Bill Gates became the world’s richest person today, the first time he has held the title since 2007. His fortune was valued at $72.7 billion at 4 p.m. in New York, according to the Bloomberg Billionaires Index.
Gates, 57, was more than $550 million ahead of Carlos Slim, who has a $72.1 billion net worth. The co-founder of Redmond, Washington-based Microsoft Corp. (MSFT) has seen his fortune climb about $10 billion this year. The software maker’s shares hit a five-year high today, and have advanced 28 percent year-to-date.
Slim’s fortune has dropped more than $2 billion this year as Mexico’s Congress passed a bill to quash the market dominance of the 73-year-old billionaire’s America Movil SAB.
“When they’re talking about reform in a country that’s generally poor, and the guy shows up No. 1 on the list — not a good thing,” said Greg Lesko, managing director at New York-based Deltec Asset Management LLC, which oversees $750 million and has an “underweight” position in Slim’s flagship company. “He’s had a pretty good monopoly situation in Mexico, and the Mexican cellphone user has been paying more than he should. We applaud it for the country.”
Earlier this month, a group of kazoo-playing protesters confronted Slim when he appeared at an event at the New York Public Library, denouncing him for overcharging consumers to enrich himself. He denies the accusation.
Source:informationnigeria
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