Friday, 17 May 2013

Bill Gates is World Richest Man again.

The 57-year-old co-founder of Redmond, Washington-based Microsoft Corp. recaptured the title from Mexican investor Carlos Slim yesterday, according to the Bloomberg Billionaires Index, as the software maker hit a five-year high. It is the first time Gates has held the mantle since 2007. His fortune is valued at US$72.7 billion, up 16% year-to-date.

Slim’s America Movil SAB, the largest mobile-phone operator in America, has dropped 14% this year after Mexico’s Congress passed a bill that could quash the billionaire’s market dominance. That’s helped erase more than US$3 billion from the 73-year-old tycoon’s net worth.


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