Monday, November 29, 2010

ECONOMICS: Top 10 Richest Men of All Time

NUMBER 10: Carlos Slim Helu (1940 - ) $60 Billion

The Mexican communications industry and other interests have been kind to Carlos Slim, to say the least. It’s said that between 2005 and 2007, Slim’s worth has doubled. In that period, his fortune grew around $27 million -- daily. The reason is simple: he owns everything in Mexico. Over 200 companies are under his thumb, ranging from the aforementioned telecom to transportation, and from cigarettes to soft drinks. He’s dismissed the title of “world’s richest man” with indifference, claiming that designation isn’t his kind of competition. Whether he wants it or not, he has been designated as one of the world’s richest men.



NUMBER 9: Warrent Buffet (1930 - ) $62 Billion

Like many who can afford to do so, Warren Buffett doesn’t mind pursuing new acquisitions when the economy is tanking. His latest was a joint effort with Mars for a $23 billion buy of Wrigley. Still, you might get the impression that he’s not in all this for the same reasons as others. This is the man who appeared before Congress last fall and warned of the rise of “dynastic wealth,” stressing the importance of the estate tax. Buffett also earmarked $31 billion for the Bill and Melinda Gates Foundation. Only the richest men of all time can donate billions.




NUMBER 8: Sam Walton (1918 - 1992) $62.1 Billion

Sam Walton’s passing in 1992 came too soon for him to see the full potential of his Wal-Mart empire, though he was certainly successful in his lifetime. Much of it came from offering things that we take for granted today: good variety and convenient store hours, for example. He also set the stage for efficient, cost-effective central warehousing of merchandise, extending his competitive reach into smaller markets and well beyond his first store in Arkansas.



The difference between $62.1-Billion and the Net Worth of NUMBER 1 is 261.3-Billion. FIND OUT WHO THE 7 RICHEST MEN OF ALL TIME ARE HERE.

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