ChatDD Blog

Bill Gates ain’t the richest man of the world anymore.

Carlos Slim Helu takes No. 1 spot on Forbes World’s Billionaires List.

1) Carlos Slim Helu

Net Worth: $53.5 billion

Source: Telecom

Residence: Mexico

• Telecom tycoon who pounced on privatization of Mexico’s national telephone company in the 1990s becomes world’s richest person for first time after coming in third place last year. Net worth up $18.5 billion in a year.

2) Bill Gates

Net Worth: $53 billion

Source: Microsoft

Residence: U.S.

• Software visionary is now the world’s second-richest man. Net worth still up $13 billion in a year as Microsoft shares rose 50% in 12 months, value of investment vehicle Cascade swelled.