Move over Bill Gates ...

Carlos Slim Tops Gates, Buffett as World's Richest

Mexican telecom mogul Carlos Slim Helu is the world's richest person, edging Bill Gates out of the top spot, according to Forbes Magazine.

In its annual ranking of the world's richest people, Forbes lists the 70 year old Slim as number one with a net worth of $53.5 billion after adding $18.5 billion over the last year to his wealth.

It's the first time since 1994 that the number one position has been held by a non-US billionaire.

I wonder how much this has to do with the decline in the value of the U.S. Dollar relative to the Mexican Peso?
 
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