Carlos Slim Helú the world's 2nd-richest man

Mexican telecom magnate, with $53.1 billion, has eclipsed Warren Buffett's investing fortune, according to a report.


NEW YORK (CNNMoney.com) -- Mexican telecom owner Carlos Slim Helú has become the world's second-richest man behind Bill Gates, according to a news report Thursday.

As of the market's close late Wednesday, Slim is worth $53.1 billion, compared to Buffett's fortune of $52.4 billion, according to Forbes.

Mexican telecom owner Carlos Slim Helú
Mexican telecom owner Carlos Slim Helú

Warren Buffett, CEO of Berkshire Hathaway (Charts), had been the world's second-richest man for the past seven years.

Gates, Microsoft's (Charts) co-founder and the world's richest man with $56.0 billion, has held the title for a record 13 years, according to Forbes.com.

Slim's fortune has increased by $4 billion in the past two months, as shares of one of his main investments, Carso Global Telecom, have jumped 15 percent over the period, said the report.

His principal investment, wireless operator América Móvil, has also risen lately, up 4 percent.

Slim's net worth is equal to roughly 7 percent of Mexico's total annual economic output, according to Forbes.com.

He is 67 years old.


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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.