Bill Gates invests in algae fuel

Arguably the world's most famous billionaire dork, Bill Gates, has just plopped some cash down on one of EcoGeek's favorite technologies...algae fuel.

Sapphire Energy, which hopes to create fuel for cars from algae, is undergoing series B financing, and Gates and several other large investment companies brought up Sapphire's total invested capital to $100 M.

That's a pretty good hunk of change, but when you're trying to replace a trillion dollar industry, it's not so impressive.

Algae is especially good at creating fats using only the energy in the sun and carbon dioxide from the air. Some aglaes have been engineered to actually be more fat than algae (sounds like a pretty American idea.) The fat can then be refined into biodiesel with a much smaller footprint than current crops like soy, corn or rape. Tons of new startups are working on this particular solution to our problems, and so far I like what I'm seeing.

Sapphire wants to refine the fats directly into gasoline that could be used in today's vehicles. That possibility is very enticing for investors, as it could go to market immediately. But the best-case estimates predict that Sappire's "Green Crude" won't be on the market for three to five years.

Carlos Slim is the top rich man of the world

One finance based website of Mexico declared that Bill Gates is not the top rich man of the world now. Now Mexican telecoms businessman Carlos Slim is the top rich man of the world now.
Total property of:-

Bill Gates: 5920 crore USD
Carlos slim: 6780 crore USD or 3360 crore pound.

The share price of Carlos Slim's telecoms company "America Movil" has recently increased 27% and that's why he crossed Bill Gates as a rocket .

Carlos Slim Helú, born January 28, 1940 in Mexico City, is a Mexican businessman of Lebanese descent. Slim has a substantial influence over the telecommunications industry in Mexico and in much of the rest of Latin America as well. He controls Teléfonos de México (Telmex), Telcel and América Móvil companies. Though he maintains an active involvement in his companies, his three sons Carlos Slim Domit, Marco Antonio Slim Domit and Patrick Slim Domit and his son in law Daniel Hajj Aboumrad, head them on a day-to-day basis.

On July 3, 2007, a report by Mexican financial journalist Eduardo Garcia indicated that Slim's wealth had exceeded that of Microsoft founder Bill Gates, making him the world's wealthiest person. Recent gains in his shares in the America Movil group are largely responsible for his recent increase in wealth, boosting his fortune to an estimated $67.8 billion dollars compared with $59.2 billion dollars for the Microsoft mogul Bill Gates.