World’s Richest Man Inflated by Most-Expensive Mexico Stocks

Carlos Slim is clinging to his title as the world’s richest person thanks to stakes in the priciest publicly traded companies in his native Mexico, even as his biggest holding plummets in value.

While Slim, 73, is best known as the majority owner of embattled wireless carrier America Movil SAB, his banking, mining and construction companies are so expensive that if they aligned with industry averages, he would relinquish the mantle to Microsoft co-founder Bill Gates.