Bill Gates not the world's richest person anymore

According to Sentido Comun, Carlos Slim Helu has surpassed Bill gates as the world’s wealthiest person. The Mexican magazine estimates Slim to be worth about $67.8 billion, while Gates is estimated at "just" $59.2 billion.

Slim, who controls Teléfonos de Mexico (Telmex), has been climbing up the ladder over the past months and was recently ranked at #2 on Forbes’ list of the world’s richest people. Sentido Comun believes that the sharp price increase of Telmex stock - +27% between March and June of this year - was the single most important reason that allowed 67-year old Slim to reach the top spot.

Besides Telmex, Slim’s holdings include five insurance companies, a retail chain, mining companies, an auto parts manufacturing company, a bank and a tobacco company. He also has an investment history in the U.S. where he owns CompUSA and Saks Fifth Avenue.