According to 2011 Forbes Magazines annual richest people list Carlos Slim is worth $74 billion. He is the wealthiest person with Bill Gates' $56 billion and investor Warren Buffett's $50 billion being second and 3rd. Overall the World has 1210 Billionaires.
Slim's $74 billion is more money than the one-year GDP's of 148 nations.
His fortune increased $20.5 billion this year according to Forbes. Forbes attributed the increase to a rise in Mexican stock prices as well as successful mining and real estate projects.
A total of 332 Asians made the list, surpassing Europe's 300 for the first time. Moscow, with 79 billionaires, racked up more berths on the list than any other city in the world. The United States still has the lead in total number of billionaires, with 413 of the 1,210 on the list.
He did so in part by focusing on selling services to the poorer and underserved parts of the market. For example, he sells prepaid cell phone service in amounts of as little as $2 or $3, a service widely used by people whose income is too low or variable to afford a monthly calling plan. Still, the per-minute price of prepaid calls is often higher.
Slim, 71, is the son of an immigrant shopkeeper who amassed a range of retail, industrial and telecom holdings and has ventured into oil, construction and infrastructure sectors.
A civil engineer by training, he has bought up troubled or government-owned companies of all types, fixed them and resold them for huge profits.
Read more: Fox News Latino
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Posted by: cleveland real estate | March 26, 2011 at 08:30 AM