Carlos Slim

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.

Carlos Slim News

Bankia Sells Florida Lender to Chile’s BCI for $883 Million
Updated 3 hours, 20 minutes ago
Bankia SA, a Spanish lender rescued last year with funds from Europe, agreed to sell its bank in Florida to Chile’s Banco de Credito e Inversiones for $882.8 million.
Colombia Senators Drop America Movil Antitrust Proposal
Updated 2 hours, 36 minutes ago
Colombian lawmakers shelved a bill designed to challenge the dominance of America Movil SAB in the mobile-phone industry, a victory for a company besieged by regulatory crackdowns in Latin America.
Inbursa Drops as CaixaBank Weighs 10% Sale: Mexico City Mover
Updated 49 minutes ago
Grupo Financiero Inbursa SAB, the financial-services firm controlled by billionaire Carlos Slim, fell the most in 21 months after CaixaBank SA said it may sell half of its 20 percent stake.
Billionaire Slim’s Prison Rescue Can’t Save Homex Lenders

Desarrolladora Homex SAB’s bonds are signaling that not even a lifeline from billionaire Carlos Slim can prevent Mexico’s biggest homebuilder from joining industry rivals in restructuring its debt.
Rally Ends at U.S. Border as Mexico, Canada Trail

Mexican and Canadian stocks are returning the least in 14 years versus the Standard & Poor’s 500 Index, a break from a history of matching or beating the benchmark gauge since the countries formed a free-trade agreement in 1994.
Homex Says Rating Downgrade, Bank Lawsuits Spur Bond Default

Desarrolladora Homex SAB, Mexico’s biggest homebuilder by sales, said credit-rating downgrades and lawsuits from Barclays Plc and Credit Suisse Group AG over derivatives contracts have put the company in default on peso- denominated bonds.
Philip Morris to Buy Rest of Mexican Unit

Philip Morris International Inc. agreed to acquire the remaining 20 percent stake in its Mexican tobacco business from billionaire Carlos Slim’s Grupo Carso SAB for about $700 million.
Coca-Cola Femsa, CFE, Inbursa, Grupo Famsa: Mexico Bond Alert

Coca-Cola Femsa SAB, Comision Federal de Electricidad, Grupo Financiero Inbursa SAB, Grupo Famsa SAB and Kimberly-Clark de Mexico SAB are among issuers that plan to sell bonds in Mexico’s debt markets.
Bill Gates Retakes World’s Richest Title From Carlos Slim

Bill Gates is once again the world’s richest person.
Billionaire Loser of the Week: Carlos Slim

The richest man in Mexico is no longer the richest man in the world. Carlos Slim lost $2.3 billion, or 3.1 percent of his net worth, in the past week. That leaves Slim with an estimated net worth of $72.1 billion, putting him second on the Bloomberg Billionaires Index to Microsoft founder Bill Gates, whose fortune is estimated at $72.7 billion.As Bloomberg's Peter Newcomb and Crayton Harrison explained on Bloomberg TV, one reason for Slim's falling rank is political pressure on him in Mexico. Then there's also Bill Gates' rise, fueled by a 29 percent surge in Microsoft shares so far this year.