Mexican tycoon Carlo Slim Helu dethroned Microsoft co-founder Bill Gates to claim the World's no. 1 Billionaire title. Gates has held the No. 1 spot for as many as 14 times in the past 15 years.
According to Forbes, Slim's fortune swelled to an estimated $53.5 billion, up $18.5 billion in 12 months. Shares of America Movil, of which he owns a 23-billion-dollar stake, went up by as much as 35% during the year.Born to a Lebanese immigrant father, Slim learned his business acumen at an early age. Slim studied civil engineering and later built up the telephone monopoly Telmex after acquiring it from the government in 1990. The softly-spoken billionaire last month received authorisation to merge three of his telecommunications companies to form a regional giant, with 250 million customers in 18 countries.
Slim, a widower with six children, has handed over the daily operations of his companies to his three sons and business partners. A baseball fanatic, Slim is also well-known for his philanthropy.
According to Forbes, Slim's fortune swelled to an estimated $53.5 billion, up $18.5 billion in 12 months. Shares of America Movil, of which he owns a 23-billion-dollar stake, went up by as much as 35% during the year.Born to a Lebanese immigrant father, Slim learned his business acumen at an early age. Slim studied civil engineering and later built up the telephone monopoly Telmex after acquiring it from the government in 1990. The softly-spoken billionaire last month received authorisation to merge three of his telecommunications companies to form a regional giant, with 250 million customers in 18 countries.
Slim, a widower with six children, has handed over the daily operations of his companies to his three sons and business partners. A baseball fanatic, Slim is also well-known for his philanthropy.
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