Thursday, March 11, 2010

Back on Top with Billions

No...not me. For the first time since 1994, a non-American has topped Forbes list of richest people in the world. And where does he hail from? Not from an oil-rich Middle Eastern state or a burgeoning Asian economy like you might expect. He lives just south of the border in my former home of Mexico City.

Is this a sign of the times and the blossoming economy of Mexico? Unfortunately, the hard numbers tell a different story. As you can see in the video, Mexican tycoon Carlos Slim claims Mexico will reach a developed nation status in 10 years. That's a nice idea, but with men like Slim who possess near monopolies in a country that still has nearly half of its population living in poverty, that would be a pretty big jump.