On March 5, 2008, Forbes magazine ranked Slim as the world's second-richest person, behind Warren Buffett and ahead of former world's richest man Bill Gates.[1] During some parts of 2007, several major financial publications had ranked Slim as the richest person on Earth.
On August 8, 2007, Fortune magazine reported that Slim had overtaken Bill Gates as the world's richest man. Slim's estimated fortune soared to US$68 billion, based on the value of his public holdings at the end of July. Microsoft founder Bill Gates' net worth was estimated to be at least US$58 billion.[3][4]
On August 4, 2007, The Wall Street Journal ran a cover story profiling Slim. The article said, "While the market value of his stake in publicly traded companies could decline at any time, at the moment he is probably wealthier than Bill Gates".[3] On March 29, 2007, Slim surpassed Warren Buffett as the world's second richest person with an estimated Net Worth of US$53.1 billion compared to Buffett's US$52.4 billion.[5] According to The Wall Street Journal, Slim credits part of his ability to discover investment opportunities early to the writings of his friend, futurist author Alvin Toffler.
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