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Updated:02:03 AM EST Feb 25


this is ggmania.com subsite Gates No Longer 'World's Richest Man' - TechAmok

Gates No Longer 'World's Richest Man' - [briefly]
02:59 PM EDT - Jul,03 2007 - post a comment

After more than a decade at the top of the list, Bill Gates no longer holds the title of "World's Richest Man". The coveted title now belongs to Carlos Slim of Mexico:
It was Sentido Comun's founder, Eduardo Garcia, who highlighted Mr Slim's rapidly rising wealth in April, although by his calculations the Mexican had not only beaten Mr Buffett in the wealth stakes by then but also edged past Mr Gates.

Now, however, Mr Garcia says there is no doubt that the little-known Mexican has finally captured the coveted top slot, following a surge in America Movil's shares over the second quarter. This is estimated to have boosted his fortune to an estimated $67.8bn (£33.6bn) - equivalent to 8% of Mexico's gross domestic product - compared with $59.2bn for the Microsoft mogul, putting him in the lead by a decisive $8.6bn.

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