Billionaire Loser of the Week: Carlos Slim
The richest man in Mexico is no longer the richest man in the world. Carlos Slim lost $2.3 billion, or 3.1 percent of his net worth, in the past week. That leaves Slim with an estimated net worth of $72.1 billion, putting him second on the Bloomberg Billionaires Index to Microsoft founder Bill Gates, whose fortune is estimated at $72.7 billion.
As Bloomberg's Peter Newcomb and Crayton Harrison explained on Bloomberg TV, one reason for Slim's falling rank is political pressure on him in Mexico. Then there's also Bill Gates' rise, fueled by a 29 percent surge in Microsoft shares so far this year.