"Within the ranks are simmering rivalries. Microsoft (nasdaq: MSFT - news - people ) founder Bill Gates, the world's richest man for 13 years, and his pal Warren Buffett, who holds the No. 2 spot despite enormous charitable donations, are quickly losing ground to Mexico's most-monied man, Carlos Slim Helú. Helú's net worth is up an astonishing $19 billion this year--the single biggest one-year gain in a decade--and is now just $7 billion shy of Gates and $3 billion less than Buffett." Forbes
Bill Gates Ousted; Carlos Slim Now Holds World's Fattest Wallet, Report Says, Garcia's Sentido Comun, which translates as "common sense," reckons Slim and his family own a fortune equivalent to 8 percent of Mexico's gross domestic product. Fox News
Mexican entrepreneur whose extensive holdings in a considerable number of Mexican companies through his conglomerate, Grupo Carso, SA de CV, amassed interests in the fields of communications, technology, retailing, and finance.
Telmex operates 90 per cent of the telephone lines in Mexico. Another Slim business, Telcel, supplies almost 80 per cent of the country’s mobile phones. Mr Slim acquired Telmex for $1.8 billion in 1990. CNN
"Guillermo Ortiz, head of the Bank of Mexico, estimates that due to monopolies like Slim's: "Economic growth is one percentage point less than it could be with real competition. There are not enough jobs to keep workers from migrating to the United States and investment is being driven to countries like Brazil and China.”"
"In August 1998, Telmex launched 'Mexico En Linea' - a program that allows expatriate Mexicans living in the United States to purchase phone lines for family and friends back home. … Telmex USA has received around one million applications for phone lines, of which 70% are generally approved."
"Not surprisingly, Slim is publicly adamant about keeping the flow of illegals heading north so they can send remittances back to his captive customers in Mexico."
Hey! I have an idea! New Game! Let's ask our politicians the question:
Have you received campaign contributions from Mr Slim or anyone acting on his behalf?
NY Times Article