What happened to the Mexican Carlos Slim, as the world's richest man?

Discussion in 'Economics' started by crgarcia, Mar 23, 2008.

  1. Were his stocks a bubble, so he got dethroned when the bubble popped?
  2. He's $60B now according to Forbez
  3. loik


  4. Brandonf

    Brandonf ET Sponsor

    The Drug wars are heating up in Mexico and Mr Big needs to keep a lower profile? I have a classmate who's at the DEA field office in El Paso, Tx and he swears that Slim is the worlds biggest, most powerful, richest and untouchable drug lord.
  5. maxpi


    Smart guy then, has a business front that people believe. Back in the 80's there was a guy called El Indio [The Indian]. I don't think anybody ever knew his real name. He was the first drug billionaire I ever heard of. Supposedly he had 5B.
  6. you could easily type his name into google to find out his holdings and realize they weren't bubble stocks.

    AMX is still holding strong.
  7. I saw that list. An interesting one too. By the way, did you notice that out of the top 25, majority are from Asian or poor countries. What does that tell; it is not necessary to be in a rich country to be rich? :p
  8. He's joined up with Fats Domino to produce the world's most awesome ring tones :p
  9. Carlos Slim Buys Another Big Chunk of Saks (SKS); Now Holds 17M Shares
    StreetInsider.com (subscription), MI - 13 hours ago
    In a Form 4-K on Saks (NYSE: SKS), billionaire investor and formerly the richest man in the world, Carlos Slim, disclosed that on 10/7 he purchased 690000 ...SKS

    http://finance.yahoo.com/q/ks?s=sks shows SKS price / book value 0.77 and total debt / equity 0.501.
  10. hughb


    Carlos owns a 6.4% stake of the NYT.

    New York Times brings Wall Street more bad news
    Commentary: Will there ever be a silver lining?
    By MarketWatch
    Last update: 11:17 a.m. EDT Oct. 23, 2008The following First Take is real-time analysis and opinion by the MarketWatch commentary team.
    NEW YORK (MarketWatch) -- New York Times Co. is in danger of attracting takeover rumors.
    On Thursday, the Times Co. (NYTNew York Times Company
    News, chart, profile, more

    NYT) , which also owns the Boston Globe and additional assets, reported that third-quarter net income fell to $6.5 million, or 5 cents a share, compared with a profit of $13.4 million, or 9 cents a share, in the year-ago period. Including $10.3 million, or 7 cents a share, in severance costs related to the shutdown of a New York-area newsstand distribution unit, the company posted a preliminary loss from continuing operations of 1 cent a share. See full story.
    Can you remember the last time New York Times Co. actually reported shoot-out-the-lights numbers? Or even fist-pumping, high-fiving good news of any sort?
    Times supporters will say that without the severance costs the company would have earned 6 cents a share. At the same time, its revenue fell 9% to $687 million. One step forward, two steps back.
    It's getting to a depressing point where the Times is approaching a crisis of confidence, if not the beginning of a financial crisis. Its newspapering rivals, at least, can hope for help from other units (the Washington Post Co. (WPOThe Washington Post Company
    News, chart, profile, more

    But the Times can't hope to find the same sort of assistance (and yes, Kaplan, too, has lately had its share of challenges).
    How long will it be until the vulture mergers-and-acquisitions pros start to smell a takeover of the Times at these levels? The Times' stock price may sink further, only making the company seem more appealing to a bargain hunter who sees value in arguably the most prestigious brand name in the media world. Of course, the controlling Sulzberger family must agree to an acquisition.
    The Times had better get its act together, or its business writers will end up writing stories about those vultures circling the newspaper's sparkling new headquarters.
    -- Jon Friedman
    #10     Oct 23, 2008