China National News
ChinaNationalNews.com Friday 3rd September 2010 Edition 3506/8
  • More Breaking Business News

  • Sexual harassment claims lead to big settlement in US
  • Large-sized Mini to hit the streets
  • Royal Mail introduces electronic stamp
  • Accident claim ends with Ford paying restitution
  • Burger King may be selling out
  • Jewish survivors say French Railway should lose US bid
  • Cold winter was good for Gazprom
  • Galaxy becomes competitor to iPad
  • iPod nano has multi-touch interface
  • American and British Airways to coordinate frequent flyer
  • US Defense Secretary Robert Gates in Afghanistan
  • Suspicious package at US airport leads to arrest
    Get Breaking Business News headlines emailed to you daily.

    Forbes says Gates no longer the world's richest
    China National News
    Thursday 11th March, 2010  
    (ANI)


    Mexican tycoon Carlos Slim is the world's richest person, knocking Microsoft founder Bill Gates into second spot, as the wealth of the world's billionaires grew by 50 per cent over the last year.

    Forbes magazine reports it's only the second time since 1995 that Gates has lost the crown.

    Slim's net worth has been pegged at 53.5 billion dollars, whereas Gates has a fortune of 53 billion dollars. Investor Warren Buffett came in at number three with 47 billion dollars.

    Slim, a telecommunications magnate, made his fortune after buying Mexico's national telephone company on the cheap in 1990, The Times reported.

    An engineer by training, he now controls more than 200 businesses, ranging from mining and construction groups to hotels and cigarette-makers.

    There are now 1011 billionaires, compared with 793 last year and 1125 in 2008. (ANI)

      Email this story to a friend

    Comments on this story

    By goomba, 03-11-10, 10:44 PM

    Forbes says Gates no longer the world's richest

    who gives a toss? A rich man cannot eat more than a poor man, cannot be in more than one place at once, cannot drink more than a poor man, so what is the point of his wealth? If he has it it means a bunch of poor people are going without, in a world of limited resources
    By Anonymous, 03-12-10, 07:40 AM
    You all are being deceived! The supposedly richest people in the world are not Bill Gates or Carlos Slim who have to MAKE money. The richest (loosely speaking because they create money to the major extent out of nothing) people in the world are the people who CREATES (PRINT PAPER MONEY WITH OR WITHOUT COLLATERALS, ETCETERA)! And they are the private banking dynasties like Rothschild, Rockefeller, Kuhn, etcetera (they are all MASONS).
    By Anonymous, 03-12-10, 08:07 AM
    Since Slim is the riches man in the world he need to dish out that money to the poor wet back that are trying to cross the border for work. Or he might be the one that benefits all the money being send back to Mexico by the the illigal workers her in states because he owned the biggest money exchanged company in Mexico. If he give the poor Mexican worked jobs than they do not need to cross the border for works.

    Have your say on this story

    Your nickname (optional)
    Message title
    Message