In today’s time of recession and austerity, the last thing the average person wants to think about is the lives of the rich and famous. However sometimes it’s interesting to ponder on such things. With this in mind, we have decided to look at the world’s richest man and his background.
So who is the richest man in the world?
The simple answer to that is the Columbian Carlos Slim. He’s not a famous celeb but an industrialist who has seen his fortune rise to the levels seen by no other human being in history. His father was a very successful man having purchased prime real estate in 1911, so it stands to reason that his son would follow suit on the same path.
|Image credit: itupictures|
Mr Slim is also the Vice President of the Mexican Stock Exchange as well president of the Mexican Association of Brokerage Houses. In May 2011, he donated $4 billion to his charitable foundation.
He has also ventured into sponsorship and in 2011 he sponsored the Sauber F1 team. Prior to that, he had considered buying the Honda Formula One team.
There has been some criticism directed towards the billionaire, the main one being that he has made his fortune in a nation with a very low per capita income. It also hasn’t gone unnoticed that he has a virtual monopoly on the Mexican landline telecommunications industry due to Telmex’s 90% share of the industry. It is said that Slim’s personal fortune is actually worth 5% of Mexico's annual economic output which does nothing to inspire those who are struggling to make ends meet.
More recently, Carlos has managed to escape a record Mexican fine of an eye-watering $925 million, which was imposed a year ago by Mexico's antitrust commission against America Movil - Slim’s most valuable asset (which accounts for more than half of his net worth)!
Thanks to Ladbrokes for their contribution.