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Carlos Slim

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.
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.
June 19, 2011 | By Reed Johnson, Los Angeles Times
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 | 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.
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.
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.
December 6, 2012 | Bloomberg News
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 | By Marc Lifsher, Los Angeles Times
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.
A retail group controlled by Mexican billionaire Carlos Slim Helu and his sons said Monday it will buy CompUSA, the struggling U.S. computer retailer, in a deal that positions the Slims for further penetration into hemispheric markets for Internet-related businesses. The deal also strengthens a partnership between the Slim family empire and Microsoft Corp., which becomes a minority owner of CompUSA. The two enterprises agreed in October to jointly launch a Spanish-language Internet portal.
September 12, 2008 | Marla Dickerson, Times Staff Writer
Why is the world's second-richest man investing in old media? Some analysts are scratching their heads after Mexican billionaire Carlos Slim Helu revealed this week that he and his family had acquired a 6.4% stake in the New York Times Co., owner of the New York Times, International Herald Tribune, Boston Globe and 16 other daily newspapers. Investors have been fleeing the stocks of U.S. newspaper companies, whose advertising revenues are plummeting because of the slow economy and continued migration of readers from print media to the Internet.
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