A Mexican telecoms tycoon has toppled Bill Gates, the Microsoft co-founder, as the world’s richest man after amassing a $67.8 billion (£33.6 billion) fortune.

Sentido Común, a Mexican financial website, has calculated that Carlos Slim Helú, a 67-year-old turnaround specialist, is worth $8.6 billion more than Mr Gates.

The rocketing share price of América Móvil, one of Mr Slim’s telecoms companies, helped to push him into first place, according to Sentido Comun’s founder Eduardo Garcia.

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http://business.timesonline.co.uk/tol/business/industry_sectors/telecoms/article2023023.ece

 

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