Mexican second richest in the world

Carlos Slim recently was recognized as the second richest man in the world, and is reported to be closing in on the richest… Bill Gates.

Mexican telecom magnate Carlos Slim has quietly overtaken investor Warren Buffett as the world’s second-richest man and is close to wresting the top spot from Bill Gates, Forbes magazine reported Wednesday.

In the two months since Forbes calculated its 2007 wealth rankings, the 67-year-old Slim’s fortune rose $4 billion to $53.1 billion, while Buffett’s holdings slipped to $52.4 billion as of March 29.

In an article on its Web site, Forbes attributed part of Slim’s “amazing run” to a 15 percent increase in the stock price of Carso Global Telecom, part of a larger rally in Mexican stocks. Slim’s America Movil cell phone company also soared on news of a possible acquisition of Telecom Italia.

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Author: Paloma Cruz

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