urltea.com/5ef -> news.yahoo.com/s/ap/20070412/ap_on_bi_ge/mexico_second_richest_man_2
In an article on its Web site, Forbes attributed part of Slim's "amazing run" to a 15 percent increase in the stock price of Carso Global Telecom, part of a larger rally in Mexican stocks. Slim's America Movil cell phone company also soared on news of a possible acquisition of Telecom Italia. In the 2007 rankings released March 8 -- but prepared almost a month earlier -- Forbes had listed Slim as the world's third-richest man and estimated Gates' fortune at $56 billion. "It's not about having who knows how many bonds, to spend them on whatever one wants or live it up all year," said Slim, an engineer who wears modest suits and whose main indulgence appears to be expensive cigars. "It's very interesting, because he leaves those who are running his affairs the responsibility of being very profitable," Slim said of Buffett. "If they're inefficient or don't get real-term returns, they're not going to be running anything." "Our concept is more to accomplish and solve things, rather than giving -- that is, not going around like Santa Claus," Slim said.
Carlos Slim is seen during a news conference in Mexico City, Monday, March 12 , 2007. The Mexican telecom magnate overtook investor Warren Buffett to become the world's second-richest man and is now close to wresting the top spot from Bill Gates, Forbes magazine reported Wednesday, April 11, 2007.
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