Bill gates no longer the richest man in the world. Carlos Slim is the new richest man in the world.


Dear readers this week is wonderful for Carlos Slim Helú, CEO of Telefonos de Mexico to become the richest man in the world. Yes! He breaks the Bill Gates 13 year’s record being the world top richest man. According to Mexican financial report the total asset value of Slim is around $67.8 billion were Bill gates $59.2 billion. This causes Bill Gates appears to have been dethroned as the world's richest man. Wov! Another great business man to the world which prime business sector is Telecommunication. Great! He proved to the world each business has its own model… So no one can say Software is the best industry in the world, but it may be!

BRI (Business research intelligence) wants to analyze the Carlos Slim’s Business models and his biography.

Carlos Slim Helú, born January 28, 1940 in Mexico City, is a Mexican businessman. Slim has a substantial influence over the telecommunications industry in Mexico and in much of the rest of Latin America as well. His father Yusef Salim Haddad and mother Linda Helu were of Lebanese decent. Carlos was the 5th of 6 children. He studied engineering at the Universidad Nacional Autonoma de Mexico.

Why Carlos Slim Helú choose the telecom sector?

The financial success that Slim Helu has achieved has been from finding undervalued companies and making them profitable. Telefonos de Mexico (Telmex) was acquired during a privatization period in 1990 of the Mexican government. Carlos was criticized for raising phone call costs soon after purchasing the business, but he went on to improve phone services in Mexico with the company offering local and long distance calls, mobile phone services, Internet services, and a telephone directory.

Quotes of Carlos Slim Helu:

"It's not a question of arriving and putting in a whole new administration, but instead, arriving and "compacting" things as much as possible, reducing management layers. We want as few management layers as possible, so that executives are very close to the operations. We also don't believe in having big corporate infrastructures."- Carlos Slim Helu

In June of 2007 it was reported that the wealth of Carlos Slim Helu increased to an estimated $67.8 billion, making him the richest man in the world. This puts Carlos Slim ahead of Warren Buffett and Bill Gates. Wov! It’s good news to world.

What Bill Gates says about Carlos Slim Helu’s Achievements?

At a Microsoft conference in Redmond last year, advertising executive and TV host Donny Deutsch asked Gates if he would be upset if someday he were no longer the world's richest man.

"I wish I wasn't," Gates replied. "There's nothing good that comes out of that."

"It's better than being second," Deutsch said.

"No," Gates replied. "You get more visibility as a result of it."

That’s the quote from Gates great peoples! Great thoughts!

Hats off Mr. William Gates! You always Rock and Rock again.

Hi readers I’m sure about this article is interesting one. Please come again to read more detailed analysis about Carlos Slim Helu and his Telmex Company.