Telecom tycoon Slim pips Gates as world's richest

Mexican telecom tycoon Carlos Slim, founder of the America Movil empire, has edged out Microsoft boss Bill Gates as Forbes magazine’s richest person in the world.
Slim has a net worth of $53.5 billion (€39.25 billion), a more half a billion more than Gates’ estimated $53 billion fortune on the latest Forbes rich list
 
Indian entrepreneur Mukesh Ambani of Reliance Industries stole fourth place, with a net worth of $29 billion from his telecoms, textile and petrol investments.
 
In fact, the number of billionaires from Asia and Australasia grew from 130 to 234 on this year’s list. Their total net worth increased from $357 billion to $729 billion as the financial crisis trimmed billions off the portfolios of high net worth Americans.
 
The fortunes of Robin Li, founder of Chinese internet search engine Baidu, have been bolstered in the aftermath of Google’s censorship woes with the mainland government.
 
Forbes puts Li’s net worth at $3.5 billion.

Suggested Articles

Wireless operators can provide 5G services with spectrum bands both above and below 6 GHz—but that doesn't mean that all countries will let them.

Here are the stories we’re tracking today.

The 5G Mobile Network Architecture research project will implement two 5G use cases in real-world test beds.