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March 14, 2010
Michael Lee Chin heng on to rich list by did skin of him teeth!
Billionaire Michael Lee Chin just barely kotch on to did bottom a did world rich people list. Him is 937 out of 1000. And him value one billion Canadian dollars.
But Missa Lee Chin drop off bad, cause just four year ago di man did worth Canadian 2.1 billion. Dem call him turn in fortunes the ‘global financial meltdown’, which some people say is just a nice term fi di word 'reaction'.
Missa Lee Chin haffi a sell off all a him sinting dem including him Canadian wealth management and mutual fund business, AIC. What a prekeh! And him owe him investor dem inna Barbados US$50 million and him miss three deadline fi repay. That kinda sound familiar. And NCB inna Jamaica just say dem a go lay off how much people.
It don’t look pretty at all. But all we can do is watch and see how this story is gonna unfold. Missa Lee Chin, we wish you all did best.
And … the new richest man in the world is — Carlos Slim
Mexican telecom giant Carlos Slim has topped Forbes magazine's billionaire's list - the first time since 1994 that an American has not led the rankings.
His telecommunications company America Movil is the parent company of Claro Jamaica.
Mr. Slim's fortune rose by US$18.5 billion last year to US$53.5 billion.
That beat Microsoft founder Bill Gates US$53 billion into second place, with US investor Warren Buffet with $43 billion at third.
Forbes said in 2009, 332 names left the list after a tough year, but the total number of billionaires on this year's list rose from 793 to 1,011.
A spokesman for Carlos Slim refused to confirm the Forbes estimate of the Mexican tycoon's wealth, saying they did not waste time on such calculations, but welcomed the result.
The year's biggest gainer, Brazilian mining tycoon Eike Batista, broke into the top 10 for the first time.
He came in at number seven, having boosting his wealth by US$19.5 billion to US$27 billion.