Carlos Slim’s Mexican holdings from mining to communications helped him beat Bill Gates and Warren Buffett on the stock market for the second straight year, and gains in 2011 may widen his lead atop the global wealth list .
Slim’s publicly disclosed holdings surged about 37% to $70 billion in 2010, with wireless carrier America Movil SAB representing $48.9 billion of that wealth. The 22% jump in Berkshire Hathaway shares wasn’t enough for Buffett to catch up, and Gates’s Microsoft fell, hurting his returns even as he spread his investments to other companies.
more at economictimes
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