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07-04-2007, 08:08 AM
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#1 |
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e-Playa
Join Date: Jul 2001
Location: Sacramento, CA
Posts: 83,683
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Mexican Man Tops Gates As World's Richest Man
:blang blang:
 Jul 4, 2007 6:03 am US/Pacific (AP) MEXICO CITY Has Bill Gates been knocked off the world's pinnacle of wealth? A respected Mexican journalist says magnate Carlos Slim may have supplanted Gates as the world's richest man, thanks to a healthy bump in the stock price for a mobile phone company Slim controls. According to the calculations by Eduardo Garcia, who runs a financial Web site called Sentido Comun ("Common Sense"), Slim's worth climbed to $67.8 billion at the end of June. He calculated Microsoft Corp. founder Gates' worth at $59 billion in June. In its annual list of the world's billionaires, issued in March, Forbes magazine estimated Slim's wealth at $49 billion, putting him in third place behind Gates, with $56 billion, and U.S. investor Warren Buffett, with $52 billion. In an April report on its Web site, Forbes bumped Slim up to No. 2, estimating that his companies' worth had increased to just over $53 billion. Slim controls Mexico's largest fixed-line telephone company, Telefonos de Mexico, or Telmex, and owns other businesses involved in everything from construction and music to restaurants and cigarettes. Garcia says Slim's growing fortune was helped by a 26.5 percent second-quarter increase in share prices for America Movil SA, the largest wireless service provider in Latin America, which Slim controls. Garcia's estimate of Gates' latest worth is based on a 5.7 percent second-quarter increase in Microsoft shares. But he acknowledges that his new calculations do not include possible gains in Gates' holdings outside of Microsoft, which Forbes says represent more than half of the software mogul's fortune. "But a 26 percent growth rate for a world company like America Movil, that's hard to top for one quarter," Garcia said. In a statement Tuesday, Forbes did not comment on Garcia's report but said the magazine's next valuation of Gates' wealth will appear in September, in the annual Forbes 400 list of the richest Americans. Slim's wealth won't be recalculated by Forbes until its next world billionaires list in March 2008, the company said. Slim spokesman Arturo Elias Ayub told The Associated Press that Slim does not pay much attention to these lists. "As he has said many times himself, he is not in any competition," Ayub said. |
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07-04-2007, 08:11 AM
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#2 |
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Bob Loblaw
Join Date: Sep 2004
Location: Phoenix
Posts: 6,592
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In highschool (Spanish class) we bot that stock - telefones de Mexico.
Problem is we never sold, my teacher scammed us and now is is prolly rich. 
__________________
“It is one of the great paradoxes of the stock market that what seems too high usually goes higher and what seems too low usually goes lower.” - William O’Neil My blog on the stock market http://www.biggainshunters.com |
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07-04-2007, 08:11 AM
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#3 |
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e-Playa
Join Date: Jul 2001
Location: Sacramento, CA
Posts: 83,683
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http://www.forbes.com/lists/2007/10...aires_Rank.html
Special Report The World's Billionaires 03.08.07, 6:00 PM ET Rank Name Citizenship Age Net Worth ($bil) Residence 1 William Gates III United States 51 56.0 United States 2 Warren Buffett United States 76 52.0 United States 3 Carlos Slim Helu Mexico 67 49.0 Mexico 4 Ingvar Kamprad & family Sweden 80 33.0 Switzerland 5 Lakshmi Mittal India 56 32.0 United Kingdom 6 Sheldon Adelson United States 73 26.5 United States 7 Bernard Arnault France 58 26.0 France 8 Amancio Ortega Spain 71 24.0 Spain 9 Li Ka-shing Hong Kong 78 23.0 Hong Kong 10 David Thomson & family Canada 49 22.0 Canada 11 Lawrence Ellison United States 62 21.5 United States 12 Liliane Bettencourt France 84 20.7 France 13 Prince Alwaleed Bin Talal Alsaud Saudi Arabia 50 20.3 Saudi Arabia 14 Mukesh Ambani India 49 20.1 India 15 Karl Albrecht Germany 87 20.0 Germany 16 Roman Abramovich Russia 40 18.7 United Kingdom 17 Stefan Persson Sweden 59 18.4 Sweden 18 Anil Ambani India 47 18.2 India 19 Paul Allen United States 54 18.0 United States 20 Theo Albrecht Germany 84 17.5 Germany 21 Azim Premji India 61 17.1 India 22 Lee Shau Kee Hong Kong 79 17.0 Hong Kong 23 Jim Walton United States 59 16.8 United States 24 Christy Walton & family United States 52 16.7 United States 24 S Robson Walton United States 63 16.7 United States |
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07-04-2007, 08:17 AM
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Curry Jay
Join Date: May 2001
Location: I wonder how much sh!t I can fit into this field if I just keep typing about nothing. Wow, quite a lot actually I don't think its going to let me keep all this. Amazing, I went back and checked and it did let me keep all that. So now I am going to ra
Posts: 51,737
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I read that this guy is a d!ck (in my opinion). He has said that Gate's and Buffet's charity entrepeunarships (sp?) are stupid. that he works hard to get for where he is at and is against charity work.
