Bill Gates is once again the world’s richest person. The 57-year old co-founder of software technology giant Microsoft recaptured the title from Mexican investor Carlos Slim yesterday, according to the Bloomberg Billionaires Index, as the software maker hit a five-year high.
Carlos Slim’s America Movil, the largest mobile-phone operator in the Americas, has dropped 14 percent this year after Mexico’s Congress passed a bill that could quash the billionaire’s market dominance. That’s helped erase more than $3 billion from the 73-year-old tycoon’s net worth.
“When they’re talking about reform in a country that’s generally poor, and the guy shows up No. 1 on the list — not a good thing,” said Greg Lesko, managing director at New York-based Deltec Asset Management LLC, which oversees $750 million and has an “underweight” position in Slim’s flagship company. “He’s had a pretty good monopoly situation in Mexico, and the Mexican cellphone user has been paying more than he should. We applaud it for the country.”
Via: Bloomberg
Distributed Denial-of-Service (DDoS) attacks are no longer just a nuisance of the digital underground, they’ve…
Virtual Reality (VR) promises immersion, but what if that immersion turns against you? A new…
The Tech Panda takes a look at how Indian companies are partnering with foreign businesses…
The Tech Panda takes a look at the investment temperament in the Indian startup ecosystem.…
Big Tech is no longer content with just running user feeds, they want wallets too.…
Indian shoppers could be shopping internationally using their UPI accounts sitting at home, thanks to…