Mexican telecom mogul tops list of world’s richest

The World

Bill Gates is no longer the king of the hill when it comes to the world’s richest people. Forbes Magazine has released its new list of the world’s biggest billionaires, and William Gates III is in the number two slot, behind Carlos Slim Helú, a self-made telecom mogul from Mexico. Slim, worth $53.5 billion, is the first man from a developing country to top the list.

Loan Grillo, Time Magazine correspondent stationed in Mexico City, tells us more.

Help keep The World going strong!

The article you just read is free because dedicated readers and listeners like you chose to support our nonprofit newsroom. Our team works tirelessly to ensure you hear the latest in international, human-centered reporting every weekday. But our work would not be possible without you. We need your help.

Make a gift today to help us reach our $25,000 goal and keep The World going strong. Every gift will get us one step closer.