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Bill Gates Drops To Number 2
A number of readers made sure we know that Bill Gates is apparently no longer the world's richest person. His wealth, estimated currently at $59.2 billion, has been surpassed by that of Mexican tycoon Carlos Slim. Slim, the son of a Lebanese immigrant, runs businesses in a number of industries from Mexico City. Stock in his wireless company, American Movil, recently surged in price by 27%, boosting his net worth to $67.8 billion. Last April Slim passed Warren Buffet, who had long held down the number 2 spot. In this audio Bill Gates says he won't care when he is no longer number 1.
I thought I had heard that Ingvar Kamprad, the Swedish owner of Ikea, had surpassed Gates due to the slide in world markets of the American dollar versus the Swedish crown.
... but I'm too tired and it's obvious by now that some people agree. Though I'm sure there won't be a lack of posts on that topic for this particular news story.
... will we remember Kamprad or Slim? Highly unlikely. But Gates has touched entire generations with software we been forced to and have chosen to use for better or for worse.
Of course, Forbes never registered that because, I believe, the slide was temporary and the dollar rebounded somewhat and some reports put Kamprad in front of Gates and some didn't.
It's kind of funny when your ranking in the world's richest raises and falls with small market fluctuations. Regardless, I'll throw out the idea that it is extremely likely that Slim's net worth will be 'adjusted' by the stock market in the coming days when his stock is re-evaluated. I could be wrong but Kamprad saw his worth rise on something that is (usually) much more stable than the stock market--his country's currency.
Placing an unprecedented 27% increase in his stocks makes his position as the world's richest man all that much more volatile to me. Then again, I'm not an economist or finance specialist so I could be wrong. How the stock market index seems to consistently return 11% on investments baffles my simple computer scientist mind.
I would also like to point out a few things relating to this #1 position of world's richest man. It's obvious in (at least America) you often need money to make money. More money you have, the easier it seems to be to make money.
I've half a mind to go on a rant about the questionable business model that Gates employed to gain his position as world's richest and keep it
Reason Gates won't care that he's not #1 is probably because he's giving a lot of it away anyway in the end. That and he's made his mark on history
My work here is dung.
Telmex and Microsoft use the same monopolistic practices, Gates and Slim are not very different. They both apply the same practices in different markets. The interesting part is that we will get to see both of them competing in a few years, since POTS is disappearing and the fight will be on VoIP, that's a market both of them will be into.
I Hope we see them fighting each other for control, because if they reach an agreement, for example, m$ makes voip software, and Telmex provides the service, we are really screwed up.
Telmex got here [Argentina] only a few years ago, they acquired CTI (Biggest mobile telco), Techtel (at the time one of the 5 top players in the carrier and corporate market), Ertach (Biggest Wifi ISP), and lots of kilometers of fiber that interconnects the main cities in Argentina from other companies (metrored, etc.). They also are betting money into Telecom. So, in just a few years they become the third biggest player in Argentina (In this order: 1 - Telefonica, 2 - Telecom, 3 - Telmex), But they have a pretty tight relationship with Telecom Argentina (Read: They are buying stock, big time), And Telefonica has a policy of being friendly with the 5 biggest players, and screwing the rest, So they are now the second bigger in Argentina, and the first one keeps them safe.
Be afraid, be very afraid.
WTF am I doing replying to an AC at 5 A.M on a Friday night?
Um, either reason is missing the point.
Technology rules and shapes the human race. He seeks to control all technology. *That's* the real reason to hate him. For 25 years the world has concerned itself with pittiances like who's president and which country has a despot in charge, while right under our noses the biggest monopoly in human history has effectively brought the globe under the dictatorship of Bill Gates - through the computers.
Wait til we rely on biotech to live past 150 years and we're colonizing space. There Gates will be, deciding who lives and who dies and charging everybody 50 cents to breathe. Think the people will wake up then? If so, do we want to wait until it's that bad before we start to resist?