Carlos Slim Tops Bill Gates, Warren Buffett

Mexican telecom tycoon Carlos Slim is the world's richest man with a fortune estimated at $53.5 billion.
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NEW YORK (

TheStreet

) --

Bill Gates

and

Warren Buffett

are no longer the world's richest men.

Carlos Slim Helu

, who owns telecom holdings including

American Movil

(AMX) - Get Report

, is now No. 1, according to the 2010

Forbes

list of the world's billionaires.

The Mexican mobile tycoon's fortune has risen to an estimated $53.5 billion, up $18.5 billion in 12 months,

Forbes

says.

Gates, chairman and co-founder of

Microsoft

(MSFT) - Get Report

, with a fortune valued at $53 billion, ranked second in the world. Gates held the title as the world's richest 14 of the past 15 years.

Buffett ranks third as his fortune increased $10 billion to $47 billion on rising shares of his investment vehicle

Berkshire Hathaway

. His $5 billion investment in

Goldman Sachs

(GS) - Get Report

played a part in his boosting his fortune.

-- Written by Joseph Woelfel in New York.

>>>Also see: Carlos Slim Helu's Holdings

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