Slim overtakes Gates

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01/08/2007

Carlos “Slim” Helu has raced ahead of Bill Gates and Warren Buffett to become the world’s richest man. Shares in Slim's mobile phone empire, America Movil, surged by 27% in the second quarter of 2007, pushing his wealth up to $67.8 bn according to the Sentido Comun’s business rich-list published last month. Slim's fortune, made in telecoms, banking, and tobacco, climbed $19bn in 12 months. In the Forbes Billionaires List, published in June, Slim ranks third ($49bn), behind Gates ($56bn) and Buffett ($52bn).