Fat Chance of Beating Mexico's Carlos Slim as Latin America's Richest Man Fox News Latino
go to original March 24, 2014

Carlos Slim Helú in his art gallery down the hall from his Mexico City office.  (Adriana Zehbrauskas/New York Times)

It’s good to be number one, even if it’s only in Latin America. Just ask Carlos Slim.

The Mexican billionaire may have lost his place as the world’s richest man to Microsoft’s Bill Gates, but he still sits atop the pile in his regional turf, according to Forbes magazine.

While there are 114 billionaires in Latin America worth a total of $440 billion, the Mexican telecom magnate’s $72 billion fortune puts him well ahead of No. 2 Jorge Paulo Lemann, a Brazilian private equity giant worth $19.7 billion.

Slim may take the overall prize, but Brazil has more billionaires than any other country in Latin America. The emerging global power is home to 65 billionaires – 11 of whom are in the top 25 – and many of them have recently joined the Forbes’ list. Number three on the list, Brazilian banking giant Joseph Safra, built a $16 billion empire that has almost doubled in value over the last five years.

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