Forbes list of billionaires due out soon

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

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

Related Topics

Stocks

   

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)

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

  • Most Popular
  • Most Shared

Election 2014

REUTERS SHOWCASE

Telecom Sector

Telecom Sector

RComm to raise mobile call tariff by up to 20 percent  Full Article 

Chinese Economy

Chinese Economy

China economic growth slows to 18-month low in first quarter  Full Article 

New Direction

New Direction

CEO Nadella pushes data culture at Microsoft.  Full Article 

Strong Sales Volume

Strong Sales Volume

Small is beautiful for Coca-Cola as volumes soar in China  Full Article 

Breakingviews

Breakingviews

Diageo throws money at Indian empire-building  Full Article 

Toyota's Performance

Toyota's Performance

After two bumper years, Toyota braces for shift to slower growth.  Full Article 

Reuters India Mobile

Reuters India Mobile

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