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.
January 20, 2009 |
New York Times Co. said Monday that it had reached an agreement for $250 million in financing from companies controlled by billionaire Carlos Slim Helu to help the newspaper publisher meet debt payments as credit markets dry up and the newspaper industry confronts plummeting ad revenue. Banco Inbursa and Inmobiliaria Carso will issue senior unsecured notes due in 2015 with detachable warrants, New York Times said.
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.
April 12, 2007 |
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.
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.
March 9, 2007 |
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.
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.
April 20, 2006 |
Carlos Slim Domit, chairman of Mexico's Telefonos de Mexico telecommunications monopoly, has purchased $288 million in shares -- or 2.8% -- of Los Angeles-based Univision Communications Inc., according to a regulatory filing on Wednesday. Slim's stock purchase comes as Univision, the nation's largest Spanish-language media company, is weighing a likely sale. Two months ago, Univision's board -- led by Los Angeles billionaire A.
September 30, 2005 |
Mexican billionaire Carlos Slim led a group of business executives, union leaders and academics calling on presidential contenders to commit to a program they said would help spur economic growth and create jobs. About 400 business executives, including Grupo Televisa Chief Executive Emilio Azcarraga, signed an accord Thursday in Mexico City that calls for private investment in roads, energy, water, health and education.
July 26, 2005 |
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.