Bill Gates and Warren Buffett no longer the world's richest

Michael Motley · 03-11-2010, 10:52 AM

The richest man in the world is now from Mexico.

Mexico's Slim Becomes 'World's Richest' Person - The Americas - FOXNews.com

KimW · 03-11-2010, 11:21 AM

I saw this last night. I'm not that surprised.

Mr. Enthusiastic · 03-11-2010, 11:40 AM

Interesting!

His official website is at . Carlos Slim Helú ..

In personal and business style he seems to be the anti-Trump. Both look to buy undervalued, overlooked, distressed assets and fix them up. But for Slim, the end result is cardboard-plated for everyday people and profitable, not gold-plated and super-expensive. His pragmatic approach is similar to Buffet's. He's done a lot of philanthropy.

The Time profile Carlos Slim's Embarrassment of Riches - TIME reports on allegations of monopolistic practices in Slim's businesses. His New York Times investment, and the lack of coverage in the Times of a major business lawsuit, have also brought controversy.
The Story the New York Times Won't Touch | The Big Money

I'm going to learn more about him and his business philosophy!

Chris

JBorhez · 03-11-2010, 04:06 PM

I'm not that surprised either. He's been been way up there for a while!

Kenster · 03-11-2010, 06:34 PM

You also have to realize that he doesnt donate to the extent that Gates and Warren do.

thetrafficaddict · 03-11-2010, 07:29 PM

Amazing...

Just goes to show that your background, and country of origin really doesn't matter. It's your mindset, strategy, and execution.

Lawrh · 03-11-2010, 09:17 PM

This is a repeat. He was number one a couple of years ago. I guess he didn't like being bumped down.

Jay_Mueller · 03-13-2010, 07:19 AM

I think this is because Bill Gates and Warren Buffett donate a lot of their money to charity.

derekwong28 · 03-13-2010, 09:17 AM

I am underwhelmed as well. Bill Gates had already given away more than a third of his fortune. Whereas Carlos Slim took a swipe at Bill Gates by implying that the best way to do charity is to build up profitable businesses.

Zero · 03-13-2010, 03:04 PM

Quote:

Originally Posted by Jay_Mueller

I think this is because Bill Gates and Warren Buffett donate a lot of their money to charity.

Warren Buffet lost nearly 50% of his wealth last year because the share price fell in berkshire hathaway. Of course over the past year it has increased, but he has also heavily invested in several companies for the future.

businessmatt · 03-14-2010, 12:56 AM

Quote:

Originally Posted by Zero

Warren Buffet lost nearly 50% of his wealth last year because the share price fell in berkshire hathaway. Of course over the past year it has increased, but he has also heavily invested in several companies for the future.

And he's currently making very large butt-loads of money.

One thing I found disappointing, I looked on that list of all the world's billionaires, but I couldn't find my name...

Dave Patterson · 03-14-2010, 08:12 AM

Quote:

Originally Posted by businessmatt

One thing I found disappointing, I looked on that list of all the world's billionaires, but I couldn't find my name...

Don't feel bad...I wasn't even listed under "Honorable Mention"...

Kenster · 03-14-2010, 06:01 PM

Skipped my name to. WTF, they skipped it last year 2

Best,
Wishful thinking

notoriousdyd · 03-15-2010, 09:50 PM

I think that the ranking of billionares is rather a subjective one. Plenty of people would say that its not (he/she with the most money wins). But depending upon ones holdings (tech, medical, real-estate, etc.) a persons portfolio could increase or diminish rather substantially. Therefore people who were a bit further down on the list due to the increased valuation of a particular segement of a portfolio which may have been depressed before may cause a jump in thier ranking. which is not to say that they are or are not better business people. Just variations in portfolio returns. Charitable giving, I agree also makes a difference

notoriousdyd · 03-15-2010, 09:53 PM

Secondarily not to cast dispersions on the new #1. But other countries have a greater propensity for corruption, both in the private and public sectors which can tip the playing field in your favor. Can that lead to greater profits across the board.....?

jewin · 03-15-2010, 10:54 PM

So you're saying if an entrepreneur is located in a country that is rife with corruption, then said entrepreneur has a natural advantage? Does this mean I have to move to Vietnam?

Quote:

Originally Posted by notoriousdyd

Secondarily not to cast dispersions on the new #1. But other countries have a greater propensity for corruption, both in the private and public sectors which can tip the playing field in your favor. Can that lead to greater profits across the board.....?

notoriousdyd · 03-20-2010, 08:22 AM

I'm sure it wouldn't hurt..and I hear the extra-curricular activities are second to none...NOT that I would know..I'm just saying

ClientTell · 03-20-2010, 08:32 AM

Well, like I always say, the world is round. Sometimes you're up, then the next minute you fall down. Nothing's permanent in the world.

tedgichia · 03-20-2010, 01:28 PM

Quote:

Originally Posted by thetrafficaddict

Amazing...

Just goes to show that your background, and country of origin really doesn't matter. It's your mindset, strategy, and execution.

