Forbes magazine now lists Mexico’s Carlos Slim as the wealthiest man in the world. His wealth is estimated at $74 Billion. Poor Bill Gates has a mere $56 Billion and Warren Buffet is at $50 Billion.
According to Forbes, Slim’s wealth grew by $20.5 Billion last year. The Associated Press reports “Mexico has such a highly concentrated economy — in which one or two firms control a sector such as cement, tortillas, beer or television programming.”
“It is like watching a battle between Godzilla and King Kong,” said Daniel Gershenson, a founder of the consumer advocacy group Alconsumidor. “The truth is that we consumers can’t find a good guy in this battle. We hope they both lose.”
The Associated press reports that Slim built his fortune in a country where most people — 59.5 percent — are paid $15 a day or less, and 38.7 percent get $10 or less.
Meanwhile the United States has received an estimated at least 12 million illegal aliens from Mexico thus relieving their population of poor uneducated people. Mr. Slim and his compatriots couldn’t be happier.
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