The World’s Richest Man 2010: Carlos Slim Helu

It is official now, and again – Carlos Slim Helu, the telco magnet from Mexico, is the richest man in the world.

Forbes magazine recently published their billionaires’ wealth rank and Slim, valued at $74 billion net worth, sits on top of the ranking. He is also richer by more than $20 billion this year.

The Richest Man in the World - Carlos Slim Helu
The richest man in the World

Two usual suspects, Bill Gates and Warren Buffett, rank second and third respectively. In 2008 ranking, Slim was ranked second behind Buffett, and above Bill Gates. In this 2010 latest ranking, while all of them remain in the top three, every one switched places.

This year’s billionaire list consists of a record 1,210 people, with accumulated net worth of $4.5 trillion. The new billionaires inducted into the list include those connected with the world changing social media network, Facebook – Mark Zuckerberg (founder), Eduador Saverin (co-founder) and Sean Parker (the first President of Facebook. He has been sacked by the way for drug possession).

The US continues dominating the billionaire list, but what is interesting is that, Asia (332 billionaires), for the first time, has more billionaires than Europe (300). Not unexpectedly, most of Asia billionaires come from China. Take note that early this year, China overtook Japan as the world’s second biggest economy, and things are yet to get better for them.

Carlos Slim Helu is the head executive of America Movil, which is today the largest mobile phone carrier in the Latin America world. His father, a Lebanese, migrated to Mexico during his teen to start a small dry good store, which eventually became the foundation of Slim’s extraordinary business successes.

Slim has been taught the basics of business even before he hit the puberty. At the age of 12, he already bought shares in a Mexican bank.  By his early thirties, he was overseeing 7 businesses in different industries that included real estate, construction and mining.


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