Bill Gates is no longer the richest man on the planet, as he was inched out by Carlos Slim Helu, according to Forbes:

Though the software visionary's net worth rose $13 billion to a whopping $53 billion in the last year, he was ousted from the top of the money bin by Mexican telecom mogul Carlos Slim Helu, who took the No. 1 spot on Forbes' billionaire list this year, with a fortune of $53.5 billion.

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