Sunday, September 30, 2007
DREAMS OF HOW TO MAKE 27 MILLION PER DAY - SLIM DID IT
Everybody knows Bill Gates right, he used the richest the world. BUT do you know who is the richest man now. Have you heard of Carlos Slim Helu? Wall Street Journal on August 4, 2007 and Fortune Magazine on August 6, 2007 reported that Carlos Slim Helu had topped Bill Gates’ position as the wealthiest person in the world. See his picture down there?
He controls Teléfonos de México (Telmex), Telcel and América Móvil companies. Carlos Slim's estimated fortune soared to US$59 billion, based on the value of his public holdings at the end of July. Microsoft founder Bill Gates' net worth was estimated to be at least US$58 billion.
Slim's critics claim that he is a monopolist, noting that his company Telmex controls 90% of the Mexican landline telephone market (the other 10% is controlled by TELNOR, which only serves on the Northwest part of Mexico). The contrast between Slim's wealth and the poverty of much of Mexico's population is also troubling to critics. Slim's wealth is equal to roughly 7% of Mexico's annual economic output, an astronomical figure compared to that of America's top billionaires. At the height of John D. Rockefeller's wealth his income only totalled 2.5% of America's economic output. Over the last two years Slim has made an average of $27 million per day.
He controls Teléfonos de México (Telmex), Telcel and América Móvil companies. Carlos Slim's estimated fortune soared to US$59 billion, based on the value of his public holdings at the end of July. Microsoft founder Bill Gates' net worth was estimated to be at least US$58 billion.
Slim's critics claim that he is a monopolist, noting that his company Telmex controls 90% of the Mexican landline telephone market (the other 10% is controlled by TELNOR, which only serves on the Northwest part of Mexico). The contrast between Slim's wealth and the poverty of much of Mexico's population is also troubling to critics. Slim's wealth is equal to roughly 7% of Mexico's annual economic output, an astronomical figure compared to that of America's top billionaires. At the height of John D. Rockefeller's wealth his income only totalled 2.5% of America's economic output. Over the last two years Slim has made an average of $27 million per day.
Labels: Bill Gates, BILLIONAIRE, Carlos Slim Helu, millionaire, telephone line, wealth
# posted by Juliana Jamaludin @ 10:06 PM 
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