Search Results for: Zaid Jilani

Nov
01
2013

When the World’s Richest Billionaire Owns Your Paper

The New York Times covers Carlos Slim—carefully

Mexican telecom tycoon Carlos Slim costs his country an estimated $32 billion a year

Carlos Slim is the world’s richest person. His father, Julién Slim Haddad, immigrated to Mexico from Lebanon as a teenager, and by the time Carlos was born, the family was well-off, having acquired a number of businesses and real estate in Mexico City. Slim took his father’s financial lessons to heart, starting a stock brokerage that slowly grew to a corporate empire. Today he owns, among other things, América Móvil, Latin America’s largest wireless services provider. In 2007, the estimated value of the companies he ran was a whopping $150 billion. In that year, Mexico’s GDP was just over $1 […]