January 25, 2000 |
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 |
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.
March 6, 2012 |
Mexican tycoon Carlos Slim lost nearly $500 million over the weekend but remains the world's richest person. Microsoft Corp. co-founder Bill Gates, who ranks second, closed the gap a bit because he only lost about $100 million. The daily financial gyrations in the net worth of the world's richest people now can be followed like stock prices or baseball standings through the new 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.
April 19, 2011 |
Lomas de Chapultepec, a neighborhood of huge homes behind high stone and brick walls, wakes up each morning to the sound of sweeping. As the dawn's dark fades to light, servants emerge from behind gates and, with witches' brooms, brush away the leaves and twigs and lavender jacaranda petals that have fallen overnight. Maids in pastel uniforms, security guards, gardeners and chauffeurs — these are the public denizens of this super-rich enclave. The actual homeowners and permanent residents are rarely seen.
April 29, 2006 |
Carlos Slim Domit, a member of Grupo Televisa's board, has withdrawn from the company's planning to bid for Univision Communications Inc. because of a conflict of interest. Slim Domit removed himself after Mexico City-based Televisa disclosed he had purchased 3.8% of Univision between March 9 and April 3.
October 30, 2007 |
Mexico's antitrust chief said regulators would reopen an investigation of billionaire Carlos Slim's telephone companies, Telefonos de Mexico and America Movil, in about three weeks. Eduardo Perez Motta, president of the Federal Competition Commission, said the inquiry would determine whether the companies have monopolies in some regions.
September 14, 2009 |
Practically since the day he was born, in 1968, Emilio Azcarraga Jean has owned one of the most famous names in Mexico. That's because his father, Emilio Azcarraga Milmo, also known as "El Tigre" (The Tiger), was among the hemisphere's richest men and head of a sprawling media empire. His empire's cornerstone was Grupo Televisa, the giant Mexican television broadcaster that for decades operated as a monopoly. Although Mexico now has a second national network, TV Azteca, Televisa remains by far the country's dominant broadcaster, with an unrivaled power to influence not only Mexicans' entertainment preferences but also their ideas about politics, business and the rest of the world.
February 19, 2013 |
Philip Hsiang and his wife, Mary Ann, used to pay almost $1,000 a year for a pair of cellphones under a family plan contract. But as recession gripped the economy a few years back, the Davis couple opted for low-cost prepaid phone service and never looked back. They shaved $800 off their annual phone bill, even though Hsiang could easily afford the pricier plan on his salary as an electrical engineer. "As a Chinese immigrant to the U.S., it's a virtue to be frugal," Hsiang said.
May 17, 2011
Carlos Slim Helu Age: 71 Net worth: $74 billion Key businesses: Telmex (land lines), America Movil (wireless), Grupo Carso (Sanborns restaurants, Sears Mexico) Ricardo Salinas Pliego Age: 55 Net worth: $8.2 billion Key businesses: TV Azteca, Elektra (retail electronics), Iusacell (wireless) Emilio Azcarraga Jean Age: 43 Net worth: $2.3 billion Key business: Grupo Televisa Sources: Forbes, Times research