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Latino Daily News

Saturday May 18, 2013

Bill Gates Takes Back World’s Richest Person, Slim is Number 2

Bill Gates Takes Back World’s Richest Person, Slim is Number 2

Photo: Bill Gates and Carlos Slim

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Bill Gates has regained the title of the world’s richest person, a position he lost in 2007 to Mexico’s Carlos Slim due to fluctuations in the Microsoft mogul’s stock market investments, according to Bloomberg’s daily index.

Gates’s fortune is now estimated at $72.7 billion, having risen 16 percent over the past year thanks to a resurgence of financial markets in recent months.

Meanwhile Slim is left with “only” $72.1 billion, the result of a drop in share price of his company America Movil, the biggest mobile-phone outfit in the Americas, after Mexico passed a bill of telecommunications reform making the market more competitive.

In third place is U.S. investor Warren Buffett of Berkshire Hathaway with a fortune estimated at $59.7 billion, up 24.6 percent over a year ago thanks to well performing investments.

Next on the list is Spain’s Amancio Ortega, founder of the Inditex textile group, who saw a 2.6 percent drop in his personal fortune over the year to $56 billion.

Close behind comes Ingvar Kamprad of Sweden, founder of Ikea, whose holdings climbed 29.5 percent in value to $55.5 billion.