Carlos Slim has bumped Bill Gates off the top of the richest of the rich list. I actually recognized the name of the new richest because of a New Yorker story. It isn’t available to non-subscribers on the website, but here’s an interesting NYer blog entry with the author of the piece. This link takes you to the richest guy data.
When Slim married, his mother offered to buy him a house—a family custom. Slim said that he would prefer the cash equivalent. Upon receiving a million pesos from his mother, he built a twelve-story condominium in Mexico City. He and Soumaya occupied the ninth floor and rented out the other apartments.
Slim continued acquiring businesses—a copper mine and a printing company among them—but his most significant purchase was the cigarette manufacturer Cigatam, which at the time had the Mexican license for Marlboros. Cigatam provided Slim with a critical ingredient for amassing a fortune: steady cash flow.
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