Oh, the ups and downs of billionaires!

Mexican telecoms mogul Carlos Slim (owner of Telmex, Telcel and América Movil) was the world’s wealthiest man for several years. But in March of 2014, Forbes magazine announced that Slim had dropped to second place, with Microsoft mogul Bill Gates back in the number one position, which he had held before Slim.  It’s not that Slim wound up begging with a tin cup on a street corner, he was still worth a cool US$70 billion.

In the world of billionaires, however, things go up and down. Forbes reported on July 15th (see here) that Slim had moved back on top of the world, once again the world’s richest man, with a net worth of US$79.6 billion. Bill Gates, on the other hand, was just going to have to get by on a net worth of US$79.1 billion.

For the entire article, click here.

Article by Allan Wall, published on Mexidata.info, September 22nd, 2014.

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