The Microsoft mogul Bill Gates is ousted from his comfy position on the number 1 spot as the richest man in the world. Bill Gates is replaced by the Mexican tycoon Carlos Slim as the world’s richest person in the world.
Carlos Slim is a Mexican engineer and businessman largely focused on the telecommunications industry. Carlos Slim has a net worth of around US$53.5 billion through his holdings. He was able to raise money for a telecommunications company by purchasing standby letters of credit which enabled him to obtain guaranteed loans which provided the capital.
Slim has a substantial influence over the telecommunications industry in Mexico and much of Latin America. He controls Teléfonos de México (Telmex), Telcel and América Móvil companies. Though he maintains an active involvement in his companies, his three sons — Carlos, Marco Antonio and Patrick Slim Domit — head them on a day-to-day basis.
Mr. Slim is the first person other than Mr. Gates or Mr. Buffett to top the list since 1994. That year was the last time a billionaire from outside the United States led the ranking — the Japanese real estate tycoon Yoshiaki Tsutsumi.
It is only the second time since 1995 that Gates has lost the crown, the magazine said, and estimating Slim’s net worth at $53.5 billion, compared to Gates’s $53 billion fortune, while investor Warren Buffett came in at No. 3 with $47 billion.
Completing the top 10 richest person in the world are Mukesh Ambani of India at No. 4, Lakshmi Mittal (India) at No. 5, Lawrence Ellison (United States) at No. 6, Bernard Arnault (France) at No. 7, Eike Batista (Brazil) at No. 8, Amancio Ortega (Spain) at No. 9 and Karl Albrecht (Germany) at number 10 spot.
Facebook founder Mark Zuckerberg is still the world’s youngest with a $4 billion fortune at the age of 25.
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Carlos Slim is the New Richest Man in the World
Pinay Fashion Designer Won in the 2010 International Young Fashion Entrepreneur Award in London
A young Pinay fashion designer and milliner bags the 2010 Young Creative Entrepreneur (IYCE) award for Fashion at the London Fashion Week..
The 28-year old Mich Dulce impressed the judges with her winning proposal that aims to to connect British designers with Philippine textile manufacturers to develop new materials and hat designs.
“It’s amazing to be recognized for what you do and it’s even more amazing to be recognized for a concept, project that would help your country,” Dulce said.
Dulce’s creations were made of native Filipino materials such as abaca and sinamay. Her choice of materials and unique designs set her apart from other finalists, making her win the competition.
This is the first time the Philippines has won the grand prize. Dulce received the award during the ceremony at London Fashion Week.
According to Mitch, “Basically, I want to do 2 things– to promote the Filipino as creative, and two, to innovate the local craft industry that we have in the country.”
“This award is for us. It’s not just for me. When I was chosen for this competition, I knew I wanted to do something that would not just benefit me. I wanted to come up with something that is sustainable and not just help myself but help other people as well, increase their business, to create new things, improve technology,” Dulce added.
Together with the recognition is a 5,000 pounds prize to develop a collaborative project with the British Council.
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Pinoy Fashion Designer is Oscars Designer Challenge Finalist
Pinoy fashion designer Oliver Tolentino is raising the flag at the Oscars. He is one of 10 finalists in the “Oscars Designer Challenge,” organized by the Academy of Motion Picture Arts and Sciences.
Tolentino, born in Bataan and educated in a fashion school in Manila, was picked based on his spring-summer collection in the Downtown Los Angeles Fashion Week last October.
The entries of Tolentino and his nine rivals in the Oscar tile will be unveiled in a press showcase on Feb. 23 at the Academy building in Beverly Hills. Video clips of the designers and their entries will be posted on the Academy’s website. Online viewers then vote and determine the winner.
Tolentino hopes his countrymen around the world will support him by voting for him online, and the winner will be announced on the Oscar pre-show, and will attend the 82nd Academy Awards show on March 7.
He is the second consecutive Filipino to be included in the shortlist. Last year, Alan del Rosario, LA-based designer from Cebu, was also a finalist.
Tolentino is a rising star in the fashion business having recently represented the Philippines with his gown that showcased piña (pineapple fiber) at the EcoChic fashion show and exhibition in Geneva, Switzerland.
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Panagbenga Festival Kicks Off Today
Panagbenga Festival of Baguio kicks off today, February 1. This year is the 15th Panagbenga, the famous Baguio flower festival which fires off on Monday with the elimination round of the street dancing competition. Local and foreign tourists will start flocking to this mountain resort city to witness the colorful activities.
Panagbenga is a Kankanaey term for the blossoming of flowers. It was adapted by Rep. Mauricio G. Domogan when he was still the city’s local chief executive to name the festival since the months of February and March are the times of year when flowers in Baguio and Benguet are in full bloom.
Other highlights of the annual Panagbenga include the fluvial parade at the Burnham Park lake on February 14, Valentines Day; the street dancing parade on February 27; the float and marching bands competition on February 28; and the Session Road in Bloom.
Participants to the float parade need to spend at least P400,000 each in order to come out with a competitive float which is expected to contribute to the uplift of the local flower industry that was heavily devastated by the onslaught of Typhoon Pepeng late last year.
Local hotel owners in Baguio and Benguet said their establishments are close to being fully booked towards the middle of the month due to the increasing reservations from tourists who want to witness the city’s premier crowd drawing event.
Pinay Won First Runner Up in 2010 Supermodel of The World Search
Charlene Louise “Chat” Alagon Almarvez, a young Pinay who will be turning 17 on January 25 won First Runner Up in one of the most prestigious modeling search in the world, the Supermodel of the World. The search was held in Sao Paulo Brazil over the weekend, and got a US$150,000 modeling contract from Ford Models NYC.
Chat is one of the few Pinay who is a living and breathing skyscraper at 5′9½. She is a freshman student in De La Salle College of Saint Benilde taking up Business Administration. She was discovered during a Santacruzan in Laguna. With just a couple of months experience in modeling, she tried her luck and won the Supermodel Philippines search during the Philippine Fashion Week in October 2009.
Other winners in 2010 Supermodel of the World are Karlina of Latvia (Grand Winner), Isabelle of Sweden (Second Runner Up), Olivia of USA (Third Runner Up), Maryna of Belarus (Fourth Runner Up), Grace of Australia (Fifth Runner Up) and Bruna of Brazil (Sixth Runner Up).
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