Buffett Overtakes Slim as World's Second-Richest Tom Metcalf and Blake Schmidt - Bloomberg News
go to original March 13, 2014

Warren Buffett, chairman and chief executive officer of Berkshire Hathaway Inc. (Scott Eells/Bloomberg)

Warren Buffett passed Carlos Slim today to become the world’s second-richest person.

The 83-year-old Berkshire Hathaway (A:US) Inc. chairman has a net worth of $63.4 billion, according to the Bloomberg Billionaires Index, up 4.3 percent year-to-date.

... Slim’s fortune has fallen $10.9 billion since the start of 2014 - the most of any billionaire on the Bloomberg ranking - as Mexico City-based America Movil (AMXL) SAB, the largest mobile-phone operator in the Americas, has plummeted 14 percent. He has a $62.9 billion net worth.

... Slim, 74, was unseated as the world’s richest man by Bill Gates in May 2013 as Mexican lawmakers started to tackle the lack of competition in the telecommunications market. Gates, 58, has a net worth of $77.7 billion, according to the ranking.

Read the rest at Businessweek

We invite you to add your charity or supporting organizations' news stories and coming events to PVAngels so we can share them with the world. Do it now!