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.
Union representatives are blocking a proposed pact between Telekom Austria AG’s main shareholders, Austrian state holding company OeIAG and Carlos Slim’s America Movil, by boycotting a board meeting, three people familiar with the situation said.
Charles and David Koch, the billionaire brothers who run Wichita, Kansas-based Koch Industries Inc., added $1.3 billion to their collective fortune yesterday on reports that U.S. industrial production gained more than forecast. The surge elevated their net worth to more than $100 billion, according to the Bloomberg Billionaires Index.
Grupo Televisa SAB, Mexico’s biggest broadcaster, rose to the highest since at least 1994 on speculation proposed regulations will hinder America Movil SAB’s television expansion plans for at least two years.
America Movil SAB, the phone giant controlled by billionaire Carlos Slim, tumbled on concerns that profits would suffer in its home market under a proposal sent to Mexico’s Congress by President Enrique Pena Nieto.