Bill Gates is not the only richest man in the world since Carlos Slim Helu is currently topping the list of billionaires; though by mere a half-billion dollars. Forbes Magazine’s list of 2010 Billionaires shows that with as much wealth as $53.5 billion, telecom mogul Carlos Slim Helu is the present richest man on earth.

His present net worth for the 70-year-old Mexican engineer and philanthropist Carlos Slim Helu shows that he’s got US$53.5 billion in his bank accounts thus; the wealthiest living person on earth right now is Carlos Slim but the Microsoft founder Bill Gates. According to the updates available on this telecommunication industry icon’s wealth he’s grabbed the No. 1 spot among the richest persons of the world.

Though he’s dethroned of his ‘crown’ yet the estimated net worth of Billionaire Bill Gates is mere half-billion dollars lesser than newly crowned Mr. Carlos Slim. There was a significant rise in his dollars for Bill Gates this particular year yet the competition is won by Carlos Slim and the same doesn’t happen so often.

Currently, Bill Gates is not among the active top executives of the Microsoft Empire since he stepped down from his post yet it doesn’t mean we’re not going to hear about his future endeavors; he can strike back any moment. 79-year-old Warren Edward Buffett for instance, also made headlines some two years back when the American investor and legendary businessman knocked Bill Gates off his perch for short time but Bill eventually regained his title.

However, the profile of the new top Billionaire Carlos Slim is rising steadily and over the past 15 months or so, his assets have observed enormous rise too. He’s known for raising money for the telecommunications company through the standby letters of credit’s purchases thus making him allegeable for guaranteed loans; the capital automatically followed.

Carlos Slim