Carlos Slim Gets Richer as Mines, Mobile Beat Gates, Buffett

[Jose]

Bloomberg - ‎02/02/2011‎
1 (Bloomberg) --

Carlos Slim’s Mexican holdings from mining to communications helped
him beat Bill Gates and Warren Buffett on the stock market for the
second straight year, and gains in 2011 may widen his lead atop the
global wealth list.

Slim’s publicly disclosed holdings surged about 37 percent to $70
billion in 2010, with wireless carrier America Movil SAB representing
$48.9 billion of that wealth, according to data compiled by Bloomberg.
The 22 percent jump in Berkshire Hathaway Inc. shares wasn’t enough
for Buffett to catch up, and Gates’s Microsoft Corp. fell, hurting his
returns even as he spread his investments to other companies.


http://www.bloomberg.com/news/2011-02-02/billionaire-slim-gets-richer-as-mining-mobile-beat-gates-buffett-returns.html

[Steve from Colorado]

Post by Jose
Bloomberg - ‎02/02/2011‎
1 (Bloomberg) --
Carlos Slim’s Mexican holdings from mining to communications helped
him beat Bill Gates and Warren Buffett on the stock market for the
second straight year, and gains in 2011 may widen his lead atop the
global wealth list.
Slim’s publicly disclosed holdings surged about 37 percent to $70
billion in 2010, with wireless carrier America Movil SAB representing
$48.9 billion of that wealth, according to data compiled by Bloomberg.
The 22 percent jump in Berkshire Hathaway Inc. shares wasn’t enough
for Buffett to catch up, and Gates’s Microsoft Corp. fell, hurting his
returns even as he spread his investments to other companies.
http://www.bloomberg.com/news/2011-02-02/billionaire-slim-gets-richer...

Too bad all that wealth is going to one selfish pig instead of
benefiting Mexico, which depends on remittances from janitors,
dishwashers, maids, and other workers in El Norte to keep the Mexican
economy from collapsing. Carlos Slim is like Queen Isabella of Spain
who looted the mineral wealth of the Western Hemisphere to fill the
coffers of the Spanish aristocracy with gold and silver. How long
before we hear of another mining accident in Latin America resulting
from the lack of safety considerations from the billionaire owners of
the mines?