World's Billionaires 2009
3. Carlos Slim Helú
Net Worth: $35 billion
Source: Telecom/Mexico
Age: 69
Marital Status: Widowed, six children
# Economic downturn and plunging peso shaved $25 billion from the fortune of Latin America's richest man.
# Global recession testing his ability to live up to the principles he sets for his employees: "Maintain austerity in times of fat cows."
# Son of a Lebanese immigrant bought fixed-line operator Telefonos de Mexico (Telmex) in 1990; now controls 90% of Mexico's telephone landlines.
# Would be a billionaire based on his dividends alone.
# Biggest holding: $16 billion stake in America Movil, Latin America's largest mobile phone company, with 173 million customers. America Movil and Telmex reportedly planning to jointly invest $4 billion to bolster telecom infrastructure in Latin America.
# Buying up cheap media, energy and retail assets.
# Last year took stakes in New York Times Co., former billionaire Anthony O'Reilly's Independent News & Media and Bronco Drilling; also increased position in Saks.
# Baseball statistics aficionado, art collector.
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Wednesday, March 11, 2009
Carlos Slim Helú
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