Carlos Slim Trumps Gates As World's Richest Man

"Many people want to leave a better world for their children," he told the crowd. "I'm trying to leave better children for my world." -Carlos Slim

(FORTUNE) By our calculations, the 67-year-old Slim has amassed a $59 billion fortune, based on the value of his public holdings at the end of July. This number puts him just ahead of perennial No. 1, Microsoft founder Bill Gates, whose net worth is estimated to be at least $58 billion. But Gates is selling off his single greatest source of wealth, Microsoft stock, to fund his foundation, while Slim's fortune is growing at a stunning clip. His net worth jumped $12 billion this year alone. His family's holdings represent more than 5% of Mexico's 2006 gross domestic product, and Slim-controlled companies make up one-third of the $422 billion Mexican Bolsa, or stock exchange.

Portly and often puffing a cigar, Slim could pass for a latter-day Latin American J.P. Morgan. But with his dominant stakes in everything from phones to finance, his business profile more closely resembles that of John D. Rockefeller, who likewise thrived in a loosely regulated environment. (For the record, though, even in current dollars Rockefeller's wealth pales in comparison to Slim's: At his death in 1937, Rockefeller was worth $20.3 billion, representing one fifty-second of 1937 U.S. GDP.) The average Mexican encounters a Slim-owned business when she visits an ATM, drives a car, stops for coffee, and especially when she picks up the phone - Slim's Teléfonos de México controls 92% of the country's phone lines, and his América Móvil wireless service has a 70% market share. George W. Grayson, a professor of government at the College of William & Mary, coined the term "Slimlandia" to describe how entrenched the Slim family's companies are in the daily life of Mexicans.

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Fortune Mag:Attracting the twentysomething worker

Here's some excerpts from a piece on Generation Y Workers from June Issue of Fortune.

The baby-boomers' kids are marching into the workplace, and look out: This crop of twentysomethings really is different. Fortune's Nadira Hira presents a field guide to Generation Y.

Nearly every businessperson over 30 has done it: sat in his office after a staff meeting and - reflecting upon the 25-year-old colleague with two tattoos, a piercing, no watch and a shameless propensity for chatting up the boss - wondered, What is with that guy?! ....[Sounds like the suckers we're always talking about]

They're ambitious, they're demanding and they question everything, so if there isn't a good reason for that long commute or late night, don't expect them to do it. When it comes to loyalty, the companies they work for are last on their list - behind their families, their friends, their communities, their co-workers and, of course, themselves.....

Things that make you go Hmmm.

Joshua Butler, audit associate, KPMG
With his broad networker's smile[skinnin' & grinnin'], stiff white collar, and polished onyx cuff links, Joshua Butler has the "accouterments" of an accountant. Even so, he looks a little out of place in a KPMG conference room. At 22, he's 6-foot-2 and 230 pounds, with a body made for gladiator movies. A native of suburban Washington, D.C., Butler chose accounting after graduating from Howard University because he wanted "transferable skills."

Is that a way of saying no matter how many clothes you buy, if you don't "look" a certain way you shouldn't be in corporate America?? Or am I tripping? Continue....

At KPMG he's getting them - and more: The firm has let him arrange his schedule to train for a bodybuilding competition, and he's on its tennis team[WTF:The company athlete???]. Even before that, KPMG got his attention when it agreed to move him to New York, his chosen city. "It made me say, 'You know what? This firm has shown a commitment to me. Let me in turn show some commitment to the firm.'" He pauses, a twinkle in his eye. "So this is a merger, if you will - Josh and KPMG."

Read the full article... the Attracting the twentysomething worker