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Carlos Slim

BUSINESS
July 26, 2005 | From Reuters
Billionaire Carlos Slim and leading broadcaster Televisa are joining forces in a new low-cost airline as the government sells off Mexico's largest carriers and opens the industry to competition. Slim's investment unit, Sinca Inbursa, and Televisa said Monday they would each take a 25% stake in Vuela, the new airline. The other partners are El Salvador-based airline Grupo Taca and investment fund Discovery Americas I, in which former Mexican Finance Minister Pedro Aspe plays a leading role.
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BUSINESS
March 5, 2012 | By Jim Puzzanghera
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.
BUSINESS
March 13, 2007 | Marla Dickerson, Times Staff Writer
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.
BUSINESS
April 12, 2007 | Marla Dickerson, Times Staff Writer
That was fast. Mexican telecom mogul Carlos Slim Helu last month blew past U.S. investor Warren Buffett to become the world's second-richest man with an estimated net worth of $53.1 billion, according to Forbes magazine. Slim was ranked No. 3 on the publication's 2007 list of the world's richest people, released a month ago. But he is making money faster than ink can dry, thanks to rising share prices for his telecom holdings America Movil and Carso Global Telecom.
BUSINESS
March 9, 2007 | Marla Dickerson, Times Staff Writer
Telecom mogul Carlos Slim Helu has built a corporate empire so vast that it's nearly impossible for most Mexicans to go a day without slipping a few pesos into his pocket. Those pesos add up. On Thursday, Forbes magazine estimated his net worth at $49 billion. That represented a stunning $19-billion increase from 2006, the biggest one-year jump in a decade for anyone on the magazine's annual list of the world's richest people. Microsoft Corp.
BUSINESS
September 5, 1999 | JAMES F. SMITH, TIMES STAFF WRITER
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.
BUSINESS
April 12, 2005 | From Bloomberg News
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.
BUSINESS
June 29, 2006 | Marla Dickerson, Times Staff Writer
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.
BUSINESS
July 8, 2013 | By Salvador Rodriguez
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.
BUSINESS
March 9, 2011 | Bloomberg News
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.
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