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Carlos Slim overtakes Warren Buffett as world's 2nd-richest

April 12, 2007

Mexican telecom magnate Carlos Slim has quietly overtaken investor Warren Buffett as the world's second-richest man and is close to wresting the top spot from Bill Gates, Forbes magazine reported Wednesday.

In the two months since Forbes calculated its 2007 wealth rankings, the 67-year-old Slim's fortune rose $4 billion to $53.1 billion, while Buffett's holdings slipped to $52.4 billion as of March 29.

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