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Mexican telecom tycoon named world's richest man

03/11/2010 00:51
Carlos Slim Helu

Carlos Slim Helu


Mexican telecom tycoon Carlos Slim Helu, named the world's richest man, according to a new ranking published by Forbes magazine on Wednesday.



The son of Lebanese immigrants, Slim, 70, has amassed a fortune of $53.5 billion, beating Microsoft founder Bill Gates to top the list of the world's richest people. 

His business empire includes some of Mexico's best-known department stores, its biggest telecoms operator, hotels, restaurants, oil drilling, building firms and Inbursa bank.

Outside Mexico Slim has holdings in such prestigious groups as retailer Saks and New York Times Co. He also owns stakes in Bronco Drilling and Independent News & Media.

Read more about Slim on Reuters.com...


Check out the billionaires' top ten:

  1. Carlos Slim
    See above.
  2. Bill Gates
    American business magnate, philanthropist, and chairman of Microsoft
    Net worth: $53 billion
  3. Warren Buffett
    American investor, businessman, and philanthropist. He is one of the most successful investors in the world, the primary shareholder and CEO of Berkshire Hathaway.
    Net worth: $47 billion
  4. Mukesh Ambani
    Indian business tycoon. He is the chairman, managing director and the largest shareholder of Reliance Industries, India's largest private sector enterprise and a Fortune 500 company.
    New worth: $29 billion
  5. Lakshmi Mittal
    Indian steel magnate. He is the CEO and founder of and has been the chairman and CEO of ArcelorMittal since the merge. He also serves as a non-executive director of Goldman Sachs, EADS and ICICI Bank[5] and is presently the vice chairman of the World Steel Association.
    Net worth: $28.7 billion
  6. Lawrence Ellison
    American entrepreneur and the co-founder and CEO of Oracle Corporation, a major enterprise software company.
    Net worth: $28 billion
  7. Bernard Arnault
    French businessman. He is the founder, chairman, and CEO of LVMH, a large luxury goods conglomorate consisting of over fifty luxury brands, including Louis Vuitton, Dior, and Fendi.
    Net worth: $27.5 billion
  8. Eike Batista
    Brazilian entrepreneur. Considered to be an adventurous businessman, he has founded companies in different business sectors, mainly in mining.
    Net worth: $27 billion
  9. Amancio Ortega
    Spanish fashion entrepreneur. He is the founder, with his ex-wife Rosalía Mera, and chairman of the Inditex Group.
    Net worth: $25 billion
  10. Karl Albrecht
    German entrepreneur. He founded the discount supermarket chain Aldi with his brother Theo.
    Net worth: $23.5 billion


    Read the complete list on Forbes.com...

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