The world's second richest man, Mexican telecommunications tycoon Carlos Slim Helu, has won control for free of a web address which uses his name.

The site http://www.carlosslimhelu.com had been cyber squatted by an Indonesian who had tried to sell him it for $US55 million. Ahmad Rusli of Jakarta threatened to link the name to a porn site unless he got the cash.

But the United Nations' copyright agency WIPO said an arbitrator for the dispute service that it runs on internet addresses had ruled that the site had been registered in bad faith and must be transferred to the businessman.

Rusli said that the threat was designed to get Helu's attention and he only wanted to protect the address for him. (What a nice guy. sub.ed.) In March last year, the U.S. business magazine Forbes ranked him as the world's second-richest person, ahead of Microsoft founder Bill Gates. Forbes set Slim's fortune at approximately $US68 billion.