Rumors have it that the richest man in the world is not Bill Gates, not Warren Buffett, not Carlos Slim, but the much hated president of Egypt, . More official sources however, still consider Carlos Slim to be the wealthiest man alive.
But how did the successful Mexican billionaire get where he is today? Well, the recipe seems to be quite simple. All you need to do is have a great economic power and own a huge market share in Mexico. That’s a very good first step.
Then, even though your stakes in The New York Times go down 21% and your Telefons de Mexico company does not bring too much profit, your shares in Grupo Carso and in American Movil should increase by 80% and 15% respectively. Oh, and let’s not forget the 64% increase in profit from Saks department-store chain.