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Mexican Carlos Slim unseats Bill Gates as world's richest man
Thursday, 11.03.2010.
13:25
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Mexican telecom tycoon Carlos Slim is the world's richest person, jumping past Americans Bill Gates and Warren Buffett to become the first person from a developing nation to top the list, according to Forbes magazine.
The rise of Slim (70), the son of an immigrant shopkeeper who amassed a $53.5 billion fortune and bought a major stake in the New York Times, reflects the growing muscle of emerging markets in Latin America and Asia, said Forbes' employee Keren Blankfeld.
Slim's worth surged in the past year as his cell phone holdings rebounded in value. He is the first non-American to top the list since 1994.
Slim is known for wearing inexpensive suits and rarely using the computers his companies sell, preferring old-style paper notebooks.While he owns -- either personally or through his foundations and museums -- an impressive collection of art, including works by French sculptor Auguste Rodin, he works out of a set of somewhat dowdy, 1970s-style offices.
A civil engineer by training, he has bought up troubled or government-owned companies of all types, fixed them up and resold them for huge profits.
Forbes Magazine New York