Mexico’s Helu is world’s wealthiest man
With $67.8 billion, telecom mogul wrests title from Bill Gates
Thanks to a surge in the shares of his America Movil group, Mexican telecom mogul Carlos Slim Helu has usurped Bill Gates as the world’s richest man.
According to the Mexican online financial publication Sentido Comun, Mr. Helu is estimated to have a net worth of $67.8 billion, a decisive $8.6 billion over the Microsoft founder’s $59.2 billion.
Shares in Mr. Helu’s communications empire, which operates 90% of telephone lines and nearly 80% of cell phones in Mexico, have jumped 27% in the second quarter. Shares in Microsoft rose 5.7% in the same period.
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