You can’t take it with you when you die guys. I mean – THIS IS OBSCENE. It’s just paper wealth … but paper wealth translates into power and real wealth after all. It’s going to be hard to get the torches and pitchforks when the Plutocrats have purchased all the torch and pitchfork companies. I have a brilliant idea; let’s give them all tax cuts.
Bloomberg has the story HERE:
Carlos Slim, 72, remains No. 1 in the world with a net worth of $69.1 billion. The telecommunications tycoon gained $2.55 billion in the week, as shares of his Mexico City-based wireless carrier America Movil SAB leapt 4.05 percent.
On June 21, the company disclosed it had increased its stake in Royal KPN NV, the former Dutch phone monopoly, to 21 percent, up from 8.7 percent. Slim, who agreed to acquire 21 percent of Telekom Austria AG (TKA) on June 15, is taking advantage of distressed prices in Europe to expand America Movil’s assets beyond Latin America, where it’s the biggest carrier.
Bill Gates is almost $8 billion behind Slim. The 56-year- old Microsoft Corp. (MSFT) co-founder’s fortune eked out a $256 million gain as shares of the Redmond, Washington-based company rose 2.27 percent. Microsoft unveiled its Surface tablet computer on June 18, to compete with Apple Inc. (AAPL)’s iPad. Number three on the index is Warren Buffett, 81, with a net worth of $45.7 billion.
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