> Warren Buffett Blog: Warren Buffett beats Carlos Slim to second richest man

Tuesday, March 18, 2014

Warren Buffett beats Carlos Slim to second richest man

Warren Buffett has passed Carlos Slim to become the world’s second-richest person. 

The 83-year-old Berkshire Hathaway Inc. chairman has an estimated net worth of US$63.4 billion.

Berkshire said March 1 that its annual profit climbed to a record US$19.5 billion on gains at its operating businesses, including railroad Burlington Northern Santa Fe, which Buffett bought in 2010. 

Slim’s fortune has fallen US$10.9 billion since the start of 2014 — the most of any billionaire on the Bloomberg ranking — as Mexico City-based America Movil SAB, the largest mobile-phone operator in the Americas, has plummeted 14%. He has a US$62.9 billion net worth.