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Mexico's Carlos Slim Retains Title of World's Richest Man

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Mexico's telecoms tycoon, Carlos Slim has seen his personal fortune jump by more than a third over the past year to reach USD74 billion, according to the annual "rich list" from Forbes Magazine. Microsoft founder turned Philanthropist, Bill Gates is second with a fortune of USD56 billion.

Carlos Slim is the chairman and CEO of telecommunications companies Telmex and America Movil and has extensive holdings in other Mexican companies through his conglomerate, Grupo Carso, as well as business interests elsewhere in the world. America Movil, which at 2010 was Latin America's largest mobile-phone carrier, accounted for around USD49 billion of his wealth by the end of 2010.

Forbes said that over 200 people joined the billionaires list over the past year, taking the global total to a record high of 1,210 billionaires. Six of the billionaires are linked to the Facebook website, including Dustin Moskovitz, who is the youngest person on the list at 26.

Ikea founder, Ingvar Kamprad, who controversially hides his assets via a Dutch charity for tax reasons saw his personal fortune drop from USD17 billion to USD6 billion.

The collective wealth of the billionaires on the list also hit a new record of $4.5 trillion.

Asia also overtook Europe for having the most billionaires, with 332 to 300, while the USA remained the top region with 413 billionaires. China and Russia have 115 and 101 billionaires respectively, with Moscow now home to more billionaires than any other city in the world.

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