What an ass.  |
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07-04-2007, 08:17 AM
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#5 |
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Registered User
Join Date: Jul 2001
Location: Ohio
Posts: 15,140
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67 billion pesos is NOT more than 59 billion dollars
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07-04-2007, 08:19 AM
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RIP Dimebag
Join Date: Jun 2002
Location: Out on the flag football field
Posts: 22,217
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I guess that list could jump on a daily basis as currency conversion does?
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   2008 Mazda CX-7-6K HID's, TurboXS BOV |
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07-04-2007, 08:22 AM
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Viejo hombre
Join Date: Aug 2002
Location: Not telling
Posts: 6,363
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Quote:
It all depends, if he is saying that about his company shouldn't his focus be on getting profits for the shareholders? I am not sure if Bill Gates takes profits from MS to give to charity or from his own bank account. I would say taco paco is right if he is referring to company giving to charity. |
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07-04-2007, 08:23 AM
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BANNED
Join Date: May 2006
Location: Ballsacks
Posts: 10,709
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inb4ElImm
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07-04-2007, 08:24 AM
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#9 | |
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Curry Jay
Join Date: May 2001
Location: I wonder how much sh!t I can fit into this field if I just keep typing about nothing. Wow, quite a lot actually I don't think its going to let me keep all this. Amazing, I went back and checked and it did let me keep all that. So now I am going to ra
Posts: 51,737
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Quote:
No, not taking money from his company... just doing charity work and donating in general. |
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07-04-2007, 08:26 AM
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e-Playa
Join Date: Jul 2001
Location: Sacramento, CA
Posts: 83,683
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Quote:
June 01, 2007 World's Second Richest Man Questions Value of Philanthropy Carlos Slim Helú, a Mexican businessman and the world’s second richest man, has been criticized for his view that philanthropy is not the best way to fight poverty and for not giving more of his $53-billion fortune to charity, reports USA Today in a profile of Mr. Slim, whom the newspaper called the richest man Americans have never heard of. He says his decision not to give more is “based on my conviction that poverty is not fought with donations, charity or even public spending, but that you fight it with health, education and jobs.” Mr. Slim did pledge in March $6-billion for his three foundations, but he insists a new for-profit effort — the Latin American Development and Employment Generator — is the primary way he will help improve the lives of the poor. The company will build dams, hospitals, universities, and toll roads, which Mr. Slim says would create more jobs than charity projects undertaken by Bill Gates. “Gates has to study how he can [fight poverty] in the same way that Microsoft . . . succeeded in business, because charity has not solved the problem,” Mr. Slim told the newspaper. http://philanthropy.com/news/index.php?id=2452 Last edited by Alfdog : 07-04-2007 at 08:28 AM. |
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07-04-2007, 08:27 AM
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Leghumper extraordinaire
Join Date: Aug 2002
Posts: 23,571
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the waltons are on their twice
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07-04-2007, 08:32 AM
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Curry Jay
Join Date: May 2001
Location: I wonder how much sh!t I can fit into this field if I just keep typing about nothing. Wow, quite a lot actually I don't think its going to let me keep all this. Amazing, I went back and checked and it did let me keep all that. So now I am going to ra
Posts: 51,737
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Quote:
yeah, thats better... i must have read what I read before out of context or this guy is just backtracking now after showing everyone what a cack he was before. |
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07-04-2007, 08:44 AM
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BANNED
Join Date: May 2006
Location: Ballsacks
Posts: 10,709
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Quote:
target>wallyworld
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07-04-2007, 08:45 AM
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Leghumper extraordinaire
Join Date: Aug 2002
Posts: 23,571
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Quote:
pfft |
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07-04-2007, 09:39 AM
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GEAUX Tigers
Join Date: Jun 2001
Location: Baton Rouge
Posts: 14,459
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Quote:
wallyworld net worth>*
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[IMG]http://www.****************/data/1477/soldcobra.jpg [/IMG] |
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07-04-2007, 09:40 AM
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#16 |
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Privates Investigator
Join Date: Apr 2007
Posts: 10,567
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Imagine all the burritos you could buy with that money
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07-04-2007, 09:45 AM
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#17 |
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Sexier Than Softcore
Join Date: Jun 2006
Location: Haskell, OK
Posts: 13,079
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I'm also closing in on Gates
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07-04-2007, 09:48 AM
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#18 | |
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Registered User
Join Date: Oct 2000
Location: Dover, OH
Posts: 27,304
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Quote:
He is right though.
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 Sig by TDB |
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07-04-2007, 09:49 AM
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#19 | ||
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GEAUX Tigers
Join Date: Jun 2001
Location: Baton Rouge
Posts: 14,459
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Quote:
with your summer job 
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[IMG]http://www.****************/data/1477/soldcobra.jpg [/IMG] |
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07-04-2007, 09:50 AM
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#20 | |
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Privates Investigator
Join Date: Apr 2007
Posts: 10,567
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Quote:
Can I have a non-repayable interest-free loan in the neighbourhood of 10 million dollars?  |
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, MW80's #001 
