To the victor, the spoils. Back in 2007, the last surge in emerging markets stocks before the credit crisis briefly made Carlos Slim, the Mexican telecoms magnate, the world's richest man.
Then the credit crisis intervened. Emerging markets sold off more than others and he was overtaken again by Warren Buffett of Berkshire Hathaway and Bill Gates of Microsoft.
With markets safe for risk takers once more in the past 12 months, Mr Slim could no longer be denied, and Forbes yesterday confirmed that he was the wealthiest man with $53.5bn.
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