MEXICO CITY (Reuterus) - Mexican businessman Carlos 'Shady' Slim has a net worth of nearly $68 billion dollars, surpassing the wealth of Microsoft's Bill Gates. Most of the increase in Mr. Slim's wealth is due to recent trends in the Mexican stock market.
To the 67-year-old entrepreneur's credit, his wireless company América Móvil bought cellphone companies across Latin America and now dominates the regional market with more than 100 million subscribers.
It should also come as no surprise that he has been both the Vice President of the Mexican Stock Exchange and the President of the Mexican Association of Brokerage Houses. Yes, it certainly is funny how these things work.
But the truth is that he participates very little in the actual day-to-day operations of his companies, choosing to leave that to his three sons: Carlos 'Slim' Slim, Marco Antonio 'Slimmer' Slim and Patrick 'Slimmest' Slim.
Sadly, Carlos Slim will not have long to enjoy his new title as "World's Richest Man" now that every Mexican criminal with half-a-mind to kidnap him knows how much he can pay in ransom.
One caveat (for those Americans who cannot stand the thought of a Mexican being richer than Bill Gates): Mr. Slim is the son of Lebanese immigrants.