Carlos Slim ended Gates's 13-year reign thanks to a 26 per cent surge in the stock price of his company America Movil during the second quarter. Slim boosted his personal net worth to $67.8bn compared to last year’s $30bn.
It looks like the RIAA and big music labels have won a battle, if not the war, against massively popular AllOfMP3, a Russian music download site that sells MP3s for as little as two cents per megabyte. The site has been shut down, again, reportedly at the hands of the Russian government.
AllOfMp3, the popular online music store, has been shut down by the Russian government. Pressure from the United States, and a refusal to enter the World Trade Organisation (WTO) convinced the Kremlin to take the website down for good.