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March 11, 2010

Mexican telecommunications baron Carlos Slim has overtaken Microsoft owner Bill Gates and legendary investor Warren Buffet to take the top spot in a list of the world’s richest people.

Mexican telecommunications baron Carlos Slim (pictured) has overtaken Microsoft owner Bill Gates and legendary investor Warren Buffet to take the top spot in a list of the world's richest people.
 
Slim, who runs the empire with his family, has an estimated fortune of $53.5 billion, which he increased by $18.5 billion last year. He is the first non-American to top the list in 16 years. Gates and Buffet come in second and third with an estimated $53 billion and $47 billion respectively.
 

October 29, 2009

The Benetton family, founders of the international clothing group that bears its name, is pulling out of its investment in the Italian communication company Telecom Italia.

The Benetton family, founders of the international clothing group that bears its name, is pulling out of its investment in the Italian communication company Telecom Italia.
 
The family is part of a shareholder consortium, the Telco Group, which owns the Italian company's largest stake with 24.5%. The Benettons were the smallest investors in the group with an 8.4% stake.
 

January 20, 2009

Mexican family patriarch and the world’s second richest man, Carlos Slim Helu, has agreed to lend family-controlled New York Times Company $250 million to refinance existing debt.

Mexican family patriarch and the world's second richest man, Carlos Slim Helu, has agreed to lend family-controlled New York Times Company $250 million to refinance its existing debt.

The loan is being made through the Slim family's Banco Inbursa and Inmobiliaria Carso companies. In return, these two businesses have secured senior unsecured notes due in 2015 with detachable warrants.

November 27, 2008

In September it was family-owned New York Times group, now its luxury department store owner Saks and troubled banking giant Citigroup.

In September it was family-owned New York Times group, now its luxury department store owner Saks and troubled banking giant Citigroup. Carlos Slim Helu (pictured), the world's second richest man and family business owner, has made a splash this week with two high profile investments.

He has built up a $23.1 million stake in Saks, equivalent to 17.6%, whose flagship Fifth Avenue store sells designer clothes, accessories, cosmetics and gifts.

September 11, 2008

The world’s second richest man and family business owner Carlos Slim Helu has bought a stake in the New York Times newspaper group it has been revealed.

The world's second richest man and family business owner Carlos Slim Helu (pictured) has bought a stake in the New York Times newspaper group it has been revealed.
 
The Mexican, who has a net worth of roughly $60 billion, paid $127 million for a 6.4% stake. In doing so, he becomes the group's third largest shareholder behind hedge funds Harbinger Capital and Firebrand Partners. The latter, who were critical of the business's efforts to expand its online operations, are now represented on the company's board.
 

March 1, 2008

Members and owners of family businesses are among the wealthiest people on the planet. Families in Business takes a look at the wealthiest top 10 and analyses how they came to be there

1. Carlos Slim Helú (pictured) is the head of Telmex, a Mexican telecommunications empire that he runs with his sons. He is the world's richest family business owner with a fortune, worth an estimated $60 billion, that surpasses even that of Bill Gates. Slim's father was a Lebanese immigrant who started a dry-goods store in 1911. Slim made his first fortune in 1990 when we bought Telmex from the Mexican government.

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