Archive for the ‘Money’ Category

Gates No Longer The Richest Man In The World?

July 3, 2007

“Bill Gates appears to have been dethroned as the world’s richest man. But based on his past comments, he probably isn’t disappointed.

The Microsoft Corp. chairman and co-founder has been overtaken on the world’s richest list by Mexican telecommunications tycoon Carlos Slim, according to a Mexican financial news service quoted by Reuters.

A 27 percent surge in the stock price of Slim’s wireless company, American Movil, in the second quarter has put his worth at close to $67.8 billion, Reuters reported Tuesday.

Reuters quoted financial tracker Eduardo Garcia, from Sentido Comun, an online financial publication. Garcia estimated that Gates was worth $59.2 billion, Reuters reported.”