Carlos Slim Beats Bill Gates as World’s Wealthiest Dude
Did you know that Bloomberg ranks the world’s billionaires on a daily basis (no pressure!) and Carlos Slim has beaten out Bill Gates as the world’s richest man.
Rankings weigh each billionaire’s fortune accounting for market fluctuations and other factors, reporting back a result at 5:30 PM each day, Eastern time. As markets closed on March 2nd, Slim had edged out Gates and Warren Buffett, who came in at two and three, respectively. Eike Batista of Brazil is 10th, and when the March 2 rankings were announced, he reaffirmed his desire to be number one by 2015. Batista said:
“I’m competitive… It’s Brazil’s time to be No. 1. Brazilians have always admired the American dream. What’s happening in Brazil is the Brazilian dream and I happen to be the example.”
Based on a roughly $100 billion valuation the Menlo Park, California-based company has been trading at in the private market, Zuckerberg’s stake may be worth $21 billion, or about 25 percent less than previous estimates, once Facebook holds its initial public offering.