You are absolutely right. It's all depends on the individual

03-11-2010, 10:52 AM	#1
Michael Motley HyperActive Warrior War Room Member Join Date: Oct 2008 Location: U.S. Posts: 385 Thanks: 31 Thanked 256 Times in 182 Posts Social Networking	Bill Gates and Warren Buffett no longer the world's richest The richest man in the world is now from Mexico. Mexico's Slim Becomes 'World's Richest' Person - The Americas - FOXNews.com
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03-11-2010, 11:21 AM	#2
KimW Cranky Old Man War Room Member Join Date: Jul 2002 Location: Virginia,USA. Posts: 1,255 Blog Entries: 1 Thanks: 2,079 Thanked 2,011 Times in 1,144 Posts Social Networking	Re: Bill Gates and Warren Buffett no longer the world's richest I saw this last night. I'm not that surprised.
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03-11-2010, 11:40 AM	#3
Mr. Enthusiastic Enthusiastic Warrior War Room Member Join Date: Nov 2009 Posts: 815 Blog Entries: 4 Thanks: 222 Thanked 224 Times in 170 Posts	Re: Bill Gates and Warren Buffett no longer the world's richest Interesting! His official website is at . Carlos Slim Helú .. In personal and business style he seems to be the anti-Trump. Both look to buy undervalued, overlooked, distressed assets and fix them up. But for Slim, the end result is cardboard-plated for everyday people and profitable, not gold-plated and super-expensive. His pragmatic approach is similar to Buffet's. He's done a lot of philanthropy. The Time profile Carlos Slim's Embarrassment of Riches - TIME reports on allegations of monopolistic practices in Slim's businesses. His New York Times investment, and the lack of coverage in the Times of a major business lawsuit, have also brought controversy. The Story the New York Times Won't Touch \| The Big Money I'm going to learn more about him and his business philosophy! Chris

03-11-2010, 04:06 PM	#4
JBorhez HyperActive Warrior War Room Member Join Date: Sep 2009 Location: Santa Monica Posts: 203 Thanks: 53 Thanked 38 Times in 33 Posts	Re: Bill Gates and Warren Buffett no longer the world's richest I'm not that surprised either. He's been been way up there for a while!
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03-11-2010, 06:34 PM	#5
Kenster Krazy Kenster War Room Member Join Date: Jan 2009 Posts: 5,089 Blog Entries: 11 Thanks: 581 Thanked 1,888 Times in 842 Posts	Re: Bill Gates and Warren Buffett no longer the world's richest You also have to realize that he doesnt donate to the extent that Gates and Warren do.
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03-11-2010, 07:29 PM	#6
thetrafficaddict HyperActive Warrior War Room Member Join Date: Mar 2010 Posts: 180 Thanks: 0 Thanked 12 Times in 10 Posts	Re: Bill Gates and Warren Buffett no longer the world's richest Amazing... Just goes to show that your background, and country of origin really doesn't matter. It's your mindset, strategy, and execution.

03-11-2010, 09:17 PM	#7
Lawrh Ronin War Room Member Join Date: Oct 2008 Location: Near the River Posts: 268 Thanks: 206 Thanked 224 Times in 168 Posts	Re: Bill Gates and Warren Buffett no longer the world's richest This is a repeat. He was number one a couple of years ago. I guess he didn't like being bumped down.
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03-13-2010, 07:19 AM	#8
Jay_Mueller Warrior Member War Room Member Join Date: Jul 2009 Location: Spotsylvainia, Virginia, USA Posts: 17 Thanks: 1 Thanked 0 Times in 0 Posts Social Networking	Re: Bill Gates and Warren Buffett no longer the world's richest I think this is because Bill Gates and Warren Buffett donate a lot of their money to charity.
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03-13-2010, 09:17 AM	#9
derekwong28 Wombat King War Room Member Join Date: Sep 2003 Location: , , . Posts: 1,621 Thanks: 118 Thanked 197 Times in 152 Posts	Re: Bill Gates and Warren Buffett no longer the world's richest I am underwhelmed as well. Bill Gates had already given away more than a third of his fortune. Whereas Carlos Slim took a swipe at Bill Gates by implying that the best way to do charity is to build up profitable businesses.
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03-14-2010, 06:01 PM	#13
Kenster Krazy Kenster War Room Member Join Date: Jan 2009 Posts: 5,089 Blog Entries: 11 Thanks: 581 Thanked 1,888 Times in 842 Posts	Re: Bill Gates and Warren Buffett no longer the world's richest Skipped my name to. WTF, they skipped it last year 2 Best, Wishful thinking
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03-15-2010, 09:50 PM	#14
notoriousdyd Warrior Member Join Date: Mar 2010 Posts: 0 Thanks: 0 Thanked 0 Times in 0 Posts	Re: Bill Gates and Warren Buffett no longer the world's richest I think that the ranking of billionares is rather a subjective one. Plenty of people would say that its not (he/she with the most money wins). But depending upon ones holdings (tech, medical, real-estate, etc.) a persons portfolio could increase or diminish rather substantially. Therefore people who were a bit further down on the list due to the increased valuation of a particular segement of a portfolio which may have been depressed before may cause a jump in thier ranking. which is not to say that they are or are not better business people. Just variations in portfolio returns. Charitable giving, I agree also makes a difference
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03-15-2010, 09:53 PM	#15
notoriousdyd Warrior Member Join Date: Mar 2010 Posts: 0 Thanks: 0 Thanked 0 Times in 0 Posts	Re: Bill Gates and Warren Buffett no longer the world's richest Secondarily not to cast dispersions on the new #1. But other countries have a greater propensity for corruption, both in the private and public sectors which can tip the playing field in your favor. Can that lead to greater profits across the board.....?
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03-20-2010, 08:22 AM	#17
notoriousdyd Warrior Member Join Date: Mar 2010 Posts: 0 Thanks: 0 Thanked 0 Times in 0 Posts	Re: Bill Gates and Warren Buffett no longer the world's richest I'm sure it wouldn't hurt..and I hear the extra-curricular activities are second to none...NOT that I would know..I'm just saying
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03-20-2010, 08:32 AM	#18
ClientTell Warrior Member Join Date: Mar 2010 Posts: 17 Thanks: 0 Thanked 1 Time in 1 Post	Re: Bill Gates and Warren Buffett no longer the world's richest Well, like I always say, the world is round. Sometimes you're up, then the next minute you fall down. Nothing's permanent in the world.
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