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Richest Man Carlos Slim Helu

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Carlos Slim Helu Biography - Profile Carlos Slim Helu - Richest Man

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Carlos Slim Helu Biography (Carlos Slim Helú): Communications businesses and Investments
Famous for : Being the richest man in Mexico and one of the richest men in the world according to the Forbes business magazine.
Slim Helu details : Born - January 28, 1940 Mexico City / Lives - Mexico

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Who is the Richest Man in the World?

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Carlos Slim Helu has steadily been creeping up the ranks of the richest people in the world over the past few years. When the Forbes magazine put out their annual rich list in 2007, they had Carlos Slim ranked as the third richest man in the world, with Warren Buffett second and Bill Gates first.

The Mexican billionaire had an estimated $49 billion, while the Oracle of Omaha Warren Buffett had an estimated $52 billion, and Bill Gates of Microsoft had $56 billion.

In April of 2007 it was reported that Carlos Slim Helú had taken the number 2 position on the global rich list, pushing Buffett down to third place. A rise in the share price of Carlos Slim owned companies pushed his assets to be worth $53.1 billion, while a small decrease in the value of Buffett's Berkshire Hathaway put the value of the Warren Buffett fortune at $52.4 billion.

Warren Buffett had held the number two position on the Forbes rich list for seven years. The American value investor has been focusing more on giving away his billions in recent years. He has planned to give away a large portion of his massive wealth to the foundation of his bridge partner, Bill Gates.

In June of 2007 a publication in Mexico has pushed the telecom billionaire to the top of the rich list. Continued increases in the value of companies owned by Carlos Slim has increased his wealth to an estimated $67.8 billion. "Carso Global Telecom" and "America Movil" (two of the largest holdings of Slim) have both risen in value this year. The wireless operator America Movil has rose by 26.5 percent over one quarter.

Carlos Slim Helu has been referred to as the "Warren Buffett of Latin America", but he thinks of himself as an operator of companies, rather than just an investor (like Buffett).

"When you live for others' opinions, you are dead. I don't want to live thinking about how I'll be remembered." Carlos Slim Helu Quote

Forbes has not confirmed the calculations of the Mexican reporter (Eduardo Garcia), but they did confirm the calculations of Garcia in April when Carlos Slim took the number two position from Buffett. Forbes will release their estimate of the Bill Gates fortune in September 2007 when they put out their list of the richest Americans, but their world rich list won't be out until March in 2008.

Bill Gates has been ranked as the richest man in the world for thirteen years.

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Carlos Slim Helu Quotes Carlos Slim Helu Quotes

When you live for others' opinions, you are dead. I don't want to live thinking about how I'll be remembered.
Carlos Slim Helu - Opinions
- Death

I've always said that the better off you are, the more responsibility you have for helping others. Just as I think it's important to run companies well, with a close eye to the bottom line, I think you have to use your entrepreneurial experience to make corporate philanthropy effective.
Carlos Slim Helu - Responsibility - Philanthropy
- Help - Entrepreneurial - Companies

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Carlos Slim Helu Biography

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