Carlos Slim beaten by Bill Gates

By approximately $600 million dollars

Carlos Slim has left his position as the "world's richest" person. This after the telecommunications reform was approved in Mexico. Bill Gates is who now holds the title.

On four occasions, Carlos Slim had been crowned as the person with the greatest fortune, but today, Bloomberg announced the new figures where Bill Gates has surpassed Slim by approximately $600 million dollars.

Through America Movil, Carlos Slim owned 70% of mobile phone market in Mexico and 80% of landlines. But, in the brand new reform telecommunications companies may not own more than 50% of the market in which they operate in. These changes led to Slim's fortune to lose close to two billion dollars.


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