For the second year, Forbes Magazine claims Mexican telecom mogul, Carlos Slim Helú, is the world’s richest. Slim added $20.5 billion to his fortune this year, widening the gap between him and Microsoft cofounder Bill Gates, to $18 billion. Gates is still the richest American.
Slim also has successful mining and real estate spinoffs from conglomerate Grupo Carso and merged his fixed-line telecom company into America Movil, Latin America’s largest wireless carrier. He also has other holdings in retailer Saks and the New York Times.