San Francisco - The Mexican telecom tycoon Carlo Slim Helu now holds the top position in the Forbes top Billionaire list. He has beaten Bill Gates and Warren Buffet this year and is now the wealthiest person in the whole world with an estimated property worth of $53.5 Billion. He is now the first person in the last 16 years to reach the top position outside the U.S.
Most probably, he is the first person of color from a developing country to win the top position. Carlos Slim Helu is now reported to be making $30 million a month. Perhaps Bill Gates is not so happy this morning as he was edged out by merely half a billion dollars. Helu’s $53.5 billion is closely followed by Gates’ $53 billion. Gates held the title 14 times in the last 15 years.
He purchased controlling interest in Telmax in 1990 with a group of investors. Then he went on to buy as many telecom companies as possible in Mexico and Latin America. He controls the companies Telmex, Telcel and America Movil and allegedly his three sons Carlos, Marco Antonio and Patrick Slim Domit head them on a day to day basis. Currently, he owns almost 90% of the Mexico’s telephone lines and almost 80% of its cellphone connections.
He also owns about 7% of the New York Times and he gave the Times companies a loan of $250 million. He is reported to be very happy with the stakes in those companies. But there have been some criticisms on his wealth also. His wealth has been amassed from a country where the average income per capita is less than $15,000 a year and 17% of the Mexican population lives in the poverty line.
Most probably, he is the first person of color from a developing country to win the top position. Carlos Slim Helu is now reported to be making $30 million a month. Perhaps Bill Gates is not so happy this morning as he was edged out by merely half a billion dollars. Helu’s $53.5 billion is closely followed by Gates’ $53 billion. Gates held the title 14 times in the last 15 years.
He purchased controlling interest in Telmax in 1990 with a group of investors. Then he went on to buy as many telecom companies as possible in Mexico and Latin America. He controls the companies Telmex, Telcel and America Movil and allegedly his three sons Carlos, Marco Antonio and Patrick Slim Domit head them on a day to day basis. Currently, he owns almost 90% of the Mexico’s telephone lines and almost 80% of its cellphone connections.
He also owns about 7% of the New York Times and he gave the Times companies a loan of $250 million. He is reported to be very happy with the stakes in those companies. But there have been some criticisms on his wealth also. His wealth has been amassed from a country where the average income per capita is less than $15,000 a year and 17% of the Mexican population lives in the poverty line.
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