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May 21, 2013

Slim pickings: the mystery man behind Gates

Bill Gates has overtaken Carlos Slim as the world's richest man. Who? The Mexican civil engineer turned telecommunications king has extraordinary market penetration and a deep cash pool.

Myriam Robin — Media Reporter

Myriam Robin

Media Reporter

For the past six years, Mexican telecommunications tycoon Carlos Slim has sat atop Bloomberg’s billionaires’ ranking, which is updated every day based on the ups and downs of global sharemarkets. But last Thursday, Slim’s place on top was taken by Microsoft founder Bill Gates. His fortune has spiked up this year along with Microsoft’s share price, which is up 28% in the last 12 months.

3 comments

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3 thoughts on “Slim pickings: the mystery man behind Gates

  1. Mr Tank

    Bill Gates did not make personal computers “Cheap and ubiquitous.” He gained a monopoly position with a crappy operating system and rode it to enormous wealth, just as Carlos has used his telecommunications monopoly to do the same. Both are just very successful rent seekers. Lazy Myriam very lazy.

  2. Rohit Thomas

    How dumb because Carlos Slim was the richest man for 6 years!!! Are you trying to prove Aussies are dumb or crikey.com.au is?

  3. Bo Gainsbourg

    Im a bit sick of this slack jawed uncritical adulation of blokes like this. He became a billionaire? In Mexico? Wouldn’t you think there would be a few more penetrating questions to ask about this, in one of the most corruption riddled modern states in the world?

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