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Article: Forbes: Slim Is World's 2nd Richest Man
- Article from:
- AP Online
- Article date:
- April 12, 2007
CopyrightCopyright 2007 Associated Press/AP Online. This material is published under license from the publisher through YellowBrix, Alexandria, Virginia. All inquiries regarding rights should be directed to YellowBrix. (Hide copyright information)
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MEXICO CITY - Mexican telecom magnate Carlos Slim has quietly overtaken investor Warren Buffett as the world's second-richest man and is close to wresting the top spot from Bill Gates, Forbes magazine reported Wednesday.
In the two months since Forbes calculated its 2007 wealth rankings, the 67-year-old Slim's fortune rose $4 billion to $53.1 billion, while Buffett's holdings slipped to $52.4 billion as of March 29.
In an article on its Web site, Forbes attributed part of Slim's "amazing run" to a 15 percent increase in the stock price of Carso Global Telecom, part of a larger rally in Mexican stocks. Slim's America Movil cell phone company also soared on news of a possible acquisition ...