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Mexican tycoon is said to be world's richest man

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Mexican tycoon is said to be world's richest man

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Bringing new meaning to the saying “You can never be too rich or too slim,” the world reportedly has a new richest man – Mexican tycoon Carlos Slim. According to the respected Mexican online financial publication Sentido Comun, Slim is worth an estimated 50 billion euros, due to the rise in the value of shares in his telecommunications company and other businesses.

Forbes magazine recently reported that he had moved from No.3 on the world’s richest list to No.2. Now it seems he has overtaken Bill Gates as Microsoft’s shares are up just 5.7% in the second quarter compared with rises of between 11% and 20% for Slim’s companies. His fortune is said to be the equivalent of 8% of Mexico’s gross domestic product.