Tuesday, September 4, 2007

Bill Gates, NOT the richest man in the world?

Yes, this is true. This month Carlos Slim Helu overtook Bill Gates to become the richest man in the world. This may be a surprise for some but he had been steadily rising up the wealth chart the last 3 years. Mr. Helu is a son of a Mexican shopkeeper and owns multiple businesses in Mexico. This figure just astounds me: His family's holdings represent more than 5% of Mexico's 2006 gross domestic product, and Slim-controlled companies make up one-third of the $422 billion Mexican Bolsa, or stock exchange.

I have a feeling in the coming years you'll start to hear more about important businessmen from other countries as globalization continues to increase. Read the full article from CNN Money.

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