Quote:

Carlos Slim Becomes World's Richest Man
Mexican Telecom Magnate Reportedly Zips Past Bill Gates
Reuters
Posted: 2007-07-03 16:40:36
Filed Under: Business News
MEXICO CITY (July 3) - 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.

Slim and his chief spokesman Arturo Elias Ayub were not immediately available for comment.

Shoyru_Lover · **Posted:** Wed Jul 04, 2007 7:39 am

I wouldn't mind being the wealthiest person on the planet. Think of all the good I could do! Build an interplanetary destroyer... wreck mayhem on Manhattan with genetically modified rodents...

Paul · **Posted:** Wed Jul 04, 2007 9:05 am

Kymothy wrote:

I wouldn't mind being the wealthiest person on the planet. Think of all the good I could do! Build an interplanetary destroyer... wreck mayhem on Manhattan with genetically modified rodents...

First we take Manhattan, then we take Berlin...

Shadow · **Posted:** Wed Jul 04, 2007 1:32 pm

Kymothy wrote:

I wouldn't mind being the wealthiest person on the planet. Think of all the good I could do! Build an interplanetary destroyer... wreck mayhem on Manhattan with genetically modified rodents...

How did I know you would built an interplanetary destroyer?

Paul · **Posted:** Wed Jul 04, 2007 2:34 pm

Kymothy wrote:

I wouldn't mind being the wealthiest person on the planet. Think of all the good I could do! Build an interplanetary destroyer... wreck mayhem on Manhattan with genetically modified rodents...

That's so kitsch. It is all about a fleet of megatron intergalaxy destroyers.

Combusken BG · **Posted:** Wed Jul 04, 2007 3:40 pm

It is news to me as I thought Donald Trump was the richest preson in the world.

Why you want to build a interplanetary destroyer and destroy the hope of the human race from finding life out there?

Ginger Harp Seal Pup · **Posted:** Wed Jul 04, 2007 4:57 pm

Meh. It doesn't really interest me to be honest. Money isn't everything. It's a shame that some people don't seem to realise that.

Siouxper · **Posted:** Wed Jul 04, 2007 9:18 pm

I have never even heard of him. But I really don't care, I'll never be that rich anyway. *jealous*

benladesh · **Posted:** Wed Jul 04, 2007 9:49 pm

Ginger Harp Seal Pup wrote:

Meh. It doesn't really interest me to be honest. Money isn't everything. It's a shame that some people don't seem to realise that.

Money isn't everything. I agree but I wouldn't mind it either. With that much money you can do ANYTHING you want. You can get away with anything, buy anything. The world becomes almost limitless.

guineadan · **Posted:** Wed Jul 04, 2007 9:49 pm

Why do all these wealthy people look like tramps? ^^

Drake Redcrest · **Posts:** 912 **Joined:** Mon May 31, 2004 6:22 am

Money totally *is* everything.

The most important question: is he married? :battar:

Ammer · **Posted:** Thu Jul 05, 2007 4:15 pm

Drake Redcrest wrote:

The most important question: is he married? :battar:

He is currently engaged.

You can come to our wedding though.

Paul · **Posted:** Thu Jul 05, 2007 4:20 pm

Ginger Harp Seal Pup wrote:

Meh. It doesn't really interest me to be honest. Money isn't everything. It's a shame that some people don't seem to realise that.

Money is everything, let me explain. "I PROMISE TO PAY THE BEARER ON DEMAND THE SUM OF FIVE POUNDS" is what is written on that crumpled £5 you have in your purse. Then underneath that statement is a signature of the chief cashier, Andrew Bailey, but maybe it is Merlyn Lowther because they're still in circulation.

The implication of that statement is that what is in your purse, or wherever you keep your money is only a promise of wealth, not actually wealth itself. If the economy crashed tomorrow, they wouldn't be worth no more than the paper they're printed on. The Bank of England is probably feeling smug right now, because they've handed out these bits of paper that say five pounds (or 10 pounds, etc.) on it, and you know, they got a bit arrogant in the end. If the entire population of Britain went down to the Bank, and demanded that they their five pounds worth, well, the Bank would be in a bit of a muddle, really; they can't actually afford to hand out what they've promised to the sixty million people residing in our island.

By using the paper notes the Bank hands out is to have faith in your country, whether you like it or not. If the economy did crash tomorrow, you would be left with paper, and the Bank would have the gold and silver. (Hint: They win.)

To what I think, money (paper notes) is not everything, but merely an access to everything, including happiness.

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