"“We have lent a huge amount of money to the U.S. Of course we are concerned about the safety of our assets. To be honest, I am definitely a little worried.” "

Chinese premier Wen Jiabao 12th March 2009

""We have a financial system that is run by private shareholders, managed by private institutions, and we'd like to do our best to preserve that system."

Timothy Geithner US Secretary of the Treasury, previously President of the Federal Reserve Bank of New York.1/3/2009

Sunday, July 29, 2007

The worlds's richest man

Carlos Slim Helú Aglamaz was born in Mexico City on January 28th 1940 the sone of Julián Slim Haddad Aglamaz, a Lebanese Marronite Christian who had emigrated from the Lebanese hill village of Jezzine as a teenager.

90% of the telephone lines in Mexico are operated by Telmex which he bought when the Mexican phone system was privatised. Telcel is the local mobile company with 80% of all cellphones in Mexico. Both companies are largely owned and operated by Slim.

His wireless carrier América Móvil has more than 125 million users (Dec 2006) across a slew of mobile phone companies he owns across South America - he bought Verizon's SA interests last year for US$3.6Bn.

His worth is estimated at US$67.9 Billion which is equivalent to 7% of Mexico's annual output.

He is 67. He is the world's richest man.

... and you have probably never heard of him

UPDATE 4/8/07 Wall Street Journal have a lengthy. detailed and insteresting article about Slim yestreday.

The pic BTW is of King Midas about to be torched ( a fate he esacpes incidentally) on a Greek urn.

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(C) Very Seriously Disorganised Criminals 2002/3/4/5/6/7/8/9 - copy anything you wish