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Second Richest Man In The World - Not Warren Buffet?

By Jordan M. Mackey

Real Estate Agent with Overland Park Real Estate (No association with Inc)

June 01, 2007 08:52 PM

You know about Gates. You know about Buffett. But do you know about Slim?

Mexican telecom titan Carlos Slim Helú quietly slipped past value investor Warren Buffett in late March to become the second-richest man in the world. Slim is worth $53.1 billion, compared with Buffett's $52.4 billion, according to our rankings. He is also breathtakingly close to passing Bill Gates, currently worth $56 billion. Gates, who co-founded Microsoft in 1975, has been the world's richest man for a record 13 years.

Slim added $4 billion to his fortune through stock market gains in the two months before we locked in net worths for our annual billionaires rankings. It's an amazing run for the 67-year-old tycoon. He added $23 billion to his fortune in just over a year. The surge was fueled largely by a strong Mexican economy and a stock market that jumped 49% in 2006.

Source: Richest Man In The World

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Leon Austin

Mobile Notary Services - Colorado Springs, CO

Colorado Springs Mobile Notary

I read about this man a while ago. Incredible.

Jun 01, 2007 10:25 PM

John Caylor

Infinity Financial Group - Post Falls, ID

Post Falls, ID Mortgages

$23 Billion in just over a year. Thats amazing!!

Jun 01, 2007 10:39 PM

Michelle Spalding

Transaction Management Consultants - Waco, TX

Time and Money Saving Solutions for Savvy Realtors

Whatever he's doing is obviously working! I've never heard of him, but now will make it a point to learn more. Thanks for sharing.

Jun 01, 2007 11:54 PM

Rob Robinson- Lehigh Valley PA

Bertrum Settlements (Title & Abstract) - Allentown, PA

I hope he's my father.

Jun 02, 2007 01:29 AM

Jana Cole

Independent Exclusive Buyer Agent - Daly City, CA

What an accomplishment!

Jun 02, 2007 02:09 AM

Robert Mayo

Mayo Auction & Realty - Your Kansas City Auctioneer - Kansas City, MO

CAI, AARE, AMM, GPPA

Way to go Slim. I wonder if he will change his nickname if he passes up Bill Gates?

I think all extremely wealthy people should have a good nickname. I wonder if Bill Gates or Warren Buffet do?

Jun 02, 2007 02:28 AM

Carolyn Nelson

Realty One Carolina, LLC - Burlington, NC

Your Triangle to Triad Real Estate Expert!

I have never heard of him until now. WOW! He is someone we should all keep an eye on. He is on a mission.

Jun 02, 2007 05:08 AM

Jordan M. Mackey

Overland Park Real Estate (No association with Inc) - Overland Park, KS

Overland Park Real Estate ::

Yeah heck I read some of the stats on his monopoly! If Bill Gates had as much of of the US GDP as Slim has got in Mexico due to his telephone company strangle-hold. Bill Gates would be worth something close to $485 BILLION!!! THATS -> $485,000,000,000

Jun 06, 2007 11:11 AM

John Evarts

Classic Property Management of Santa Clarita - Santa Clarita, CA

Yeah, I saw this go in Forbes a while back. Pretty incredible.

Jun 06, 2007 11:58 AM

Joyce Heffner-Williams

Keller Williams Clients' Choice Realty - Monument, CO

Owner/Broker/EcoBroker - Monument Real Estate

Lots of opportunity in Mexico. Especially for natives.
I am personally looking into investing in a couple areas of the Mexican economy...

Jun 16, 2007 02:13 PM

Second Richest Man In The World - Not Warren Buffet?

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