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NEWS ABOUT: Carlos Slim

Tycoon Carlos Slim Loses $8B in Week

But he still has $63B left for comfort

(Newser) - From the everything's-relative department: The world's richest man has lost about $8 billion in this week's market mess, reports Bloomberg . The fortune of Mexico's Carlos Slim is now worth about $63 billion in US dollars, down 11% from the end of July. Mexico's stock market... More »

This Woman May Soon Be World's Richest Person

Australian mining tycoon Gina Rinehart could be worth $100B

(Newser) - The world may soon have a new richest person, and good money says you've never heard of her. Australian mining tycoon Gina Rinehart is projected to reach a net worth as high as $100 billion—more than Carlos Slim ($74 billion), Bill Gates ($56 billion), and Mark Zuckerberg ($13.... More »

Carlos Slim Tops Billionaires List

Mexican tycoon world's richest man with $74 billion

(Newser) - Mexican telecoms tycoon Carlos Slim is the richest person in the world for the second year running, according to Forbes' latest list of billionaires . The 71-year-old Slim, now worth an estimated $74 billion, widened the gap with No. 2 Bill Gates thanks to some canny business moves last year, including... More »

Bill Gates Even Gave Away Richest-Guy Title

'Forbes' list wouldn't be a contest if he hadn't discovered philanthropy

(Newser) - Forbes will unveil its 2011 billionaires list tomorrow, and Bill Gates will certainly make an appearance, reports Reuters . But it turns out the longtime richest guy in the world fell to No. 2 last year not because of Microsoft's waning fortunes, but because he literally gave away the title. "... More »

Carlos Slim Overtakes Bill Gates as World's Richest

Mexican businessman's net worth is $53.5B, Forbes estimates

(Newser) - Mexican businessman Carlos Slim has overtake Bill Gates to become the world’s richest person, with Forbes’ annual estimate giving him a net worth of $53.5 billion—a hair more (well, to them) than the Microsoft founder’s $53 billion even. Investor Warren Buffet ($47 billion) is third, followed... More »

Savvy Slim Bets on NYT Being a Monopoly

(Newser) - Carlos Slim, the elusive Mexican billionaire who bailed out the New York Times to the tune of $250 million, is betting that the Times will be one of a very few major-league news organizations left standing when the current newspaper shakeout is over, Lawrence Wright writes in a profile of... More »

Don't Sell the Times... Yet

(Newser) - The New York Times' ruling Ochs-Sulzberger family has a “habit of buying high and selling low,” writes John Gapper of the Financial Times. The clan sold the paper’s old Times Square building at a bargain price and bought back shares near their zenith. Now Arthur Sulzberger Jr.... More »

Debt May Force Sulzbergers to Sell NYT Stake

Family still spending like it's 1999; Mexico's Slim waits in wings

(Newser) - The Ochs-Sulzberger family may be forced to sell its controlling interest in the New York Times, according to the rival Post, which helpfully points out that family members are also spending far more than they're pulling down at the paragraph factory. Thanks to the recession and the newspaper’s floundering... More »

Gates No. 1 on Shrinking Billionaire List

(Newser) - This may not elicit much sympathy, but Forbes' annual list of billionaires has shrunk from 1,125 names to 793 this year. Bill Gates lost $18 billion but managed to regain the top spot from Warren Buffett, who lost $25 billion. Here's the top 10:
  • Gates, $40 billion
  • Buffett, $37
... More »

New Times Investor Silences Bad Press, Times Says

(Newser) - Carlos Slim has a history of intimidating the press, but not the New York Times, which strives manfully to dish the dirt on Mexico’s richest man today, even though he just lent the paper $250 million. Slim loves making such big investments in media companies, but he hates the... More »

Does Carlos Slim Want to Buy the Times?

As dividends dwindle, Mexican billionaire may move in on paper

(Newser) - Last week Carlos Slim, the world's second-richest man, lent $250 million to the New York Times Company—but why does he want 18% of a tanking media outfit? Advertising Age speculates that the Mexican tycoon is playing a long game: The loan is peanuts to Slim, but it puts him... More »

Slim Loans NYT Co. $250M

Mexican billionaire will own 17% of company, but gets no special voting shares

(Newser) - The New York Times Company announced last night that it had cut a deal with Mexico's Carlos Slim, the world's second-richest man, for a $250 million loan. Slim will receive common shares over six years, at the end of which he will own 17% of the corporation. But he will... More »

NYT Courts Investment From Mexican Billionaire

Telecom magnate may get preferred stock in arrangement for battered newspaper

(Newser) - The New York Times is in talks with Mexican telecom billionaire and current shareholder Carlos Slim about making a significant investment in the beleaguered newspaper, reports the Wall Street Journal. One possibility under discussion is a preferred-stock arrangement, which would be similar to a loan. Slim's investment would earn him... More »

Mexican Media Tycoon Buys 6.4% of New York Times

Experts speculate Carlos Slim may be looking to buy or control media company

(Newser) - The world’s second-richest man, Mexican media tycoon Carlos Slim, has purchased a 6.4% stake in the New York Times Company. He says the buy was a purely financial—not strategic—move, but analysts say he may be positioning himself to make a play for the Gray Lady, reports... More »

Buffet Unseats Gates as Richest Man on Earth

He's worth $62B; Gates is now third with $58B.

(Newser) - Bill Gates has passed the gilded torch: Warren Buffett and Mexican telecom mogul Carlos Slim have ended the Microsoft founder's 13-year reign as richest man on earth, Forbes reports. Buffett's fortune grew $10 billion this year to $62 billion, while Slim weighs in with an estimated $60 billion. Gates trails... More »

Mexico Eyes Carlos Slim's Stupendous Wealth

World's richest man owns 8% of GDP

(Newser) - With Mexican media baron Carlos Slim now the world's richest man, superseding Bill Gates, Mexican regulators are  launching an investigation into whether the virtual monopolies that have made him worth $67 billion in a dizzyingly short time are illegal. Two of his companies—Telemex and Movil—control about 90% of... More »

Mr. Slim Is New Global Fat Cat

Mexican telecom chief Carlos Slim beats Bill Gates as world's richest man

(Newser) - Move over, Bill Gates. The Microsoft founder, who has  been the world's richest individual for a decade, has lost his lofty perch to a little-known Mexican telecom tycoon, Carlos Slim, the Guardian reports.  His wealth has been estimated at $67.8 billion compared with $59.2 billion for Gates. More »

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