Businessmen

John Ilhan has died of a suspected heart attack during his morning jog in Brighton, a beachside suburb of Melbourne around 5.30am this morning. Ilhan was 42. John Ilhan was born in Yozgat, Turkey, in 1965, before moving with his family to Melbourne when he was three. He started his own mobile phone shop in 1991. Ilhan grew up in Broadmeadows near the Ford plant in Melbourne's north-west and worked briefly as a salesman at the company — also studying at university and playing in the former National Soccer League — before taking a job with Strathfield Car Radios.

Carlos Slim is now the world's richest man is worth an estimated $US67.8 billion. This Mexican tycoon has overtaken Warren Buffet and Bill Gates according to a respected tracker of Mexican financial wealth: Eduardo Garcia from Sentido Comun an online financial publication he founded. A 27 per cent surge in the share price of America Movil, Latin America's largest cell phone operator controlled by Carlos Slim, from March to June made him close to $8.6 billion wealthier than Bill Gates (which Garcia figures Gates is worth $59.2 billion).

Milton Friedman (July 31, 1912 – November 16, 2006) died today at the age of 94, a US Nobel prize-winning economist. He won the 1976 Nobel Laureate in Economics for his achievements in the fields of consumption analysis, monetary history and theory and for his demonstration of the complexity of stabilisation policy. Other awards he received are the John Bates Clark Medal in 1951, National Medal of Science in 1988 and the Presidential Medal of Freedom in 1988.