Down Mexico Way: Will State-of-the-Art Tech Lure Liquidity?
Brazil’s Eike Batista once boasted that he would overtake Mexico’s Carlos Slim as the richest man in the world. That was before he lost $19.4 billion, two-thirds of his asset valuation, last year. For the fourth year in a row, telecoms mogul Slim remains the big kahuna, pocketing $4 billion in 2012 for a total of $73 billion. Batista, a mining and oil magnate, dropped from seventh place to 100th, with $10.6 billion.
Mexicans holding their own against Brazilians in the world of finance are
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