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Carlos Slim

January 24, 2013

There were big family investments and divestments worldwide this week, with Mexican tycoon Carlos Slim adding to his advertising empire, the Shaw family increasing its stake in the eponymous Canadian media business and the Maloofs relinquishing their US basketball team. 

There were big family investments and divestments worldwide this week, with Mexican tycoon Carlos Slim adding to his advertising empire, the Shaw family increasing its stake in the eponymous Canadian media business and the Maloofs relinquishing their US basketball team.

America Movil
America Movil, the Mexico City-based telecoms operator controlled by Carlos Slim and his family, is to acquire the media and advertising division of Corporacion Interamericana de Entretenimiento for nearly 1.7 billion Mexican pesos (€99.2 million).

October 17, 2012

Think Carlos Slim is rich? Well meet Mansa Musa I of Mali – the richest person in history.

Think Carlos Slim is rich? Well meet Mansa Musa I of Mali – the richest person in history.

His name might leave you scratching your head in confusion, but Mansa Musa, a 14th century African king, topped the 25 Richest People of All Time list by website Celebrity Net Worth.

September 27, 2012

Some of the world’s best-known family businesses, from Heineken in the Netherlands to American Greetings, are in the limelight for expansion plans and for keeping ownership of companies within the family.

Some of the world’s best-known family businesses, from Heineken in the Netherlands to American Greetings, are in the limelight for expansion plans and for keeping ownership of companies within the family.
 
The family behind cards-maker American Greetings said on 26 September that it wants to buy the shares in the company it doesn’t already own.
 

September 3, 2012

It is turning out to be a busy period for acquisitions in the family business world, with Campari buying a controlling stake in a Jamaican rum-maker and Australian confectionery company Darrell Lea selling to a fellow family business.

It is turning out to be a busy period for acquisitions in the family business world, with Campari buying a controlling stake in a Jamaican rum-maker and Australian confectionery company Darrell Lea selling to a fellow family business.

August 24, 2012

Carlos Slim’s America Movil hit the news again this week with an announcement of consolidation efforts and revelations of a new acquisition target.

Carlos Slim’s America Movil hit the news again this week with an announcement of consolidation efforts and revelations of a new acquisition target.

Mexico City-based America Movil said it will delist Telmex – also a company owned by Slim – from the Mexican and New York stock exchanges. The communications giant is to buy the remaining 2.79% of Telmex it doesn’t already own.

America Movil is also reportedly looking to acquire a stake in Warsaw-based Hawe, a holding company focusing on telecommunication.

July 3, 2012

Casino, the French retail giant, took over two family-controlled grocery chains in recent weeks, while Mexican family business Grupo Modelo was sold and billionaire Carlos Slim bought shares in two European telecommunications companies.

Casino, the French retail giant, took over two family-controlled grocery chains in recent weeks, while Mexican family business Grupo Modelo was sold and billionaire Carlos Slim bought shares in two European telecommunications companies.

March 8, 2012

The top 20 richest people in the world are collectively worth $634 billion (€479 billion) and over half owe their fortunes to family businesses.

The top 20 richest people in the world are collectively worth $634 billion (€479 billion) and over half owe their fortunes to family businesses.

That’s according to the latest Forbes billionaires list, released on 7 March, which showed that 14 of the top 20 on the list had family-controlled groups responsible for their wealth.

March 5, 2012

Carlos Slim, who controls Mexican conglomerate Grupo Carso, is the richest person in the world, with a fortune of about $68.5 billion (€51.9 billion). 

Carlos Slim, who controls Mexican conglomerate Grupo Carso, is the richest person in the world, with a fortune of about $68.5 billion (€51.9 billion).

February 3, 2012

The family behind American media group the New York Times Company looks to be reigning in control of the family business, in the wake of declining revenues and profits for fiscal 2011.

The family behind American media group the New York Times Company looks to be reigning in control of the family business, in the wake of declining revenues and profits for fiscal 2011.

The family-controlled company, which is behind the namesake iconic newspaper, saw full-year revenues decline by 2.8% to $2.38 billion (€1.80 billion). Operating profits also took a big hit, falling by around 75% to $56.7 million, the company said in a statement on 2 February.

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