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Two of the World’s Wealthiest Billionaires Team Up

12 September, 2012

The World’s two richest humans,Carlos Slim,a Mexican,and Bill Gates,an American,are teaming up to donate $150 million of their own money to fight malnutrition,malaria and other health problems in Mexico,Central America and elsewhere around the world.

For those who may not know,Carlos Slim,the poor Mexican son of a Lebanese immigrant store owner,just surpassed Bill Gates this year to become the first non-American in 16 years to be named the “Richest Man In the World”. Gates dropped to second place.

One likely reason for this unlikely “changing of the guard” may be the surprisingly,strong Mexican economy. Moody’s just announced that Mexico’s economy is surging out of the global crisis at a 4.3% growth rate,faster than most other countries (including U.S.) and Mexico got another boost two weeks ago when Bloomberg reported that the peso has out-performed every other major currency against the dollar so far this year.

Foundations run by Mexican telecom magnate Carlos Slim and Microsoft founder Bill Gates will each donate $50 million to the Meso-American Health Initiative. Together they will also focus on reducing childbirth deaths and vaccination campaigns in over 8 countries. 

Although $150 million represents a mere “drop in the bucket” of their collective,12-digit fortunes,the role reversals of world’s richest men does serve as an icon for how the world’s economies are quickly changing and the need to work together for the common good.

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