Sexual Harassment Case

  • Most Popular
  • Most Shared

REUTERS SHOWCASE

Rate Cut Hopes

Rate Cut Hopes

BarCap expects bigger rate cuts in India in 2013.  Full Article 

Tumblr Sold

Tumblr Sold

Yahoo buying Tumblr for $1.1 bln, vows not to screw it up  Full Article | Related Story 

Out of China

Out of China

Goldman exits China's ICBC, seven years and billions later.  Full Article 

Debt-for-Fuel Deal

Debt-for-Fuel Deal

Essar Oil to sign $1 bln debt-for-fuel deal with China  Full Article 

Under Scrutiny

Under Scrutiny

Apple, U.S. Congress spar over taxes ahead of Tuesday hearing.  Full Article 

Bond Business

Bond Business

RBI says foreign investors may buy inflation-linked bonds  Full Article | Related Story 

Buy, Sell or Hold?

Buy, Sell or Hold?

Confused while buying stocks? Get buy, sell or hold recommendations from VantageTrade.  Full Coverage 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage 

Forbes list of billionaires due out soon

Related Topics

Stocks

   
Track BSE Sectoral Indices

Track Markets: BSE Sectoral Indices

Track and analyse performance of all BSE sectoral indices and other global indices on a single page.   Full Coverage 

Mexican tycoon Carlos Slim arrives to attend the opening of the Soumaya museum in Mexico City March 1, 2011. REUTERS/Henry Romero/Files

Mexican tycoon Carlos Slim arrives to attend the opening of the Soumaya museum in Mexico City March 1, 2011.

Credit: Reuters/Henry Romero/Files

NEW YORK | Wed Mar 7, 2012 9:54pm IST

NEW YORK (Reuters) - Forbes magazine is due to release its annual list of the world's billionaires around midday on Wednesday, with Mexico's Carlos Slim poised to retain the top spot and attention focused on how far up the list Facebook's IPO has catapulted Mark Zuckerberg.

The list is due out online sometime after noon EST (1700 GMT), ranking each of the world's more than 1,000 billionaires in the magazine's 25th annual issue on the world's wealthiest people.

Slim made much of his fortune as a telecommunications magnate who has expanded into retail, finance, commodities and energy.

In recent years he has taken larger stakes abroad, owning parts of department store operator Saks Inc (SKS.N), publisher New York Times Co (NYT.N) and money manager BlackRock Inc (BLK.N). In June he sold his stake in oil services company Bronco Drilling for a tidy profit.

Last year he expanded his Forbes lead over Bill Gates and Warren Buffett, in part because those two men, especially Gates, have given away much of their fortunes to charity.

While Slim has become involved in combating poverty, illiteracy and poor healthcare in Latin America and in promoting sports projects for the poor, he has never voiced plans to give away large chunks of his wealth to charity.

Zuckerberg and other Facebook billionaires could move up the list this year after the company detailed plans on February 1 for an initial public offering valuing the company at a projected $100 billion.

On paper, Zuckerberg's net worth should take another leap considering his 28.4 percent stake in the company.

For the 2011 Forbes list, the Facebook cofounder and chief executive ranked No. 52, with an estimated worth of $13.5 billion. That was up from the 212th position and $4 billion in 2010.

(Reporting By Daniel Trotta; editing by Matthew Lewis)

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.