Wednesday, July 4, 2007

Bill Gates no longer the richest man in the world

Bill Gates is no longer the richest man in the world. It really is the end of an era after staying at the top of the league for the last 13 years.

Carlos Slim, owner of a Mexican wireless telecommunications company American Movil, has been cited as the man that’s taken Bill Gates top spot. American Movil has seen a 27% surge in stock price during the second quarter, pushing Slim’s worth to a reported $67.8 billion. As the world’s fifth largest wireless telecommunications provider, and Latin America’s most prominent wireless telecommunications provider, the company has seen solid growth and its stock has been considered to be a good bet for some time now. The fast growing wireless market in Latin America has a lot to do with American Movil’s ability to sustain such growth and a healthy stock price.

No matter where Bill is positioned on the World Richest list, Bill has certainly placed himself among the few who had revolutionised the technology industry especially in the area of software. He will definitely continue to be in the limelight for his contribution to the technology and internet industry and not forgetting his humanitarian contribution via his huge charitable giveaway. Truly a living legend from my perspective.
Source : Seattlepi

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