Why do I keep missing out on the important stuff?
The 2010 Forbes list was published this morning and once again I’m not there. I’m not really surprised and I’m not really disappointed. It was not one of my personal objectives. We people who don’t make the list every year are not trying to get onto it. We know that we don’t have what it takes and in fact we are happy to be on other lists. As far as it being important, I have some questions about that too.
Who is the richest man of all?
His name is Carlos Slim and he is a 70 year old communications company man from Mexico. Slim beat Bill Gates and Warren Buffett for the top spot on Forbes magazine’s annual list of billionaires, becoming the first person from outside the U.S. to lead the rankings in 16 years. That’s quite an achievement.
How much money does he have?
The net worth of Slim, who built a telecommunications empire after buying Mexico’s state-run phone monopoly two decades ago, rose $18.5 billion to $53.5 billion. Gates, 54, chairman of Microsoft Corp., fell to second as his net worth increased $13 billion to $53 billion. Buffett, 79, chairman of Berkshire Hathaway Inc., was third with $47 billion, a rise of $10 billion. More than 80 percent of Slim’s holdings are held in five public stocks, and his net worth is a reflection of how well those stocks are doing.
Change at the top
Slim is the first person other than Gates, last year’s richest person, or Buffett, to top the list since 1994, which was also the last time a billionaire from outside the U.S. led the ranking: Japanese real estate tycoon Yoshiaki Tsutsumi. “We’ve been watching Slim for a while and wondering when the stars would align and he would take over,” Forbes senior editor Luisa Kroll said in an interview yesterday.
How much is 53.5 billion dollars?
It’s a lot of money and it would fill a lot of space. Here’s a picture for you. If $50 in dollar notes billion was spread over a football field the players would be buried in about 30 feet of money.
Where are Gates and Buffet?
Don’t worry about them. They are still up there in the stars. Gates, who is 54 and the chairman of the Microsoft Corporation, came second by raking in a measly $53 billion and Buffett, 79, the chairman of Berkshire Hathaway Inc., was third with $47 billion. For the middle class among us who pull in anything up to a couple of hundred thousand dollars a year, billions are astronomical amounts of money. For the millionaires among us, a billion is still light years away.
It is do-able
The lesson is that it is possible to make billions. Slim, Gates, Buffet and many others in many countries around the world have done it, so it means that it can be done, right?








