Bigger billionaires than him flock to hang with DRUMPF: Carlos SLIM (Mexico, $77B), POOTin
It don't matter if DRUMPF insults your country, it's eccentric-rich is what it is. There must be a tally going on of all those who were slammed by DRUMPF who then (after he takes power) trek to DRUMPF Tower. Well, Al GORE and Mittens went there. How does it work, will everybody still know him when his popularity polls tank?!1
Let's see, Carlos SLIM has had his Mexico trashed by DRUMPF, well, HERITAGE counts with DRUMPF so it matters that SLIM is of Lebanese extraction. SLIM owns some of the NYT, which DRUMPF trashes daily. But it's all fun with billionaires.
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https://www.washingtonpost.com/politics/trump-dines-with-carlos-slim-as-relations-warm-with-mexican-leaders/2016/12/19/652ccf7c-c60f-11e6-bf4b-2c064d32a4bf_story.html?utm_term=.84e30a08a342
[font size=5]Trump dines with Carlos Slim as relations warm with Mexican leaders[/font]
.... Slim has long been the dominant figure in Mexico’s business community with a net worth estimated at $77 billion, according to the most recent tally by Forbes magazine. He controls Latin America’s largest telecom company, America Movil, and is also involved in banking, construction, retail, health care, oil and other businesses. Slim also is the largest single investor in The New York Times Company. ....
In July 2014 Slim invested in WellAware, a Texas-based oil and gas software developer, this investment was also made with former Republican vice president Dick Cheney. External funding was provided by Activant Capital Group and Slim, along with participation from strategic investors and WellAware board members Ed Whitacre. When Mexico eventually prepared to open its oil and gas sectors to domestic and foreign private capital for the first time in 75 years, it has been widely speculated that Slim will play a major role toward contributing to Mexico's new energy landscape. Slim's investment in WellAware, whose software allows oil and gas companies to track wells and pipelines remotely and collates data for making forecasts, adds to a number of oil-related investments that he has been making in the past years in Mexico, Latin America and the United States. ....
Having a keen investment eye for value, Slim adhered to his value investment practices with a long history of buying stakes in companies he sees as undervalued.[32] Much of Slim's business dealings involved a simple strategy, which is to buy a business and hang on to it for its cash flow or eventually sell the stake at a greater profit in future, thereby netting the capital gains as well as reinvesting the initial principal into a new business.[33] In addition, his conglomerate structure allows Slim to purchase numerous stakes that it is made nearly recession proof if one or more sectors of the economy do not do well. Slim also doesn't address the finer details of the business but instead focuses on business fundamentals where his strategy is buy an asset at an undervalued price for its underlying cash flow and eventually sell his stake for greater profit when the asset gains value, or simply hang to the business for its cash flow. ....Slim’s father Khalil Salim Haddad Aglamaz emigrated to Mexico from Lebanon (then part of the Ottoman Empire) in 1902 (he was 14), and later changed his name to Julián Slim Haddad.[12] It was not uncommon for Lebanese children to be sent abroad before they reached the age of 15 to avoid being conscripted into the Ottoman Army, and four of Haddad's older brothers were already living in Mexico at the time of his arrival.[20]
Slim became a prominent figure within the American business scene by 2003 when he began purchasing large stakes in a number of major US retailers such as Barnes & Noble, OfficeMax, Office Depot, Circuit City, Borders, and CompUSA.[37] Much of reason behind Slim's overseas expansion was due to a running joke in the Mexican business scene where "there was nothing left to acquire in Mexico".[37] He eyed towards investing the United States where he set up Telmex USA and also acquired a stake in Tracfone, a US cellular telephone company. At the same time, he established Carso Infraestructura y Construcción, S. A. (CICSA) as a construction and engineering company within Grupo Carso.[20] During the same year, Slim had heart surgery and subsequently passed on much of the day-to-day involvement in the businesses to his children and their spouses. ....
Slim's growing fortune has been a subject of controversy, because it has been amassed in a developing country where average per capita income does not surpass US$14,500 a year, and nearly 17% of the population lives in poverty.[94] Critics claim that Slim is a monopolist, pointing to Telmex's control of 90% of the Mexican landline telephone market. Slim's wealth is the equivalent of roughly 5% of Mexico's annual economic output.[95] Telmex, of which 49.1% is owned by Slim and his family, charges among the highest usage fees in the world, according to the Organisation for Economic Co-operation and Development.[96] The average Mexican spends 1.50 pesos per day on Slim's goods and services for a total of roughly US$140 million a day and the Federal Telecommunications Institute, a new Mexican government anti-monopoly watchdog said in April 2014 that Slim's telecom businesses are monopolies.[6] Slim's business presence in Mexico alone is so broad that many Mexicans find it appropriate to call the country "Slimlandia" as it is almost impossible to go a day in Mexico without contributing to Slim's wealth. ....
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