Carlos Slim Helu (born January 28, 1940) is a Mexican business magnate and philanthropist who as of 2011 is the richest man in the world, for the second year in a row. He is the chairman and chief executive of telecommunications companies Telmex and America Movil and has extensive holdings in other Mexican companies through his conglomerate, Grupo Carso SAB, as well as business interests elsewhere in the world.
America Movil, which in 2010 was Latin America's largest mobile-phone carrier, accounted for around US$49 billion of Slim's wealth by the end of 2010. His corporate holdings as of March 2011 have been estimated at US$74 billion.
On March 29, 2007, Slim surpassed Warren Buffett as the world's second richest person with an estimated net worth of $53.1 billion compared to Buffet's $52.4 billion.
On August 4, 2007, The Wall Street Journal ran a cover story profiling Slim. The article said, "While the market value of his stake in publicly traded companies could decline at any time, at the moment he is probably wealthier than Bill Gates". According to The Wall Street Journal, Slim credits part of his ability to "discover investment opportunities" early to the writings of his friend, futurist author Alvin Toffler.
On August 8, 2007, Fortune reported that Slim had overtaken Gates as the world's richest man. Slim's estimated fortune soared to $59 billion, based on the value of his public holdings at the end of July. Bill Gates net worth was estimated to be at least $58 billion.
On March 10, 2010, Forbes once again reported that Slim had overtaken Gates as the world's richest man, with a net worth of $53.5 billion. Bill Gates and Warren Buffett now have a net worth of $53 billion and $47 billion respectively. He was the first Mexican to top the list. It was the first time in 16 years that the person on top of the list was not from the United States. It was also the first time the person at the top of the list was from an "emerging economy."
In March 2011, Forbes stated that Slim had maintained his position as the wealthiest person in the world, with his fortune estimated at $74 billion.
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