The World Richest Persons in the World

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THE RICHEST PERSONSIN THE WORLD

TOP 10 LIST FOR 2010

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Telecom, Mexico. Telecom tycoon who pounced on privatization of Mexico·s

national telephone company in the 1990s becomes world·srichest person for first time after coming in third place last

 year. Net worth up $18.5 billion in a year. Recently receivedregulatory approval to merge his fixed-line assets intoAmerican Movil, Latin America·s biggest mobile phonecompany.

No.1 Carlos Slim Helu

$53.5 billion

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Microsoft, U.S. Software visionary is now the world·s second-richest man.

Net worth still up $13 billion in a year as Microsoft sharesrose 50% in 12 months, value of investment vehicle Cascade

swelled. More than 60% of fortune held outside Microsoft;investments include Four Seasons hotels, Televisa, AutoNation. Stepped down from day-to-day duties at Microsoftin 2008 to focus on philanthropy.

No.2 Bill Gates$53 billion

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America·s favorite investor up $10 billion in past 12 monthson surging Berkshire Hathaway shares; says U.S. hassurvived economic "Pearl Harbor," but warns recovery will beslow. Shrewdly invested $5 billion in Goldman Sachs and $3

billion in General Electric amid 2008 market collapse.Recently acquired railroad giant Burlington Northern SantaFe for $26 billion.

No.3 Warren Buffett$47 billion ² Investments, U.S.

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Global ambitions: His Reliance Industries, already India·smost valuable company, recently bid $2 billion for 65% stakein troubled Canadian oil sands outfit Value Creations. Firm·s$14.5 billion offer to buy bankrupt petrochemicals makerLyondellBasell was rejected. Since September company has

sold Treasury shares worth $2 billion to be used foracquisitions. Late father, Dhirubhai, founded Reliance andbuilt it into a massive conglomerate.

No.4 Mukesh Ambani$29 billion- Petrochemicals,oil and gas. India.

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London·s richest resident oversees ArcelorMittal, world·slargest steel maker. Net profits fell 75% in 2009. Mittaltook 12% pay cut but improved outlook pushed stock up one-

third in past year. Looking to expand in his native India;wants to build steel mills in Jharkhad and Orissa but has notreceived government approval. Earned $1.1 billion for sellinghis interest in a Kazakh refinery in December

No.5 Lakshmi Mittal$28.7 billion ² Steel, India.

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Oracle founder·s fortune continues to soar; shares up 70% in

past 12 months. Database giant has bought 57 companies inthe past five years. Completed $7.4 billion buyout of SunMicrosystems in January; acquired BEA Systems for $8.5billion in 2008. Studied physics at U. of Chicago; didn·tgraduate. Started Oracle 1977; took public a day beforeMicrosoft in 1986.

No.6 Lawrence Ellison$28 billion ² Oracle, U.S.

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Luxury goods, France. Bling is back, helping fashion icon grab title of richest

European as shares of his luxury goods outfit LVMH²maker

of Louis Vuitton, Moet & Chandon²surge 57%. LVMH isdeveloping upscale Shanghai commercial property, L·AvenueShanghai, with Macau billionaire Stanley Ho.

No.7 Bernard Arnault$27.5 billion

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Mining, oil. Brazil. Vowing to become world·s richest man²and he may be on his

way. This year·s biggest gainer added $19.5 billion to hispersonal balance sheet. Son of Brazil·s revered formermining minister who presided over mining giant CompanhiaVale do Rio Doce got his start in gold trading and mining.

No.8 Eike Batista$27 billion

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Fashion retail, Spain. Style maven lords over Inditex; fashion firm, which operates

under several brand names including Zara, Massimo Dutti andStradivarius, has 4,500 stores in 73 countries including new

spots in Mexico and Syria. Set up joint venture with TataGroup subsidiary to enter India in 2010. Betting on Floridareal estate: bought Coral Gables office tower that iscurrently home toBacardi USA.

No.9 Amancio Ortega$25 billion

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Supermarkets, Germany. Owns discount supermarket giant Aldi Sud, one of Germany·s

(and Europe·s) dominant grocers. Has 1,000 stores in U.S.across 29 states. Estimated sales: $37 billion. Plans to openNew York City store this year. With younger brother, Theo,transformed mother·s corner grocery store into Aldi afterWorld War II. Brothers split ownership in 1961; Karl tookthe stores in southern Germany, plus the rights to the brandin the U.K., Australia and the U.S. Theo got northernGermany and the rest of Europe.

No.10 Karl Albrecht$23.5 billion

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