The world’s richest man maintains holdings in telecommunications (America
Movil), banking (Grupo Financiero Inbursa) and mining (Minera Frisco), as well as Philip Morris, New York Times, Saks and Caixabank. Through his family’s holding company, Grupo Carso, Slim also commands a large presence in the Mexican construction industry.
The world’s 200 wealthiest people lost $14 billion from their collective net worth this week as American employers took on more workers than forecast in May, helping the world’s largest economy weather the impact of higher taxes and federal spending cuts.
European stocks advanced, rebounding after the Stoxx Europe 600 Index fell to its lowest level in more than six weeks yesterday, as a U.S. report showed employers added more workers last month than forecast.
Royal KPN NV, the Dutch phone company partly owned by Carlos Slim’s America Movil SAB, gained as much as 6 percent after Sanford C. Bernstein raised its recommendation as the Dutch business may perform better than investors expected.
The 200 richest people on the planet erased $26.6 billion from their collective net worth this week as Microsoft Corp. co-founder Bill Gates, 57, extended his lead over Mexico’s Carlos Slim as the world’s richest person to $4.3 billion, according to the Bloomberg Billionaires Index.
European stocks fell to a four-week low, paring a 12th consecutive month of gains for the Stoxx Europe 600 Index, as better-than-forecast data on U.S. business activity and consumer confidence bolstered speculation the Federal Reserve will pare its bond purchases.