March 13, 2007 |
Facing mounting criticism for his $49-billion fortune in a nation where nearly half the population lives in poverty, telecom mogul Carlos Slim Helu on Monday portrayed his business empire as a family enterprise that is creating jobs and investment in Mexico. It was Slim's first public appearance since Forbes magazine last week announced that his net worth surged $19 billion in 2006. Slim ranked third behind Microsoft Corp. co-founder Bill Gates ($56 billion) and American investor Warren E.
September 5, 1999 |
MEXICO CITY In a nation known for corporate waste and avarice, billionaire Carlos Slim Helu operates both efficiently and generously--a sort of Mexican mix of Sam Walton and Andrew Carnegie. He doesn't use consultants or headhunters to bring in talent, preferring instead to deploy members of his own team. Like Slim, they win no elegance contests. But they are tough, instinctive traders. "The majority of our team is home-grown," Slim says.
April 12, 2005 |
Verizon Communications Inc.'s agreement over the weekend to buy Carlos Slim's stake in MCI Inc. for more than it is offering other shareholders angered some of MCI's largest owners and put pressure on MCI's board to seek a higher offer. Slim, the world's fourth-richest person, will sell his 13% stake in MCI to Verizon for $25.72 a share, making Verizon the top MCI shareholder. Verizon, the biggest U.S. telephone company, will pay $2.62 a share more for Slim's stake than the $23.
March 5, 2012 |
Mexican tycoon Carlos Slim lost nearly $500 million over the weekend, but remains the world's richest person. Microsoft co-founder Bill Gates, who ranks second, closed the gap a bit because he only lost about $100 million. The daily financial gyrations of the net worth of the world's richest people now can be followed like stock prices or baseball standings, with the unveiling of the Bloomberg Billionaires Index . "The index is a dynamic measure of the world's wealthy based on changes in markets, the economy and Bloomberg reporting," the financial news company said.
June 19, 2011 |
Mañana Forever Mexico and the Mexicans Jorge G. Castañeda Alfred A. Knopf: 294 pp., $27.95 Mexicans, like their Spanish forebears, love to quote proverbs as a way of underscoring eternal truths and imparting folk wisdom to younger generations. Jorge Castañeda cites one of these popular adages not once, but twice, in his timely, perceptive new book, " Mañana Forever? Mexico and the Mexicans," to illustrate what he believes are some of the cynical, corrupt and backward-looking attitudes that are preventing his countrymen from living up to their vast potential.
June 29, 2006 |
In this election season, he has drawn crowds throughout the nation with his plan to strengthen Mexico's economy. He speaks at conferences on reducing poverty. Some journalists hang on his every utterance. Mexican telecom billionaire Carlos Slim Helu isn't on the ballot for Sunday's presidential contest. But his presence is being felt in a nation that many say is at a crossroads in its development. The world's third-richest man -- behind Microsoft Corp.
July 8, 2013 |
Shazam, the mobile app that instantly recognizes songs and TV commercials, has announced a $40-million round of funding led by Mexican billionaire Carlos Slim. The app, which users turn on when they hear a song that they want to identify, said the funding is being headed up by Slim's company, America Movil, one of the world's largest wireless communication firms. Shazam Chief Executive Rich Riley called the investment a milestone. “It's a great continuation of the incredible momentum that we have,” he said.
March 9, 2011 |
Carlos Slim remains the world's richest person for a second year with estimated assets of $74 billion, according to Forbes magazine's annual global ranking of billionaires. The net worth of Mexico's Slim, 71, whose holdings include the largest mobile phone operator in the Americas, rose $20.5 billion. Bill Gates, 55, chairman of Microsoft Corp., was second again as his net worth rose $3 billion, to $56 billion. Warren Buffett, 80, chief executive of Berkshire Hathaway Inc., held on to third place with $50 billion.
December 6, 2012 |
Carlos Slim, the world's richest person, is confronting a mounting backlash that's coming from the same parts of Latin American that made him wealthy. Authorities in several countries are moving to rein in his telecommunications empire. A wave of telecommunications regulation has swept the area in the last four months. Mexico's new president pledged last week to stimulate competition against Slim. In Brazil, institutions that monitor the phone industry are also gaining teeth, while populist politicians in countries such as Argentina and Colombia are spurring rule changes.
December 27, 2012 |
SACRAMENTO - A prepaid cellular company controlled by Mexican billionaire Carlos Slim is taking fire as it moves to expand in the lucrative California market. TracFone Wireless Inc., which has more than 21 million users in the United States, is the country's biggest player in the fast-growing business of selling low-cost cellphones and prepaid minutes - often to low-income customers. These phones, typically costing users as little as $20 for a phone and 60 minutes of use, appeal to many customers who don't want or can't afford to sign yearlong or multiyear contracts.